GAMMA Investing LLC Has $840,000 Stock Holdings in Lloyds Banking Group PLC (NYSE:LYG)

GAMMA Investing LLC increased its position in shares of Lloyds Banking Group PLC (NYSE:LYG - Free Report) by 374.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 219,814 shares of the financial services provider's stock after buying an additional 173,496 shares during the quarter. GAMMA Investing LLC's holdings in Lloyds Banking Group were worth $840,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Independent Advisor Alliance lifted its holdings in Lloyds Banking Group by 4.8% during the 4th quarter. Independent Advisor Alliance now owns 75,049 shares of the financial services provider's stock worth $204,000 after buying an additional 3,420 shares in the last quarter. Rehmann Capital Advisory Group lifted its holdings in Lloyds Banking Group by 9.9% during the 4th quarter. Rehmann Capital Advisory Group now owns 38,339 shares of the financial services provider's stock worth $104,000 after buying an additional 3,451 shares in the last quarter. OneDigital Investment Advisors LLC lifted its holdings in Lloyds Banking Group by 3.5% during the 4th quarter. OneDigital Investment Advisors LLC now owns 109,799 shares of the financial services provider's stock worth $299,000 after buying an additional 3,728 shares in the last quarter. Retirement Planning Co of New England Inc. lifted its stake in shares of Lloyds Banking Group by 24.3% in the 4th quarter. Retirement Planning Co of New England Inc. now owns 20,552 shares of the financial services provider's stock valued at $56,000 after purchasing an additional 4,022 shares during the period. Finally, Fielder Capital Group LLC lifted its stake in shares of Lloyds Banking Group by 7.7% in the 4th quarter. Fielder Capital Group LLC now owns 60,993 shares of the financial services provider's stock valued at $166,000 after purchasing an additional 4,366 shares during the period. 2.15% of the stock is owned by institutional investors and hedge funds.

Lloyds Banking Group Trading Down 2.5%

Shares of NYSE:LYG opened at $4.12 on Wednesday. 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 cap of $61.97 billion, a PE ratio of 11.76, a P/E/G ratio of 1.05 and a beta of 1.01. The business has a 50 day moving average of $3.99 and a 200-day moving average of $3.46. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.62.

Lloyds Banking Group (NYSE:LYG - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The financial services provider reported $0.11 earnings per share (EPS) for the quarter, topping 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 company had revenue of $5.91 billion during the quarter, compared to analysts' expectations of $4.78 billion. As a group, equities research analysts forecast that Lloyds Banking Group PLC will post 0.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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