Patriot Financial Group Insurance Agency LLC Has $1.96 Million Holdings in Lloyds Banking Group PLC $LYG

Patriot Financial Group Insurance Agency LLC lifted its holdings in shares of Lloyds Banking Group PLC (NYSE:LYG) by 116.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 390,092 shares of the financial services provider’s stock after purchasing an additional 209,846 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in Lloyds Banking Group were worth $1,962,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Royal Bank of Canada increased its stake in Lloyds Banking Group by 10.6% during the 1st quarter. Royal Bank of Canada now owns 1,126,734 shares of the financial services provider’s stock worth $4,305,000 after acquiring an additional 108,100 shares during the period. AQR Capital Management LLC grew its holdings in shares of Lloyds Banking Group by 124.1% during the 1st quarter. AQR Capital Management LLC now owns 263,246 shares of the financial services provider’s stock worth $1,006,000 after purchasing an additional 145,772 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of Lloyds Banking Group by 18.4% during the 1st quarter. Jane Street Group LLC now owns 812,424 shares of the financial services provider’s stock worth $3,103,000 after purchasing an additional 126,247 shares in the last quarter. Geneos Wealth Management Inc. increased its position in shares of Lloyds Banking Group by 162.2% in the first quarter. Geneos Wealth Management Inc. now owns 11,724 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 7,253 shares during the period. Finally, Acadian Asset Management LLC acquired a new position in Lloyds Banking Group in the first quarter valued at about $639,000. 2.15% of the stock is currently owned by institutional investors.

Lloyds Banking Group Price Performance

LYG stock opened at $5.76 on Tuesday. Lloyds Banking Group PLC has a 1 year low of $3.98 and a 1 year high of $6.34. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.56 and a quick ratio of 0.56. The stock has a market cap of $84.31 billion, a price-to-earnings ratio of 13.10, a P/E/G ratio of 0.57 and a beta of 0.87. The company has a 50 day simple moving average of $5.42 and a 200 day simple moving average of $5.43.

Lloyds Banking Group (NYSE:LYG) last announced its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $0.13 earnings per share (EPS) for the quarter. Lloyds Banking Group had a net margin of 25.11% and a return on equity of 10.63%. The company had revenue of $6.87 billion during the quarter. Research analysts anticipate that Lloyds Banking Group PLC will post 0.53 EPS for the current fiscal year.

Analysts Set New Price Targets

LYG has been the topic of a number of analyst reports. Wall Street Zen upgraded shares of Lloyds Banking Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. UBS Group raised shares of Lloyds Banking Group from a “neutral” rating to a “buy” rating in a research note on Thursday, April 30th. Weiss Ratings cut Lloyds Banking Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Berenberg Bank started coverage on Lloyds Banking Group in a report on Wednesday, June 24th. They issued a “hold” rating on the stock. Finally, Citigroup reiterated a “buy” rating on shares of Lloyds Banking Group in a research note on Thursday, April 30th. Seven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Lloyds Banking Group Company Profile

Lloyds Banking Group plc is a UK-based banking and financial services company that provides a broad range of retail, commercial and insurance products. Its principal consumer-facing brands include Lloyds Bank, Halifax and Bank of Scotland, through which it offers current accounts, savings, mortgages, credit cards and personal loans. The group also delivers services to small and medium-sized enterprises (SMEs) and larger corporate clients, supplying business accounts, lending, payments and cash-management solutions.

In addition to core banking, Lloyds operates a significant wealth and insurance arm under the Scottish Widows brand, offering life insurance, pensions, investment and retirement planning products.