Raymond James Trust N.A. raised its holdings in Lloyds Banking Group PLC (NYSE:LYG) by 12.4% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 84,151 shares of the financial services provider’s stock after buying an additional 9,254 shares during the quarter. Raymond James Trust N.A.’s holdings in Lloyds Banking Group were worth $239,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Comerica Securities Inc. lifted its holdings in Lloyds Banking Group by 56.7% during the 4th quarter. Comerica Securities Inc. now owns 26,703 shares of the financial services provider’s stock valued at $68,000 after buying an additional 9,661 shares in the last quarter. United Services Automobile Association raised its holdings in shares of Lloyds Banking Group by 8.6% in the 4th quarter. United Services Automobile Association now owns 247,201 shares of the financial services provider’s stock valued at $633,000 after purchasing an additional 19,513 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Lloyds Banking Group by 3.7% in the 4th quarter. Geode Capital Management LLC now owns 241,942 shares of the financial services provider’s stock valued at $618,000 after purchasing an additional 8,625 shares in the last quarter. RMB Capital Management LLC raised its holdings in shares of Lloyds Banking Group by 10.5% in the 4th quarter. RMB Capital Management LLC now owns 74,528 shares of the financial services provider’s stock valued at $191,000 after purchasing an additional 7,055 shares in the last quarter. Finally, Barclays PLC raised its holdings in shares of Lloyds Banking Group by 7,383.8% in the 4th quarter. Barclays PLC now owns 153,418 shares of the financial services provider’s stock valued at $393,000 after purchasing an additional 151,368 shares in the last quarter. 1.94% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have recently issued reports on LYG shares. Davy Research raised shares of Lloyds Banking Group from a “neutral” rating to an “outperform” rating in a research report on Tuesday, May 28th. Keefe, Bruyette & Woods raised shares of AEGON from an “underperform” rating to a “market perform” rating in a research report on Tuesday, May 28th. JPMorgan Chase & Co. set a €50.00 ($58.14) price objective on shares of Brenntag and gave the stock a “buy” rating in a research report on Tuesday, July 16th. Bank of America raised shares of Royal Bank of Scotland Group from an “underperform” rating to a “neutral” rating in a research report on Thursday, April 18th. Finally, Zacks Investment Research downgraded shares of ExlService from a “hold” rating to a “sell” rating in a research report on Wednesday, July 10th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $3.75.

NYSE:LYG remained flat at $$2.81 during trading hours on Tuesday. 3,422,385 shares of the company’s stock traded hands, compared to its average volume of 3,622,664. The stock has a market capitalization of $50.67 billion, a PE ratio of 8.52 and a beta of 1.04. Lloyds Banking Group PLC has a 12 month low of $2.43 and a 12 month high of $3.46. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 2.18. The business’s 50-day moving average price is $2.87.

Lloyds Banking Group (NYSE:LYG) last released its earnings results on Thursday, May 2nd. The financial services provider reported $0.14 earnings per share for the quarter. The company had revenue of $5.98 billion for the quarter. Lloyds Banking Group had a net margin of 23.77% and a return on equity of 16.28%. On average, research analysts forecast that Lloyds Banking Group PLC will post 0.43 EPS for the current fiscal year.

About Lloyds Banking Group

Lloyds Banking Group plc provides banking and financial services under the Lloyds Bank, Halifax, Bank of Scotland, and Scottish Widows brands in the United Kingdom and internationally. It operates through three segments: Retail, Commercial Banking, and Insurance and Wealth. The Retail segment offers a range of financial service products, including current accounts, savings accounts, mortgages, motor finance, unsecured consumer loans, leasing solutions, and credit cards to personal and small business customers.

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Institutional Ownership by Quarter for Lloyds Banking Group (NYSE:LYG)

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