QRG Capital Management Inc. Has $7.78 Million Holdings in Lloyds Banking Group PLC $LYG

QRG Capital Management Inc. increased its stake in shares of Lloyds Banking Group PLC (NYSE:LYG) by 8.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,546,048 shares of the financial services provider’s stock after buying an additional 124,472 shares during the quarter. QRG Capital Management Inc.’s holdings in Lloyds Banking Group were worth $7,777,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Tucker Asset Management LLC acquired a new position in Lloyds Banking Group during the fourth quarter worth $27,000. Harbour Investments Inc. grew its holdings in shares of Lloyds Banking Group by 47.3% in the 4th quarter. Harbour Investments Inc. now owns 6,386 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 2,051 shares during the last quarter. Eagle Bay Advisors LLC bought a new stake in shares of Lloyds Banking Group in the 4th quarter worth about $35,000. Manchester Capital Management LLC increased its position in shares of Lloyds Banking Group by 1,216.6% during the 4th quarter. Manchester Capital Management LLC now owns 8,163 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 7,543 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in Lloyds Banking Group by 162.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 11,724 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 7,253 shares during the last quarter. Institutional investors and hedge funds own 2.15% of the company’s stock.

Analyst Upgrades and Downgrades

LYG has been the topic of several research analyst reports. Citigroup reaffirmed a “buy” rating on shares of Lloyds Banking Group in a research note on Thursday, April 30th. Weiss Ratings lowered Lloyds Banking Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. Wall Street Zen downgraded Lloyds Banking Group from a “buy” rating to a “hold” rating in a research report on Saturday. Morgan Stanley reaffirmed an “overweight” rating on shares of Lloyds Banking Group in a report on Tuesday. Finally, UBS Group upgraded shares of Lloyds Banking Group from a “neutral” rating to a “buy” rating in a research report on Thursday, April 30th. Seven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Lloyds Banking Group Price Performance

LYG opened at $6.07 on Friday. The company has a fifty day moving average price of $5.45 and a two-hundred day moving average price of $5.45. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.56 and a current ratio of 0.56. The firm has a market capitalization of $88.70 billion, a PE ratio of 13.78, a P/E/G ratio of 0.61 and a beta of 0.87. Lloyds Banking Group PLC has a 52 week low of $4.05 and a 52 week 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. Lloyds Banking Group had a return on equity of 10.63% and a net margin of 25.11%.The business had revenue of $6.87 billion during the quarter. As a group, analysts anticipate that Lloyds Banking Group PLC will post 0.53 earnings per share for the current year.

About Lloyds Banking Group

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.