Aegis Wealth Management LLC Purchases New Shares in Lloyds Banking Group plc (NYSE:LYG)

Aegis Wealth Management LLC bought a new stake in Lloyds Banking Group plc (NYSE:LYG - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 98,975 shares of the financial services provider's stock, valued at approximately $269,000.

Several other institutional investors and hedge funds also recently made changes to their positions in LYG. Arrowstreet Capital Limited Partnership grew its position in Lloyds Banking Group by 11.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 26,669,053 shares of the financial services provider's stock valued at $72,540,000 after buying an additional 2,713,559 shares during the period. Dimensional Fund Advisors LP grew its position in Lloyds Banking Group by 2.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 16,404,259 shares of the financial services provider's stock valued at $44,620,000 after buying an additional 453,326 shares during the period. Northern Trust Corp grew its position in Lloyds Banking Group by 34.7% during the fourth quarter. Northern Trust Corp now owns 15,604,325 shares of the financial services provider's stock valued at $42,444,000 after buying an additional 4,021,039 shares during the period. Millennium Management LLC boosted its position in Lloyds Banking Group by 225.0% during the fourth quarter. Millennium Management LLC now owns 7,098,940 shares of the financial services provider's stock worth $19,309,000 after purchasing an additional 4,914,680 shares during the period. Finally, American Century Companies Inc. boosted its position in Lloyds Banking Group by 10.1% during the fourth quarter. American Century Companies Inc. now owns 6,611,908 shares of the financial services provider's stock worth $17,984,000 after purchasing an additional 604,924 shares during the period. Hedge funds and other institutional investors own 2.15% of the company's stock.

Lloyds Banking Group Price Performance

Shares of NYSE LYG remained flat at $4.21 during midday trading on Friday. 17,036,291 shares of the stock traded hands, compared to its average volume of 18,001,895. Lloyds Banking Group plc has a 12-month low of $2.56 and a 12-month high of $4.30. The stock has a market capitalization of $63.30 billion, a PE ratio of 12.76 and a beta of 0.97. The company has a 50-day moving average price of $3.86 and a two-hundred day moving average price of $3.34.

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

Analysts Set New Price Targets

LYG has been the subject of a number of analyst reports. Wall Street Zen upgraded shares of Lloyds Banking Group from a "sell" rating to a "hold" rating in a research report on Tuesday, May 13th. Morgan Stanley raised shares of Lloyds Banking Group from an "equal weight" rating to an "overweight" rating in a research note on Tuesday, March 4th. HSBC raised shares of Lloyds Banking Group from a "hold" rating to a "buy" rating in a research note on Tuesday, April 1st. Keefe, Bruyette & Woods downgraded shares of Lloyds Banking Group from an "outperform" rating to a "market perform" rating in a research note on Tuesday, March 11th. Finally, Hsbc Global Res raised shares of Lloyds Banking Group to a "strong-buy" rating in a research note on Thursday, March 20th. Seven analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Lloyds Banking Group has an average rating of "Hold".

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.