Ritholtz Wealth Management Reduces Stock Position in Lloyds Banking Group PLC (NYSE:LYG)

Ritholtz Wealth Management decreased its holdings in Lloyds Banking Group PLC (NYSE:LYG - Free Report) by 4.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,186,344 shares of the financial services provider's stock after selling 61,376 shares during the period. Ritholtz Wealth Management's holdings in Lloyds Banking Group were worth $4,532,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Crux Wealth Advisors purchased a new position in shares of Lloyds Banking Group during the fourth quarter valued at $28,000. Focus Partners Wealth bought a new position in shares of Lloyds Banking Group during the 4th quarter worth approximately $31,000. Mesirow Financial Investment Management Inc. purchased a new stake in Lloyds Banking Group during the fourth quarter valued at approximately $32,000. SBI Securities Co. Ltd. purchased a new position in Lloyds Banking Group in the fourth quarter worth $34,000. Finally, Jackson Thornton Wealth Management LLC acquired a new position in shares of Lloyds Banking Group during the fourth quarter worth $34,000. 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 cut Lloyds Banking Group from an "outperform" rating to a "market perform" rating in a research report on Tuesday, March 11th. Hsbc Global Res raised Lloyds Banking Group to a "strong-buy" rating in a report on Thursday, March 20th. HSBC upgraded shares of Lloyds Banking Group from a "hold" rating to a "buy" rating in a report 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 stock. According to MarketBeat.com, Lloyds Banking Group presently has an average rating of "Hold".

Lloyds Banking Group Stock Performance

Shares of Lloyds Banking Group stock traded up $0.05 during trading on Wednesday, hitting $4.17. 20,117,372 shares of the company's stock were exchanged, compared to its average volume of 18,211,522. Lloyds Banking Group PLC has a 52-week low of $2.56 and a 52-week high of $4.30. 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 stock has a market capitalization of $62.73 billion, a price-to-earnings ratio of 11.90, a PEG ratio of 1.05 and a beta of 1.01. The business has a 50-day simple moving average of $3.99 and a 200-day simple moving average of $3.46.

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, topping analysts' consensus estimates of $0.08 by $0.03. Lloyds Banking Group had a net margin of 14.39% and a return on equity of 8.62%. The business had revenue of $5.91 billion for the quarter, compared to analysts' expectations of $4.78 billion. On average, research analysts forecast that Lloyds Banking Group PLC will post 0.27 EPS for the current year.

Lloyds Banking Group 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.