GAMMA Investing LLC Boosts Stock Position in Lloyds Banking Group PLC (NYSE:LYG)

GAMMA Investing LLC lifted its position in Lloyds Banking Group PLC (NYSE:LYG - Free Report) by 374.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 219,814 shares of the financial services provider's stock after purchasing an additional 173,496 shares during the quarter. GAMMA Investing LLC's holdings in Lloyds Banking Group were worth $840,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

Several analysts recently commented on LYG shares. Keefe, Bruyette & Woods lowered Lloyds Banking Group from an "outperform" rating to a "market perform" rating in a report on Tuesday, March 11th. Morgan Stanley raised Lloyds Banking Group from an "equal weight" rating to an "overweight" rating in a report on Tuesday, March 4th. HSBC raised Lloyds Banking Group from a "hold" rating to a "buy" rating in a report on Tuesday, April 1st. Hsbc Global Res raised Lloyds Banking Group to a "strong-buy" rating in a report on Thursday, March 20th. Finally, Wall Street Zen raised Lloyds Banking Group from a "sell" rating to a "hold" rating in a report on Tuesday, May 13th. Seven investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Lloyds Banking Group presently has an average rating of "Hold".

Lloyds Banking Group Price Performance

Shares of Lloyds Banking Group stock traded down $0.08 on Friday, reaching $4.10. The company's stock had a trading volume of 14,628,033 shares, compared to its average volume of 18,329,257. The company has a market capitalization of $61.67 billion, a P/E ratio of 11.70, a PEG ratio of 0.87 and a beta of 1.01. Lloyds Banking Group PLC has a 52-week low of $2.56 and a 52-week high of $4.30. The stock has a 50-day moving average price of $4.02 and a 200-day moving average price of $3.49. 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 posted its quarterly earnings data on Thursday, May 1st. The financial services provider reported $0.11 EPS for the quarter, beating analysts' consensus estimates of $0.08 by $0.03. The business had revenue of $5.91 billion during the quarter, compared to analysts' expectations of $4.78 billion. Lloyds Banking Group had a return on equity of 8.62% and a net margin of 14.39%. Analysts expect that Lloyds Banking Group PLC will post 0.27 EPS for the current year.

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.