AMG National Trust Bank Reduces Position in Lloyds Banking Group PLC $LYG

Key Points

• AMG National Trust Bank slashed its stake in Lloyds by 91.6% in Q4, selling 417,676 shares and retaining 38,263 shares worth about $203,000.
• Lloyds reported a Q1 pretax profit of £2.025bn (≈+33% y/y) and beat EPS estimates ($0.13 vs. $0.11); management kept full-year guidance, citing higher lending income and improved margins.
• Analyst sentiment is positive overall—Weiss, Citigroup and Deutsche Bank issued upgrades or supportive notes, and MarketBeat shows an average rating of Moderate Buy (seven Buys, three Holds).

AMG National Trust Bank reduced its holdings in shares of Lloyds Banking Group PLC (NYSE:LYG - Free Report) by 91.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 38,263 shares of the financial services provider's stock after selling 417,676 shares during the period. AMG National Trust Bank's holdings in Lloyds Banking Group were worth $203,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Anchyra Partners LLC purchased a new position in Lloyds Banking Group during the 4th quarter worth $273,000. D.A. Davidson & CO. grew its position in Lloyds Banking Group by 44.1% during the 4th quarter. D.A. Davidson & CO. now owns 22,241 shares of the financial services provider's stock worth $118,000 after purchasing an additional 6,803 shares during the last quarter. Simon Quick Advisors LLC purchased a new position in Lloyds Banking Group during the 4th quarter worth $54,000. Sanctuary Advisors LLC grew its position in Lloyds Banking Group by 1.3% during the 4th quarter. Sanctuary Advisors LLC now owns 195,055 shares of the financial services provider's stock worth $1,034,000 after purchasing an additional 2,598 shares during the last quarter. Finally, Concurrent Investment Advisors LLC grew its position in Lloyds Banking Group by 69.4% during the 4th quarter. Concurrent Investment Advisors LLC now owns 40,583 shares of the financial services provider's stock worth $215,000 after purchasing an additional 16,628 shares during the last quarter. 2.15% of the stock is owned by hedge funds and other institutional investors.

Lloyds Banking Group Price Performance

LYG stock opened at $5.25 on Thursday. The firm has a 50 day moving average of $5.33 and a 200-day moving average of $5.24. Lloyds Banking Group PLC has a 12-month low of $3.74 and a 12-month high of $6.34. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 1.84. The company has a market cap of $77.28 billion, a price-to-earnings ratio of 12.49, a PEG ratio of 0.58 and a beta of 0.89.

Lloyds Banking Group (NYSE:LYG - Get Free Report) last posted its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $0.13 earnings per share (EPS) for the quarter. Lloyds Banking Group had a net margin of 24.30% and a return on equity of 10.06%. The company had revenue of $6.87 billion during the quarter. As a group, equities analysts expect that Lloyds Banking Group PLC will post 0.53 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

LYG has been the topic of several analyst reports. Weiss Ratings upgraded Lloyds Banking Group from a "hold (c)" rating to a "buy (b-)" rating in a research note on Tuesday, February 17th. Citigroup upgraded Lloyds Banking Group from a "neutral" rating to a "buy" rating in a research note on Thursday, April 9th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Lloyds Banking Group in a research note on Tuesday, February 3rd. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, Lloyds Banking Group has an average rating of "Moderate Buy".

Lloyds Banking Group News Summary

Here are the key news stories impacting Lloyds Banking Group this week:

• Positive Sentiment: Q1 beats and higher profits: Lloyds reported Q1 pretax profit of £2.025bn (up ~33% year-over-year), beat consensus EPS ($0.13 vs $0.11) and modestly topped revenue expectations (£/USD ~6.87bn vs est. 6.83bn); management cited higher lending income and improved margins as drivers. Britain's Lloyds Bank reports first-quarter profit rise of 33%
• Positive Sentiment: Management keeps full-year guidance and says the group is on track to meet performance goals — a signal that the beat is not one-off and that operating momentum (cost discipline + lending growth) should continue to support earnings. Lloyds flags strong start to 2026 and sticks to full-year guidance
• Neutral Sentiment: Company released a formal Q1 Interim Management Statement with operational detail — useful for modeling NII, margins and cost assumptions but no change to guidance. Lloyds Bank plc: 2026 Q1 Interim Management Statement
• Neutral Sentiment: Analyst materials and the earnings call/slide deck are available for deeper read-through (useful for investors assessing sustainability of margin gains and credit trends). View Slide Deck
• Negative Sentiment: Broker caution: Shore Capital reiterated a 'sell' and 91p target, arguing the strong run (≈+34% over 12 months) and current trading at ~1.7x first-quarter tangible NAV make the stock vulnerable if risks (macro, credit, rates) re-emerge. This valuation warning is weighing on the share price despite the beat. Broker repeats 'sell' on Lloyds despite strong first-quarter beat
• Negative Sentiment: Pre-earnings technical pressure and chatter about limited upside if results were already priced in—some market commentators noted the stock found support but remains susceptible to profit-taking after the rally. Lloyds share price finds key support ahead of earnings

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.

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