Lloyds Banking Group PLC (NYSE:LYG) Shares Sold by Morningstar Investment Services LLC

Morningstar Investment Services LLC lowered its position in shares of Lloyds Banking Group PLC (NYSE:LYG - Free Report) by 57.0% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 435,473 shares of the financial services provider's stock after selling 577,769 shares during the quarter. Morningstar Investment Services LLC's holdings in Lloyds Banking Group were worth $1,664,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of LYG. Bank of New York Mellon Corp raised its position in Lloyds Banking Group by 1.3% during the 4th quarter. Bank of New York Mellon Corp now owns 801,712 shares of the financial services provider's stock worth $2,181,000 after buying an additional 9,945 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Lloyds Banking Group by 6.7% during the 4th 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 last quarter. Raymond James Financial Inc. purchased a new position in Lloyds Banking Group during the 4th quarter worth $11,226,000. Natixis Advisors LLC raised its position in Lloyds Banking Group by 1.2% during the 4th quarter. Natixis Advisors LLC now owns 1,474,286 shares of the financial services provider's stock worth $4,010,000 after buying an additional 17,387 shares during the last quarter. Finally, TD Private Client Wealth LLC raised its position in Lloyds Banking Group by 1,830.6% during the 4th quarter. TD Private Client Wealth LLC now owns 18,939 shares of the financial services provider's stock worth $52,000 after buying an additional 17,958 shares during the last quarter. Hedge funds and other institutional investors own 2.15% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on LYG. Keefe, Bruyette & Woods raised shares of Lloyds Banking Group from a "hold" rating to a "moderate buy" rating in a research note on Thursday. Wall Street Zen raised shares of Lloyds Banking Group from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th. Finally, HSBC raised shares of Lloyds Banking Group from a "hold" rating to a "buy" rating in a research note on Tuesday, April 1st. Six 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. According to MarketBeat, the stock currently has an average rating of "Hold".

Lloyds Banking Group Price Performance

NYSE LYG traded down $0.05 during trading hours on Friday, reaching $4.17. The company's stock had a trading volume of 8,487,041 shares, compared to its average volume of 18,452,059. The stock has a market cap of $62.80 billion, a PE ratio of 11.91, a PEG ratio of 0.88 and a beta of 0.99. Lloyds Banking Group PLC has a fifty-two week low of $2.56 and a fifty-two week high of $4.30. The company's 50-day moving average is $4.15 and its two-hundred day moving average is $3.68. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.53 and a current ratio of 0.53.

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 EPS for the quarter, beating analysts' consensus estimates of $0.08 by $0.03. The firm had revenue of $5.91 billion for the quarter, compared to analysts' expectations of $4.78 billion. Lloyds Banking Group had a net margin of 14.39% and a return on equity of 8.62%. Analysts forecast 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.