Wealth Enhancement Advisory Services LLC Has $223,000 Position in Lloyds Banking Group PLC (NYSE:LYG)

Wealth Enhancement Advisory Services LLC lowered its holdings in shares of Lloyds Banking Group PLC (NYSE:LYG - Free Report) by 53.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,445 shares of the financial services provider's stock after selling 66,780 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Lloyds Banking Group were worth $223,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Crux Wealth Advisors bought 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 fourth quarter valued at $31,000. SBI Securities Co. Ltd. bought a new position in shares of Lloyds Banking Group during the fourth quarter valued at $34,000. Jackson Thornton Wealth Management LLC bought a new position in shares of Lloyds Banking Group during the fourth quarter valued at $34,000. Finally, Huntington National Bank lifted its holdings in shares of Lloyds Banking Group by 282.7% during the fourth quarter. Huntington National Bank now owns 13,787 shares of the financial services provider's stock valued at $38,000 after acquiring an additional 10,184 shares during the period. Institutional investors and hedge funds own 2.15% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Hsbc Global Res raised Lloyds Banking Group to a "strong-buy" rating in a report on Thursday, March 20th. HSBC raised Lloyds Banking Group from a "hold" rating to a "buy" rating in a report on Tuesday, April 1st. 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, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Lloyds Banking Group has an average rating of "Hold".

Lloyds Banking Group Trading Down 1.3%

NYSE:LYG traded down $0.06 on Friday, hitting $4.11. 6,338,632 shares of the stock were exchanged, compared to its average volume of 18,395,590. The stock has a market capitalization of $61.82 billion, a price-to-earnings ratio of 11.73, a P/E/G ratio of 0.87 and a beta of 0.99. 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 company's 50-day moving average price is $4.12 and its 200 day moving average price is $3.62.

Lloyds Banking Group (NYSE:LYG - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The financial services provider reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.03. The firm 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%. On average, equities research analysts forecast that Lloyds Banking Group PLC will post 0.27 earnings per share 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.