Schroder Investment Management Group acquired a new position in shares of Lloyds Banking Group PLC (NYSE:LYG) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 8,735 shares of the financial services provider’s stock, valued at approximately $25,000.

Other institutional investors have also recently added to or reduced their stakes in the company. SRS Capital Advisors Inc. acquired a new stake in Lloyds Banking Group in the second quarter worth $50,000. Sawtooth Solutions LLC bought a new position in shares of Lloyds Banking Group during the 2nd quarter valued at about $99,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Lloyds Banking Group by 1,744.4% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,337,399 shares of the financial services provider’s stock valued at $3,798,000 after purchasing an additional 1,264,888 shares in the last quarter. Semmax Financial Advisors Inc. grew its position in shares of Lloyds Banking Group by 192.4% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 389,596 shares of the financial services provider’s stock valued at $1,106,000 after purchasing an additional 256,337 shares during the period. Finally, Wells Fargo & Company MN grew its position in shares of Lloyds Banking Group by 8.5% in the 2nd quarter. Wells Fargo & Company MN now owns 7,459,354 shares of the financial services provider’s stock valued at $21,184,000 after purchasing an additional 583,343 shares during the period. 2.01% of the stock is currently owned by institutional investors and hedge funds.

LYG has been the subject of a number of research reports. Keefe, Bruyette & Woods cut Lloyds Banking Group from a “market perform” rating to an “underperform” rating in a research note on Thursday, September 5th. JPMorgan Chase & Co. cut shares of Lloyds Banking Group from an “overweight” rating to a “neutral” rating in a research report on Tuesday, July 16th. Deutsche Bank downgraded Lloyds Banking Group from a “buy” rating to a “hold” rating in a research note on Friday, September 6th. Zacks Investment Research lowered Lloyds Banking Group from a “hold” rating to a “sell” rating in a report on Tuesday, September 3rd. Finally, Davy Research raised Lloyds Banking Group from a “neutral” rating to an “outperform” rating in a research report on Tuesday, May 28th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $3.75.

Shares of NYSE LYG traded down $0.04 during mid-day trading on Wednesday, hitting $2.55. The company had a trading volume of 81,409 shares, compared to its average volume of 5,630,793. The company has a market capitalization of $45.37 billion, a PE ratio of 7.73 and a beta of 1.04. The firm has a 50-day simple moving average of $2.45 and a two-hundred day simple moving average of $2.94. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 2.36. Lloyds Banking Group PLC has a one year low of $2.30 and a one year high of $3.46.

Lloyds Banking Group (NYSE:LYG) last released its earnings results on Wednesday, July 31st. The financial services provider reported $0.12 earnings per share (EPS) for the quarter. Lloyds Banking Group had a return on equity of 15.86% and a net margin of 23.57%. The business had revenue of $5.99 billion for the quarter. Sell-side analysts expect that Lloyds Banking Group PLC will post 0.36 earnings per share for the current fiscal year.

Lloyds Banking Group Profile

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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