Personal CFO Solutions LLC Buys 99,543 Shares of Lloyds Banking Group PLC $LYG

Personal CFO Solutions LLC lifted its stake in Lloyds Banking Group PLC (NYSE:LYG) by 507.5% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 119,159 shares of the financial services provider’s stock after purchasing an additional 99,543 shares during the quarter. Personal CFO Solutions LLC’s holdings in Lloyds Banking Group were worth $599,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of LYG. Tucker Asset Management LLC purchased a new position in Lloyds Banking Group during the fourth quarter worth $27,000. Harbour Investments Inc. raised its stake in shares of Lloyds Banking Group by 47.3% in the fourth quarter. Harbour Investments Inc. now owns 6,386 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 2,051 shares during the period. Eagle Bay Advisors LLC purchased a new stake in shares of Lloyds Banking Group in the fourth quarter valued at $35,000. Manchester Capital Management LLC lifted its holdings in shares of Lloyds Banking Group by 1,216.6% in the 4th quarter. Manchester Capital Management LLC now owns 8,163 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 7,543 shares during the last quarter. Finally, Brown Brothers Harriman & Co. boosted its stake in shares of Lloyds Banking Group by 149.6% during the 4th quarter. Brown Brothers Harriman & Co. now owns 9,523 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 5,707 shares during the period. Hedge funds and other institutional investors own 2.15% of the company’s stock.

Analyst Upgrades and Downgrades

LYG has been the topic of a number of recent analyst reports. Morgan Stanley reissued an “overweight” rating on shares of Lloyds Banking Group in a research report on Tuesday, June 30th. Berenberg Bank initiated coverage on Lloyds Banking Group in a research report on Wednesday, June 24th. They set a “hold” rating for the company. Citigroup reiterated a “buy” rating on shares of Lloyds Banking Group in a report on Thursday, April 30th. Wall Street Zen lowered Lloyds Banking Group from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Finally, Weiss Ratings cut Lloyds Banking Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 11th. Seven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Lloyds Banking Group Price Performance

NYSE LYG opened at $5.96 on Friday. The company has a market cap of $87.16 billion, a PE ratio of 13.55, a P/E/G ratio of 0.61 and a beta of 0.87. The firm’s 50 day moving average price is $5.51 and its 200-day moving average price is $5.48. 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 $4.05 and a 52-week high of $6.34.

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