Vise Technologies Inc. Invests $680,000 in Lloyds Banking Group PLC $LYG

Vise Technologies Inc. bought a new position in Lloyds Banking Group PLC (NYSE:LYG) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 128,362 shares of the financial services provider’s stock, valued at approximately $680,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Mesirow Financial Investment Management Inc. grew its holdings in shares of Lloyds Banking Group by 7.7% in the third quarter. Mesirow Financial Investment Management Inc. now owns 28,561 shares of the financial services provider’s stock worth $130,000 after purchasing an additional 2,040 shares during the last quarter. Harbour Investments Inc. boosted its holdings in Lloyds Banking Group by 47.3% in the fourth quarter. Harbour Investments Inc. now owns 6,386 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 2,051 shares in the last quarter. Xponance Inc. boosted its holdings in Lloyds Banking Group by 14.7% in the third quarter. Xponance Inc. now owns 17,992 shares of the financial services provider’s stock valued at $82,000 after acquiring an additional 2,302 shares in the last quarter. Prime Capital Investment Advisors LLC boosted its holdings in Lloyds Banking Group by 6.3% in the third quarter. Prime Capital Investment Advisors LLC now owns 42,739 shares of the financial services provider’s stock valued at $194,000 after acquiring an additional 2,535 shares in the last quarter. Finally, Sanctuary Advisors LLC boosted its holdings in Lloyds Banking Group by 1.3% in the fourth quarter. Sanctuary Advisors LLC now owns 195,055 shares of the financial services provider’s stock valued at $1,034,000 after acquiring an additional 2,598 shares in the last quarter. Institutional investors own 2.15% of the company’s stock.

Lloyds Banking Group Stock Performance

Shares of Lloyds Banking Group stock opened at $5.16 on Thursday. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 2.09. The firm has a market capitalization of $75.39 billion, a P/E ratio of 11.72, a P/E/G ratio of 0.54 and a beta of 0.87. The business has a fifty day simple moving average of $5.36 and a two-hundred day simple moving average of $5.37. Lloyds Banking Group PLC has a 12 month low of $3.98 and a 12 month high of $6.34.

Lloyds Banking Group (NYSE:LYG) last announced its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $0.13 EPS for the quarter. The business had revenue of $6.87 billion during the quarter. Lloyds Banking Group had a return on equity of 10.63% and a net margin of 25.11%. On average, equities analysts forecast that Lloyds Banking Group PLC will post 0.53 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on LYG. Wall Street Zen upgraded shares of Lloyds Banking Group from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Weiss Ratings cut shares of Lloyds Banking Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 11th. Citigroup reiterated a “buy” rating on shares of Lloyds Banking Group in a report on Thursday, April 30th. Finally, UBS Group upgraded shares of Lloyds Banking Group from a “neutral” rating to a “buy” rating in a report on Thursday, April 30th. Seven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Lloyds Banking Group Profile

Lloyds Banking Group plc is a UK-based banking and financial services company that provides a broad range of retail, commercial and insurance products. Its principal consumer-facing brands include Lloyds Bank, Halifax and Bank of Scotland, through which it offers current accounts, savings, mortgages, credit cards and personal loans. The group also delivers services to small and medium-sized enterprises (SMEs) and larger corporate clients, supplying business accounts, lending, payments and cash-management solutions.

In addition to core banking, Lloyds operates a significant wealth and insurance arm under the Scottish Widows brand, offering life insurance, pensions, investment and retirement planning products.