Janney Capital Management LLC Has $12.13 Million Stock Position in Lloyds Banking Group PLC (NYSE:LYG)

Janney Capital Management LLC lessened its holdings in shares of Lloyds Banking Group PLC (NYSE:LYG - Free Report) by 32.3% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 3,174,021 shares of the financial services provider's stock after selling 1,511,711 shares during the period. Janney Capital Management LLC's holdings in Lloyds Banking Group were worth $12,125,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership grew its holdings in Lloyds Banking Group by 11.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 26,669,053 shares of the financial services provider's stock worth $72,540,000 after acquiring an additional 2,713,559 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Lloyds Banking Group by 2.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 16,404,259 shares of the financial services provider's stock valued at $44,620,000 after purchasing an additional 453,326 shares in the last quarter. Northern Trust Corp lifted its holdings 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 buying an additional 4,021,039 shares in the last quarter. Millennium Management LLC boosted its position in Lloyds Banking Group by 225.0% in 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 buying an additional 4,914,680 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in shares of Lloyds Banking Group by 10.1% in the 4th quarter. American Century Companies Inc. now owns 6,611,908 shares of the financial services provider's stock valued at $17,984,000 after buying an additional 604,924 shares during the period. 2.15% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Wall Street Zen upgraded Lloyds Banking Group from a "sell" rating to a "hold" rating in a report on Tuesday, May 13th. Hsbc Global Res raised shares of Lloyds Banking Group to a "strong-buy" rating in a research note on Thursday, March 20th. Morgan Stanley raised shares of Lloyds Banking Group from an "equal weight" rating to an "overweight" rating in a research note on Tuesday, March 4th. HSBC raised Lloyds Banking Group from a "hold" rating to a "buy" rating in a research note on Tuesday, April 1st. Finally, Keefe, Bruyette & Woods cut Lloyds Banking Group from an "outperform" rating to a "market perform" rating in a research note on Tuesday, March 11th. Seven investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Lloyds Banking Group currently has a consensus rating of "Hold".

Lloyds Banking Group Trading Up 1.1%

NYSE:LYG traded up $0.05 during trading hours on Thursday, hitting $4.17. The stock had a trading volume of 20,676,437 shares, compared to its average volume of 18,256,616. The business's 50 day moving average is $4.00 and its 200-day moving average is $3.46. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.53 and a current ratio of 0.53. The company has a market cap of $62.73 billion, a price-to-earnings ratio of 11.90, a P/E/G ratio of 0.87 and a beta of 1.01. Lloyds Banking Group PLC has a one year low of $2.56 and a one year high of $4.30.

Lloyds Banking Group (NYSE:LYG - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The financial services provider reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.03. The company had revenue of $5.91 billion during the quarter, compared to analyst estimates of $4.78 billion. Lloyds Banking Group had a net margin of 14.39% and a return on equity of 8.62%. Sell-side analysts anticipate 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.