Personal CFO Solutions LLC Has $92,000 Stock Holdings in Lloyds Banking Group PLC $LYG

Personal CFO Solutions LLC lowered its position in Lloyds Banking Group PLC (NYSE:LYG) by 39.3% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 21,666 shares of the financial services provider’s stock after selling 14,029 shares during the quarter. Personal CFO Solutions LLC’s holdings in Lloyds Banking Group were worth $92,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Riversedge Advisors LLC increased its position in Lloyds Banking Group by 10.5% in the 2nd quarter. Riversedge Advisors LLC now owns 25,680 shares of the financial services provider’s stock valued at $109,000 after acquiring an additional 2,433 shares during the period. Drive Wealth Management LLC increased 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 purchasing an additional 2,599 shares during the period. Brighton Jones LLC raised its position in Lloyds Banking Group by 16.2% during the 2nd quarter. Brighton Jones LLC now owns 18,778 shares of the financial services provider’s stock worth $80,000 after purchasing an additional 2,613 shares during the last quarter. Cetera Trust Company N.A raised its position in Lloyds Banking Group by 2.7% during the 2nd quarter. Cetera Trust Company N.A now owns 99,725 shares of the financial services provider’s stock worth $424,000 after purchasing an additional 2,650 shares during the last quarter. Finally, Savvy Advisors Inc. lifted its holdings in Lloyds Banking Group by 16.9% during the 1st quarter. Savvy Advisors Inc. now owns 21,345 shares of the financial services provider’s stock worth $82,000 after buying an additional 3,080 shares during the period. 2.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Zacks Research downgraded Lloyds Banking Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 23rd. Citigroup reissued a “neutral” rating on shares of Lloyds Banking Group in a research report on Monday, September 22nd. JPMorgan Chase & Co. upgraded shares of Lloyds Banking Group from an “underweight” rating to a “neutral” rating in a research report on Friday, August 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Lloyds Banking Group in a research note on Friday, October 31st. Finally, Morgan Stanley reissued an “overweight” rating on shares of Lloyds Banking Group in a research note on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Lloyds Banking Group currently has a consensus rating of “Moderate Buy”.

Lloyds Banking Group Price Performance

Shares of LYG opened at $4.61 on Monday. The firm has a market cap of $68.17 billion, a PE ratio of 13.17, a price-to-earnings-growth ratio of 0.65 and a beta of 1.05. Lloyds Banking Group PLC has a 52-week low of $2.56 and a 52-week high of $5.05. The business’s 50 day moving average price is $4.61 and its two-hundred day moving average price is $4.38. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.53 and a current ratio of 0.55.

Lloyds Banking Group (NYSE:LYG) last released its quarterly earnings data on Thursday, October 23rd. The financial services provider reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.07). The company had revenue of $6.56 billion during the quarter, compared to the consensus estimate 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 anticipate that Lloyds Banking Group PLC will post 0.27 EPS for the current year.

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.