AMG National Trust Bank Cuts Stock Holdings in Lloyds Banking Group PLC (NYSE:LYG)

AMG National Trust Bank lowered its position in Lloyds Banking Group PLC (NYSE:LYG - Free Report) by 40.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 592,510 shares of the financial services provider's stock after selling 409,972 shares during the period. AMG National Trust Bank's holdings in Lloyds Banking Group were worth $2,263,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership grew its stake in shares of 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 last quarter. Dimensional Fund Advisors LP increased its position in shares of Lloyds Banking Group by 2.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 16,404,259 shares of the financial services provider's stock valued at $44,620,000 after acquiring an additional 453,326 shares during the period. Northern Trust Corp grew its position in Lloyds Banking Group by 34.7% during the 4th quarter. Northern Trust Corp now owns 15,604,325 shares of the financial services provider's stock worth $42,444,000 after purchasing an additional 4,021,039 shares during the period. Envestnet Asset Management Inc. grew its position in Lloyds Banking Group by 9.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 10,492,898 shares of the financial services provider's stock worth $40,083,000 after purchasing an additional 863,347 shares during the period. Finally, Millennium Management LLC grew its position in shares of Lloyds Banking Group by 225.0% during the 4th quarter. Millennium Management LLC now owns 7,098,940 shares of the financial services provider's stock valued at $19,309,000 after acquiring an additional 4,914,680 shares during the period. Institutional investors own 2.15% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on LYG. Wall Street Zen raised shares of Lloyds Banking Group from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th. Keefe, Bruyette & Woods raised shares of Lloyds Banking Group from a "hold" rating to a "moderate buy" rating in a research report on Thursday, July 17th. Finally, HSBC upgraded shares of Lloyds Banking Group from a "hold" rating to a "buy" rating in a report on Tuesday, April 1st. Six analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Lloyds Banking Group currently has an average rating of "Hold".

Lloyds Banking Group Stock Performance

LYG traded up $0.01 on Tuesday, reaching $4.25. The company had a trading volume of 7,720,442 shares, compared to its average volume of 18,374,000. Lloyds Banking Group PLC has a 1 year low of $2.56 and a 1 year high of $4.30. The stock has a market capitalization of $63.70 billion, a PE ratio of 12.13, a P/E/G ratio of 0.88 and a beta of 0.99. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.62. The stock has a 50-day moving average price of $4.15 and a 200-day moving average price of $3.69.

Lloyds Banking Group (NYSE:LYG - Get Free Report) last posted its quarterly 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. Lloyds Banking Group had a net margin of 14.39% and a return on equity of 8.62%. The firm had revenue of $5.91 billion during the quarter, compared to analysts' expectations of $4.78 billion. As a group, research analysts forecast that Lloyds Banking Group PLC will post 0.27 EPS for the current fiscal year.

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.