UBS Group AG Has $5.41 Million Stock Position in Lloyds Banking Group PLC $LYG

UBS Group AG lessened its stake in shares of Lloyds Banking Group PLC (NYSE:LYG) by 84.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,021,088 shares of the financial services provider’s stock after selling 5,593,607 shares during the period. UBS Group AG’s holdings in Lloyds Banking Group were worth $5,412,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of LYG. Mondrian Investment Partners LTD acquired a new position in shares of Lloyds Banking Group in the third quarter worth about $285,004,000. CIBC Bancorp USA Inc. purchased a new stake in shares of Lloyds Banking Group in the 3rd quarter valued at approximately $63,928,000. Jane Street Group LLC boosted its stake in Lloyds Banking Group by 178.3% in the 2nd quarter. Jane Street Group LLC now owns 2,261,115 shares of the financial services provider’s stock worth $9,610,000 after purchasing an additional 1,448,691 shares during the period. Millennium Management LLC grew its position in Lloyds Banking Group by 17.4% during the 3rd quarter. Millennium Management LLC now owns 8,815,679 shares of the financial services provider’s stock worth $40,023,000 after purchasing an additional 1,309,359 shares in the last quarter. Finally, American Century Companies Inc. grew its position in Lloyds Banking Group by 19.2% during the 3rd quarter. American Century Companies Inc. now owns 8,112,276 shares of the financial services provider’s stock worth $36,830,000 after purchasing an additional 1,306,099 shares in the last quarter. 2.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

LYG has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Lloyds Banking Group in a report on Tuesday, February 3rd. Weiss Ratings lowered Lloyds Banking Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. Citigroup restated a “buy” rating on shares of Lloyds Banking Group in a research report on Thursday, April 30th. UBS Group raised Lloyds Banking Group from a “neutral” rating to a “buy” rating in a research note on Thursday, April 30th. Finally, Wall Street Zen raised shares of Lloyds Banking Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Seven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Lloyds Banking Group Trading Up 5.1%

NYSE LYG opened at $5.43 on Thursday. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 2.09. Lloyds Banking Group PLC has a 1-year low of $3.98 and a 1-year high of $6.34. The firm’s fifty day simple moving average is $5.27 and its 200-day simple moving average is $5.31. The company has a market capitalization of $79.34 billion, a PE ratio of 12.33, a price-to-earnings-growth ratio of 0.52 and a beta of 0.88.

Lloyds Banking Group (NYSE:LYG) last released its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $0.13 earnings per share (EPS) for the quarter. Lloyds Banking Group had a return on equity of 10.63% and a net margin of 25.11%.The firm had revenue of $6.87 billion during the quarter. As a group, sell-side analysts anticipate that Lloyds Banking Group PLC will post 0.53 earnings per share for the current fiscal year.

Lloyds Banking Group Profile

Lloyds Banking Group plc is a UK-based banking and financial services company that provides a broad range of retail, commercial and insurance products. Its principal consumer-facing brands include Lloyds Bank, Halifax and Bank of Scotland, through which it offers current accounts, savings, mortgages, credit cards and personal loans. The group also delivers services to small and medium-sized enterprises (SMEs) and larger corporate clients, supplying business accounts, lending, payments and cash-management solutions.

In addition to core banking, Lloyds operates a significant wealth and insurance arm under the Scottish Widows brand, offering life insurance, pensions, investment and retirement planning products.