Simon Quick Advisors LLC Takes Position in Lloyds Banking Group plc (NYSE:LYG)

Simon Quick Advisors LLC bought a new position in shares of Lloyds Banking Group plc (NYSE:LYG) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 12,687 shares of the financial services provider’s stock, valued at approximately $35,000.

Several other hedge funds and other institutional investors have also modified their holdings of LYG. Aletheian Wealth Advisors LLC acquired a new position in Lloyds Banking Group during the third quarter worth $34,000. Insigneo Advisory Services LLC acquired a new stake in shares of Lloyds Banking Group during the 2nd quarter worth about $42,000. Arkadios Wealth Advisors bought a new position in Lloyds Banking Group during the 3rd quarter valued at about $42,000. Lazari Capital Management Inc. acquired a new position in Lloyds Banking Group in the second quarter valued at about $46,000. Finally, OneAscent Financial Services LLC bought a new stake in Lloyds Banking Group during the third quarter worth about $46,000. Institutional investors own 2.15% of the company’s stock.

Analyst Ratings Changes

LYG has been the subject of a number of research analyst reports. Morgan Stanley cut shares of Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, October 30th. The Goldman Sachs Group assumed coverage on Lloyds Banking Group in a research report on Friday, October 4th. They issued a “neutral” rating for the company. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Lloyds Banking Group has a consensus rating of “Hold” and an average target price of $2.75.

Lloyds Banking Group Price Performance

LYG opened at $3.06 on Friday. The company’s 50 day simple moving average is $2.74 and its 200-day simple moving average is $2.91. Lloyds Banking Group plc has a one year low of $2.00 and a one year high of $3.24. The stock has a market capitalization of $46.29 billion, a P/E ratio of 7.83 and a beta of 1.31.

Lloyds Banking Group (NYSE:LYG) last announced its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $0.10 EPS for the quarter. The firm had revenue of $10.41 billion for the quarter. Lloyds Banking Group had a return on equity of 9.81% and a net margin of 10.89%. During the same quarter in the previous year, the business posted $0.10 earnings per share. As a group, analysts anticipate that Lloyds Banking Group plc will post 0.33 EPS for the current year.

About Lloyds Banking Group

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.