Lloyds Banking Group PLC $LYG Shares Bought by Logan Capital Management Inc.

Logan Capital Management Inc. grew its holdings in shares of Lloyds Banking Group PLC (NYSE:LYG) by 9.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,258,776 shares of the financial services provider’s stock after buying an additional 112,845 shares during the period. Logan Capital Management Inc.’s holdings in Lloyds Banking Group were worth $6,672,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Royal Bank of Canada boosted its stake in shares of Lloyds Banking Group by 10.6% during the 1st quarter. Royal Bank of Canada now owns 1,126,734 shares of the financial services provider’s stock worth $4,305,000 after acquiring an additional 108,100 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Lloyds Banking Group by 124.1% during the 1st quarter. AQR Capital Management LLC now owns 263,246 shares of the financial services provider’s stock worth $1,006,000 after acquiring an additional 145,772 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of Lloyds Banking Group by 18.4% during the 1st quarter. Jane Street Group LLC now owns 812,424 shares of the financial services provider’s stock worth $3,103,000 after acquiring an additional 126,247 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Lloyds Banking Group by 162.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 11,724 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 7,253 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in shares of Lloyds Banking Group during the 1st quarter worth approximately $639,000. Institutional investors and hedge funds own 2.15% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on LYG. UBS Group raised Lloyds Banking Group from a “neutral” rating to a “buy” rating in a research note on Thursday, April 30th. Weiss Ratings lowered Lloyds Banking Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Wall Street Zen raised Lloyds Banking Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Finally, Citigroup reissued a “buy” rating on shares of Lloyds Banking Group in a research note on Thursday, April 30th. Seven investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Lloyds Banking Group presently has an average rating of “Moderate Buy”.

Lloyds Banking Group Price Performance

LYG stock opened at $5.42 on Friday. Lloyds Banking Group PLC has a 1 year low of $3.98 and a 1 year high of $6.34. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.56 and a current ratio of 0.56. The stock’s 50 day moving average price is $5.37 and its 200 day moving average price is $5.38. The firm has a market cap of $79.19 billion, a P/E ratio of 12.31, a PEG ratio of 0.52 and a beta of 0.87.

Lloyds Banking Group (NYSE:LYG) last posted its earnings results on Tuesday, March 31st. The financial services provider reported $0.13 earnings per share (EPS) for the quarter. The firm had revenue of $6.87 billion for the quarter. Lloyds Banking Group had a return on equity of 10.63% and a net margin of 25.11%. On average, sell-side analysts expect 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.