Janney Montgomery Scott LLC Has $15.66 Million Stock Holdings in Lloyds Banking Group PLC $LYG

Janney Montgomery Scott LLC lifted its holdings in shares of Lloyds Banking Group PLC (NYSE:LYG) by 2,413.7% in the first quarter, Holdings Channel.com reports. The institutional investor owned 3,113,464 shares of the financial services provider’s stock after acquiring an additional 2,989,604 shares during the period. Janney Montgomery Scott LLC’s holdings in Lloyds Banking Group were worth $15,661,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Royal Bank of Canada lifted its holdings in shares of Lloyds Banking Group by 10.6% in the first 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 last quarter. 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 valued at $1,006,000 after purchasing an additional 145,772 shares during the last quarter. Jane Street Group LLC increased its position in 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 Lloyds Banking Group by 162.2% during the 1st 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 in the last quarter. Finally, Acadian Asset Management LLC bought a new position in Lloyds Banking Group in the 1st quarter valued at approximately $639,000. 2.15% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LYG has been the topic of a number of research reports. Berenberg Bank began coverage on shares of Lloyds Banking Group in a research note on Wednesday, June 24th. They set a “hold” rating on the stock. UBS Group raised Lloyds Banking Group from a “neutral” rating to a “buy” rating in a report on Thursday, April 30th. Weiss Ratings cut Lloyds Banking Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 11th. Wall Street Zen raised Lloyds Banking Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Finally, Morgan Stanley restated an “overweight” rating on shares of Lloyds Banking Group in a report on Tuesday. Seven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Lloyds Banking Group Price Performance

Shares of NYSE:LYG opened at $5.83 on Wednesday. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.56 and a current ratio of 0.56. Lloyds Banking Group PLC has a 52 week low of $3.98 and a 52 week high of $6.34. The firm has a market cap of $85.33 billion, a PE ratio of 13.26, a price-to-earnings-growth ratio of 0.58 and a beta of 0.87. The firm’s fifty day moving average is $5.42 and its 200-day moving average is $5.43.

Lloyds Banking Group (NYSE:LYG) last posted its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $0.13 earnings per share for the quarter. The business had revenue of $6.87 billion during the quarter. Lloyds Banking Group had a return on equity of 10.63% and a net margin of 25.11%. Sell-side analysts predict that Lloyds Banking Group PLC will post 0.53 earnings per share for the current year.

Lloyds Banking Group 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.