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

Wealth Enhancement Advisory Services LLC lessened its stake in Lloyds Banking Group PLC (NYSE:LYG - Free Report) by 53.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 58,445 shares of the financial services provider's stock after selling 66,780 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Lloyds Banking Group were worth $223,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in LYG. Crux Wealth Advisors bought a new position in shares of Lloyds Banking Group during the 4th quarter valued at $28,000. Focus Partners Wealth bought a new position in shares of Lloyds Banking Group during the 4th quarter valued at $31,000. SBI Securities Co. Ltd. bought a new position in shares of Lloyds Banking Group during the 4th quarter valued at $34,000. Jackson Thornton Wealth Management LLC bought a new position in shares of Lloyds Banking Group during the 4th quarter valued at $34,000. Finally, Huntington National Bank raised its holdings in shares of Lloyds Banking Group by 282.7% during the 4th quarter. Huntington National Bank now owns 13,787 shares of the financial services provider's stock valued at $38,000 after purchasing an additional 10,184 shares in the last quarter. Institutional investors and hedge funds own 2.15% of the company's stock.

Lloyds Banking Group Stock Performance

NYSE LYG traded down $0.07 during midday trading on Friday, hitting $4.09. The company had a trading volume of 9,052,673 shares, compared to its average volume of 18,511,375. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.62. The stock has a market cap of $61.60 billion, a price-to-earnings ratio of 11.69, a P/E/G ratio of 0.86 and a beta of 0.99. The firm has a fifty day simple moving average of $4.12 and a two-hundred day simple moving average of $3.64. Lloyds Banking Group PLC has a fifty-two week low of $2.56 and a fifty-two week high of $4.30.

Lloyds Banking Group (NYSE:LYG - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The financial services provider reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.03. The company had revenue of $5.91 billion for 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%. Equities analysts forecast that Lloyds Banking Group PLC will post 0.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

LYG has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of Lloyds Banking Group from a "sell" rating to a "hold" rating in a report on Tuesday, May 13th. Hsbc Global Res upgraded shares of Lloyds Banking Group to a "strong-buy" rating in a research note on Thursday, March 20th. Finally, HSBC upgraded shares of Lloyds Banking Group from a "hold" rating to a "buy" rating in a research note on Tuesday, April 1st. Seven investment 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's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold".

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.