Park Avenue Securities LLC Increases Holdings in Lloyds Banking Group plc (NYSE:LYG)

Park Avenue Securities LLC raised its stake in shares of Lloyds Banking Group plc (NYSE:LYG) by 65.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 478,335 shares of the financial services provider’s stock after buying an additional 189,458 shares during the quarter. Park Avenue Securities LLC’s holdings in Lloyds Banking Group were worth $1,827,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in LYG. Sivia Capital Partners LLC increased its holdings in shares of Lloyds Banking Group by 15.4% in the 1st quarter. Sivia Capital Partners LLC now owns 77,154 shares of the financial services provider’s stock worth $295,000 after purchasing an additional 10,318 shares in the last quarter. Alliance Wealth Advisors LLC increased its holdings in shares of Lloyds Banking Group by 6.2% in the 1st quarter. Alliance Wealth Advisors LLC now owns 66,417 shares of the financial services provider’s stock worth $254,000 after purchasing an additional 3,890 shares in the last quarter. Procyon Advisors LLC increased its holdings in shares of Lloyds Banking Group by 38.1% in the 1st quarter. Procyon Advisors LLC now owns 42,042 shares of the financial services provider’s stock worth $161,000 after purchasing an additional 11,588 shares in the last quarter. Breakwater Capital Group increased its holdings in shares of Lloyds Banking Group by 17.7% in the 1st quarter. Breakwater Capital Group now owns 21,006 shares of the financial services provider’s stock worth $80,000 after purchasing an additional 3,153 shares in the last quarter. Finally, HF Advisory Group LLC increased its holdings in shares of Lloyds Banking Group by 3.4% in the 1st quarter. HF Advisory Group LLC now owns 354,746 shares of the financial services provider’s stock worth $1,355,000 after purchasing an additional 11,718 shares in the last quarter. Hedge funds and other institutional investors own 2.15% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. HSBC raised Lloyds Banking Group from a “hold” rating to a “buy” rating in a report on Tuesday, April 1st. Keefe, Bruyette & Woods lowered Lloyds Banking Group from an “outperform” rating to a “market perform” rating in a report on Tuesday, March 11th. Morgan Stanley raised Lloyds Banking Group from an “equal weight” rating to an “overweight” rating in a report on Tuesday, March 4th. Hsbc Global Res raised Lloyds Banking Group to a “strong-buy” rating in a report on Thursday, March 20th. Finally, Wall Street Zen raised Lloyds Banking Group from a “sell” rating to a “hold” rating in a report on Tuesday, May 13th. Seven analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold”.

Lloyds Banking Group Stock Performance

LYG opened at $4.12 on Wednesday. The stock’s 50 day moving average price is $3.91 and its 200-day moving average price is $3.40. The stock has a market cap of $61.87 billion, a price-to-earnings ratio of 12.47 and a beta of 1.01. Lloyds Banking Group plc has a one year low of $2.56 and a one year high of $4.30.

Lloyds Banking Group (NYSE:LYG) last posted its earnings results on Thursday, May 1st. The financial services provider reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.03. Lloyds Banking Group had a return on equity of 8.46% and a net margin of 11.45%. The company had revenue of $5.91 billion during the quarter, compared to analyst estimates of $4.78 billion. As a group, analysts predict that Lloyds Banking Group plc will post 0.27 earnings per share for the current fiscal year.

Lloyds Banking Group 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.