Wealth Enhancement Advisory Services LLC Cuts Holdings in Lloyds Banking Group PLC (NYSE:LYG)

Wealth Enhancement Advisory Services LLC decreased its holdings in shares of Lloyds Banking Group PLC (NYSE:LYG - Free Report) by 53.3% in the 1st quarter, according to its most recent Form 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 period. Wealth Enhancement Advisory Services LLC's holdings in Lloyds Banking Group were worth $223,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Crux Wealth Advisors bought a new stake in Lloyds Banking Group during the fourth quarter worth about $28,000. Focus Partners Wealth bought a new stake in Lloyds Banking Group during the fourth quarter worth about $31,000. SBI Securities Co. Ltd. bought a new stake in Lloyds Banking Group during the fourth quarter worth about $34,000. Jackson Thornton Wealth Management LLC bought a new stake in Lloyds Banking Group during the fourth quarter worth about $34,000. Finally, Huntington National Bank lifted its stake in 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 worth $38,000 after purchasing an additional 10,184 shares during the last quarter. Institutional investors own 2.15% of the company's stock.

Lloyds Banking Group Stock Down 0.1%

LYG stock traded down $0.01 on Thursday, reaching $4.17. 8,394,258 shares of the company traded hands, compared to its average volume of 18,399,622. Lloyds Banking Group PLC has a one year low of $2.56 and a one year high of $4.30. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.53 and a quick ratio of 0.53. The company has a market cap of $62.73 billion, a P/E ratio of 11.90, a price-to-earnings-growth ratio of 0.87 and a beta of 0.99. The firm has a fifty day simple moving average of $4.11 and a 200-day simple moving average of $3.61.

Lloyds Banking Group (NYSE:LYG - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The financial services provider reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.08 by $0.03. Lloyds Banking Group had a return on equity of 8.62% and a net margin of 14.39%. The company had revenue of $5.91 billion during the quarter, compared to analyst estimates of $4.78 billion. Research analysts anticipate that Lloyds Banking Group PLC will post 0.27 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on LYG. HSBC raised Lloyds Banking Group from a "hold" rating to a "buy" rating in a research note on Tuesday, April 1st. Wall Street Zen upgraded Lloyds Banking Group from a "sell" rating to a "hold" rating in a report on Tuesday, May 13th. Finally, Hsbc Global Res upgraded Lloyds Banking Group to a "strong-buy" rating in a report on Thursday, March 20th. Seven 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's stock. According to MarketBeat.com, Lloyds Banking Group presently has a consensus rating of "Hold".

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.