BNP Paribas Financial Markets Has $429,000 Stock Position in Lloyds Banking Group plc (NYSE:LYG)

BNP Paribas Financial Markets lessened its stake in Lloyds Banking Group plc (NYSE:LYG - Free Report) by 52.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 157,614 shares of the financial services provider's stock after selling 174,036 shares during the period. BNP Paribas Financial Markets' holdings in Lloyds Banking Group were worth $429,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in Lloyds Banking Group in the fourth quarter worth about $11,226,000. Northern Trust Corp raised its position in Lloyds Banking Group by 34.7% in the fourth quarter. Northern Trust Corp now owns 15,604,325 shares of the financial services provider's stock worth $42,444,000 after purchasing an additional 4,021,039 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in Lloyds Banking Group by 11.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 26,669,053 shares of the financial services provider's stock worth $72,540,000 after purchasing an additional 2,713,559 shares in the last quarter. Norges Bank acquired a new stake in shares of Lloyds Banking Group during the fourth quarter worth approximately $5,440,000. Finally, Assetmark Inc. raised its stake in shares of Lloyds Banking Group by 3,120.8% in the fourth quarter. Assetmark Inc. now owns 640,202 shares of the financial services provider's stock valued at $1,741,000 after acquiring an additional 620,325 shares during the last quarter. Institutional investors own 2.15% of the company's stock.

Wall Street Analysts Forecast Growth

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

Lloyds Banking Group Stock Down 2.6%

NYSE:LYG traded down $0.11 during trading hours on Wednesday, hitting $4.18. 17,446,127 shares of the stock were exchanged, compared to its average volume of 17,831,268. The company's 50 day moving average is $3.84 and its two-hundred day moving average is $3.31. Lloyds Banking Group plc has a twelve month low of $2.56 and a twelve month high of $4.30. The company has a market capitalization of $63.25 billion, a P/E ratio of 12.67 and a beta of 0.97.

Lloyds Banking Group (NYSE:LYG - Get Free Report) last issued its earnings results on Thursday, May 1st. The financial services provider reported $0.11 EPS for the quarter, beating the consensus estimate of $0.08 by $0.03. Lloyds Banking Group had a net margin of 11.45% and a return on equity of 8.46%. The company had revenue of $5.91 billion during the quarter, compared to analysts' expectations of $4.78 billion. On average, equities research 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.