ProVise Management Group LLC Has $62,000 Position in Lloyds Banking Group plc (NYSE:LYG)

ProVise Management Group LLC lessened its holdings in shares of Lloyds Banking Group plc (NYSE:LYG) by 27.4% in the first quarter, according to its most recent filing with the SEC. The firm owned 23,801 shares of the financial services provider’s stock after selling 9,000 shares during the period. ProVise Management Group LLC’s holdings in Lloyds Banking Group were worth $62,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Naples Money Management LLC acquired a new stake in Lloyds Banking Group in the 4th quarter valued at about $25,000. TCG Advisory Services LLC acquired a new position in shares of Lloyds Banking Group during the fourth quarter worth $25,000. Atria Wealth Solutions Inc. bought a new position in Lloyds Banking Group during the fourth quarter worth $26,000. D Orazio & Associates Inc. bought a new position in Lloyds Banking Group during the fourth quarter worth $26,000. Finally, Riversedge Advisors LLC bought a new stake in Lloyds Banking Group in the fourth quarter valued at $27,000. Institutional investors and hedge funds own 2.15% of the company’s stock.

Lloyds Banking Group Trading Up 0.3 %

LYG stock traded up $0.01 during mid-day trading on Friday, reaching $3.03. 8,694,331 shares of the stock traded hands, compared to its average volume of 8,799,038. The stock has a market capitalization of $47.36 billion, a PE ratio of 7.97, a PEG ratio of 1.28 and a beta of 1.35. Lloyds Banking Group plc has a one year low of $1.88 and a one year high of $3.06. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.48 and a current ratio of 1.48. The business has a 50-day moving average price of $2.83 and a two-hundred day moving average price of $2.54.

Lloyds Banking Group (NYSE:LYG) last announced its earnings results on Wednesday, April 24th. The financial services provider reported $0.09 EPS for the quarter. Lloyds Banking Group had a net margin of 13.41% and a return on equity of 10.35%. The business had revenue of $14.35 billion during the quarter. Equities research analysts expect that Lloyds Banking Group plc will post 0.32 EPS for the current year.

Analysts Set New Price Targets

LYG has been the topic of several research reports. BNP Paribas raised shares of Lloyds Banking Group from a “neutral” rating to an “outperform” rating in a research report on Friday, July 5th. Deutsche Bank Aktiengesellschaft started coverage on shares of Lloyds Banking Group in a research note on Thursday, May 9th. They issued a “buy” rating for the company. Finally, Berenberg Bank began coverage on shares of Lloyds Banking Group in a research report on Thursday, April 25th. They set a “hold” rating and a $2.75 price target for the company. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Lloyds Banking Group has a consensus rating of “Moderate Buy” and an average target price of $44.25.

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.