Envestnet Asset Management Inc. Increases Stock Position in Lloyds Banking Group PLC (NYSE:LYG)

Envestnet Asset Management Inc. boosted its position in Lloyds Banking Group PLC (NYSE:LYG - Free Report) by 9.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,492,898 shares of the financial services provider's stock after acquiring an additional 863,347 shares during the quarter. Envestnet Asset Management Inc. owned 0.07% of Lloyds Banking Group worth $40,083,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. May Hill Capital LLC purchased a new position in Lloyds Banking Group in the 4th quarter worth $227,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Lloyds Banking Group by 6.7% in the fourth 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 period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Lloyds Banking Group by 119.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 125,225 shares of the financial services provider's stock valued at $341,000 after acquiring an additional 68,064 shares during the last quarter. Quantbot Technologies LP boosted its holdings in Lloyds Banking Group by 389.2% during the 4th quarter. Quantbot Technologies LP now owns 133,398 shares of the financial services provider's stock valued at $363,000 after acquiring an additional 106,128 shares during the period. Finally, Raymond James Financial Inc. bought a new position in Lloyds Banking Group during the 4th quarter worth approximately $11,226,000. Hedge funds and other institutional investors own 2.15% of the company's stock.

Analyst Upgrades and Downgrades

LYG has been the subject of several recent research reports. Hsbc Global Res upgraded Lloyds Banking Group to a "strong-buy" rating in a research report on Thursday, March 20th. 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 shares of Lloyds Banking Group from a "sell" rating to a "hold" rating in a research report on Tuesday, May 13th. Seven equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold".

Lloyds Banking Group Trading Down 0.8%

NYSE:LYG traded down $0.04 during trading hours on Tuesday, hitting $4.10. The company had a trading volume of 1,822,276 shares, compared to its average volume of 25,604,799. 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 stock has a 50-day moving average price of $4.13 and a 200 day moving average price of $3.65. The company has a market capitalization of $61.67 billion, a PE ratio of 11.70, a price-to-earnings-growth ratio of 0.86 and a beta of 0.99. Lloyds Banking Group PLC has a 52 week low of $2.56 and a 52 week high of $4.30.

Lloyds Banking Group (NYSE:LYG - Get Free Report) last announced its 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 net margin of 14.39% and a return on equity of 8.62%. The firm had revenue of $5.91 billion for the quarter, compared to analyst estimates of $4.78 billion. On average, equities research analysts predict 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.