AMG National Trust Bank Sells 125,090 Shares of Lloyds Banking Group PLC $LYG

AMG National Trust Bank decreased its position in Lloyds Banking Group PLC (NYSE:LYG) by 21.1% during the 2nd quarter, Holdings Channel reports. The firm owned 467,420 shares of the financial services provider’s stock after selling 125,090 shares during the period. AMG National Trust Bank’s holdings in Lloyds Banking Group were worth $1,987,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Riversedge Advisors LLC grew its holdings in shares of Lloyds Banking Group by 10.5% in the second quarter. Riversedge Advisors LLC now owns 25,680 shares of the financial services provider’s stock worth $109,000 after purchasing an additional 2,433 shares during the last quarter. Jackson Thornton Wealth Management LLC boosted its holdings in Lloyds Banking Group by 20.4% in the first quarter. Jackson Thornton Wealth Management LLC now owns 15,168 shares of the financial services provider’s stock valued at $57,000 after acquiring an additional 2,573 shares in the last quarter. Drive Wealth Management LLC boosted its holdings in Lloyds Banking Group by 6.8% in the second quarter. Drive Wealth Management LLC now owns 41,065 shares of the financial services provider’s stock valued at $175,000 after acquiring an additional 2,599 shares in the last quarter. Brighton Jones LLC boosted its holdings in Lloyds Banking Group by 16.2% in the second quarter. Brighton Jones LLC now owns 18,778 shares of the financial services provider’s stock valued at $80,000 after acquiring an additional 2,613 shares in the last quarter. Finally, Mutual Advisors LLC boosted its holdings in Lloyds Banking Group by 27.2% in the first quarter. Mutual Advisors LLC now owns 12,916 shares of the financial services provider’s stock valued at $51,000 after acquiring an additional 2,758 shares in the last quarter. Institutional investors own 2.15% of the company’s stock.

Lloyds Banking Group Stock Performance

Shares of Lloyds Banking Group stock opened at $4.73 on Friday. The company has a current ratio of 0.55, a quick ratio of 0.53 and a debt-to-equity ratio of 1.94. The firm has a market capitalization of $70.03 billion, a P/E ratio of 13.50, a P/E/G ratio of 0.65 and a beta of 1.02. The business has a fifty day simple moving average of $4.51 and a two-hundred day simple moving average of $4.28. Lloyds Banking Group PLC has a 12 month low of $2.56 and a 12 month high of $4.74.

Lloyds Banking Group (NYSE:LYG) last announced its quarterly earnings data on Thursday, October 23rd. The financial services provider reported $0.05 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.07). The firm had revenue of $6.56 billion for the quarter, compared to analysts’ expectations of $5.02 billion. Lloyds Banking Group had a net margin of 18.04% and a return on equity of 8.38%. On average, equities analysts forecast that Lloyds Banking Group PLC will post 0.27 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

LYG has been the topic of several recent analyst reports. Keefe, Bruyette & Woods upgraded shares of Lloyds Banking Group from a “hold” rating to a “moderate buy” rating in a report on Thursday, July 17th. The Goldman Sachs Group upgraded shares of Lloyds Banking Group from a “neutral” rating to a “buy” rating in a report on Tuesday, August 5th. Wall Street Zen cut shares of Lloyds Banking Group from a “buy” rating to a “hold” rating in a report on Monday, October 20th. JPMorgan Chase & Co. upgraded shares of Lloyds Banking Group from an “underweight” rating to a “neutral” rating in a report on Friday, August 1st. Finally, Zacks Research lowered Lloyds Banking Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 23rd. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Lloyds Banking Group currently has a consensus rating of “Moderate Buy”.

Lloyds Banking Group Company Profile

Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial services in the United Kingdom and internationally. It operates in three segments: Retail; Commercial Banking; and Insurance, Pensions and Investments. The Retail segment offers a range of financial service products, including current accounts, savings, mortgages, motor finance, unsecured loans, leasing solutions, and credit cards to personal customers.