Signaturefd LLC Acquires 13,993 Shares of Lloyds Banking Group plc (NYSE:LYG)

Signaturefd LLC raised its stake in Lloyds Banking Group plc (NYSE:LYG) by 5.0% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 295,146 shares of the financial services provider’s stock after acquiring an additional 13,993 shares during the period. Signaturefd LLC’s holdings in Lloyds Banking Group were worth $921,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Park Avenue Securities LLC lifted its position in Lloyds Banking Group by 5.8% in the 1st quarter. Park Avenue Securities LLC now owns 131,417 shares of the financial services provider’s stock valued at $340,000 after acquiring an additional 7,182 shares in the last quarter. Brookstone Capital Management boosted its position in shares of Lloyds Banking Group by 12.1% during the first quarter. Brookstone Capital Management now owns 38,516 shares of the financial services provider’s stock worth $100,000 after buying an additional 4,167 shares during the period. Kathmere Capital Management LLC grew its holdings in shares of Lloyds Banking Group by 153.5% during the first quarter. Kathmere Capital Management LLC now owns 89,069 shares of the financial services provider’s stock worth $231,000 after buying an additional 53,927 shares in the last quarter. Vicus Capital acquired a new stake in Lloyds Banking Group in the 1st quarter valued at approximately $79,000. Finally, AlphaMark Advisors LLC lifted its stake in Lloyds Banking Group by 97.9% in the 1st quarter. AlphaMark Advisors LLC now owns 22,867 shares of the financial services provider’s stock valued at $59,000 after acquiring an additional 11,315 shares in the last quarter. Institutional investors and hedge funds own 2.15% of the company’s stock.

Lloyds Banking Group Stock Up 2.5 %

Shares of LYG stock opened at $3.24 on Friday. Lloyds Banking Group plc has a 52-week low of $1.88 and a 52-week high of $3.24. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.48 and a current ratio of 1.45. The stock has a market cap of $50.64 billion, a price-to-earnings ratio of 8.53 and a beta of 1.34. The firm’s 50-day moving average is $3.07 and its 200-day moving average is $2.88.

Lloyds Banking Group (NYSE:LYG) last released its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.09 earnings per share (EPS) for the quarter. Lloyds Banking Group had a return on equity of 10.34% and a net margin of 12.40%. The firm had revenue of $9.55 billion for the quarter. Sell-side analysts predict that Lloyds Banking Group plc will post 0.32 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on LYG shares. BNP Paribas upgraded shares of Lloyds Banking Group from a “neutral” rating to an “outperform” rating in a report on Friday, July 5th. The Goldman Sachs Group began coverage on shares of Lloyds Banking Group in a research report on Friday, October 4th. They set a “neutral” rating on the stock. Kepler Capital Markets began coverage on Lloyds Banking Group in a report on Thursday, September 5th. They issued a “hold” rating for the company. Citigroup lowered Lloyds Banking Group from a “buy” rating to a “neutral” rating in a report on Monday, August 5th. Finally, Royal Bank of Canada downgraded Lloyds Banking Group from an “outperform” rating to a “sector perform” rating in a research note on Friday, July 26th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $2.75.

About Lloyds Banking Group

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.