Goldman Sachs Group Inc. Boosts Stock Position in Lloyds Banking Group plc (NYSE:LYG)

Goldman Sachs Group Inc. grew its stake in shares of Lloyds Banking Group plc (NYSE:LYG) by 5.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,166,362 shares of the financial services provider’s stock after acquiring an additional 1,180,775 shares during the period. Goldman Sachs Group Inc.’s holdings in Lloyds Banking Group were worth $52,978,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. TCG Advisory Services LLC purchased a new stake in shares of Lloyds Banking Group in the fourth quarter worth $25,000. Naples Money Management LLC purchased a new stake in shares of Lloyds Banking Group in the fourth quarter worth $25,000. Atria Wealth Solutions Inc. purchased a new stake in shares of Lloyds Banking Group in the fourth quarter worth $26,000. D Orazio & Associates Inc. purchased a new stake in shares of Lloyds Banking Group in the fourth quarter worth $26,000. Finally, Russell Investments Group Ltd. raised its position in shares of Lloyds Banking Group by 234.3% in the fourth quarter. Russell Investments Group Ltd. now owns 11,105 shares of the financial services provider’s stock worth $27,000 after buying an additional 7,783 shares in the last quarter. Hedge funds and other institutional investors own 2.15% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Berenberg Bank assumed coverage on Lloyds Banking Group in a research report on Thursday, April 25th. They issued a “hold” rating and a $2.75 price objective on the stock. Bank of America upgraded Lloyds Banking Group from a “neutral” rating to a “buy” rating in a research report on Thursday, March 21st. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Lloyds Banking Group in a research note on Thursday, May 9th. They issued a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $52.55.

Lloyds Banking Group Stock Up 0.4 %

Shares of NYSE:LYG opened at $2.76 on Thursday. The stock’s 50-day moving average price is $2.68 and its 200-day moving average price is $2.46. Lloyds Banking Group plc has a 12-month low of $1.88 and a 12-month high of $2.87. The stock has a market capitalization of $43.39 billion, a P/E ratio of 7.26, a price-to-earnings-growth ratio of 1.15 and a beta of 1.33. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 1.82.

Lloyds Banking Group (NYSE:LYG) last posted its earnings results on Wednesday, April 24th. The financial services provider reported $0.09 earnings per share (EPS) for the quarter. Lloyds Banking Group had a return on equity of 10.35% and a net margin of 13.41%. The company had revenue of $14.35 billion for the quarter. On average, equities analysts anticipate that Lloyds Banking Group plc will post 0.32 earnings per share for the current 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.