Traub Capital Management LLC Purchases New Holdings in Lloyds Banking Group PLC $LYG

Traub Capital Management LLC bought a new stake in shares of Lloyds Banking Group PLC (NYSE:LYG) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 64,458 shares of the financial services provider’s stock, valued at approximately $274,000.

Several other institutional investors have also recently added to or reduced their stakes in LYG. Goldman Sachs Group Inc. increased its position in shares of Lloyds Banking Group by 6.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 24,154,117 shares of the financial services provider’s stock worth $92,269,000 after purchasing an additional 1,397,163 shares during the last quarter. Beck Bode LLC bought a new stake in Lloyds Banking Group in the second quarter valued at about $5,254,000. Assetmark Inc. raised its stake in Lloyds Banking Group by 147.2% during the second quarter. Assetmark Inc. now owns 2,028,677 shares of the financial services provider’s stock valued at $8,622,000 after buying an additional 1,207,960 shares in the last quarter. Millennium Management LLC lifted its holdings in Lloyds Banking Group by 15.5% during the 1st quarter. Millennium Management LLC now owns 8,199,299 shares of the financial services provider’s stock worth $31,321,000 after buying an additional 1,100,359 shares during the last quarter. Finally, Focus Partners Wealth increased its holdings in shares of Lloyds Banking Group by 7,365.0% in the 1st quarter. Focus Partners Wealth now owns 817,494 shares of the financial services provider’s stock valued at $3,123,000 after acquiring an additional 806,543 shares during the last quarter. 2.15% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LYG has been the topic of several research analyst reports. Zacks Research cut Lloyds Banking Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 23rd. Kepler Capital Markets upgraded shares of Lloyds Banking Group from a “hold” rating to a “buy” rating in a research report on Thursday, October 9th. Wall Street Zen downgraded shares of Lloyds Banking Group from a “buy” rating to a “hold” rating in a research report on Monday, October 20th. Morgan Stanley reissued an “overweight” rating on shares of Lloyds Banking Group in a report on Monday, August 4th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Lloyds Banking Group in a research report on Tuesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Lloyds Banking Group Stock Up 0.3%

Shares of Lloyds Banking Group stock opened at $4.72 on Wednesday. The company has a debt-to-equity ratio of 1.94, a current ratio of 0.55 and a quick ratio of 0.53. Lloyds Banking Group PLC has a 1-year low of $2.56 and a 1-year high of $5.05. The business’s fifty day moving average price is $4.61 and its two-hundred day moving average price is $4.37. The company has a market capitalization of $69.72 billion, a P/E ratio of 13.47, a PEG ratio of 0.65 and a beta of 1.05.

Lloyds Banking Group (NYSE:LYG) last announced its earnings results on Thursday, October 23rd. The financial services provider reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.07). The company had revenue of $6.56 billion during the quarter, compared to the consensus estimate of $5.02 billion. Lloyds Banking Group had a net margin of 18.04% and a return on equity of 8.38%. As a group, research analysts forecast that Lloyds Banking Group PLC will post 0.27 EPS for the current year.

About Lloyds Banking Group

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.