Cerity Partners LLC Increases Stock Holdings in Lloyds Banking Group PLC (NYSE:LYG)

Cerity Partners LLC raised its holdings in Lloyds Banking Group PLC (NYSE:LYG - Free Report) by 10.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 691,684 shares of the financial services provider's stock after acquiring an additional 65,225 shares during the quarter. Cerity Partners LLC's holdings in Lloyds Banking Group were worth $2,642,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of LYG. Bank of New York Mellon Corp raised its stake in shares of Lloyds Banking Group by 1.3% during the 4th quarter. Bank of New York Mellon Corp now owns 801,712 shares of the financial services provider's stock worth $2,181,000 after buying an additional 9,945 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Lloyds Banking Group by 6.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,126,422 shares of the financial services provider's stock worth $3,064,000 after buying an additional 70,838 shares during the last quarter. Natixis Advisors LLC raised its stake in shares of Lloyds Banking Group by 1.2% during the 4th quarter. Natixis Advisors LLC now owns 1,474,286 shares of the financial services provider's stock worth $4,010,000 after buying an additional 17,387 shares during the last quarter. TD Private Client Wealth LLC raised its stake in shares of Lloyds Banking Group by 1,830.6% during the 4th quarter. TD Private Client Wealth LLC now owns 18,939 shares of the financial services provider's stock worth $52,000 after buying an additional 17,958 shares during the last quarter. Finally, Quantbot Technologies LP raised its stake in Lloyds Banking Group by 389.2% in the 4th quarter. Quantbot Technologies LP now owns 133,398 shares of the financial services provider's stock valued at $363,000 after purchasing an additional 106,128 shares during the last quarter. Institutional investors and hedge funds own 2.15% of the company's stock.

Lloyds Banking Group Stock Up 1.6%

NYSE:LYG traded up $0.07 during trading hours on Monday, reaching $4.25. 9,463,332 shares of the stock were exchanged, compared to its average volume of 18,416,104. Lloyds Banking Group PLC has a twelve month low of $2.56 and a twelve month high of $4.30. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.53 and a quick ratio of 0.53. The firm has a 50 day moving average of $4.15 and a 200 day moving average of $3.69. The stock has a market cap of $63.70 billion, a PE ratio of 12.13, a PEG ratio of 0.88 and a beta of 0.99.

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 for the quarter, beating analysts' consensus estimates of $0.08 by $0.03. Lloyds Banking Group had a return on equity of 8.62% and a net margin of 14.39%. The business had revenue of $5.91 billion for the quarter, compared to analysts' expectations of $4.78 billion. On average, equities analysts expect that Lloyds Banking Group PLC will post 0.27 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on LYG shares. Keefe, Bruyette & Woods upgraded shares of Lloyds Banking Group from a "hold" rating to a "moderate buy" rating in a report on Thursday. HSBC raised shares of Lloyds Banking Group from a "hold" rating to a "buy" rating in a research report on Tuesday, April 1st. Finally, Wall Street Zen upgraded Lloyds Banking Group from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th. 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 company. According to MarketBeat.com, the company has a consensus rating of "Hold".

Lloyds Banking Group Company 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.