Van Diest Capital LLC Has $636,000 Stake in Lloyds Banking Group PLC $LYG

Van Diest Capital LLC boosted its holdings in Lloyds Banking Group PLC (NYSE:LYG) by 372.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 126,384 shares of the financial services provider’s stock after buying an additional 99,659 shares during the quarter. Van Diest Capital LLC’s holdings in Lloyds Banking Group were worth $636,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tucker Asset Management LLC acquired a new position in shares of Lloyds Banking Group in the 4th quarter worth approximately $27,000. Cornerstone Planning Group LLC increased its holdings in Lloyds Banking Group by 131.2% in the first quarter. Cornerstone Planning Group LLC now owns 5,137 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 2,915 shares in the last quarter. Harbour Investments Inc. boosted its stake in Lloyds Banking Group by 47.3% during the fourth quarter. Harbour Investments Inc. now owns 6,386 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 2,051 shares in the last quarter. Eagle Bay Advisors LLC bought a new stake in Lloyds Banking Group in the fourth quarter valued at $35,000. Finally, Manchester Capital Management LLC raised its holdings in shares of Lloyds Banking Group by 1,216.6% during the fourth quarter. Manchester Capital Management LLC now owns 8,163 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 7,543 shares during the period. 2.15% of the stock is currently owned by institutional investors and hedge funds.

Lloyds Banking Group Price Performance

Shares of LYG opened at $6.03 on Friday. Lloyds Banking Group PLC has a fifty-two week low of $4.05 and a fifty-two week high of $6.34. The firm’s 50-day simple moving average is $5.67 and its two-hundred day simple moving average is $5.53. The stock has a market cap of $87.77 billion, a PE ratio of 13.69, a price-to-earnings-growth ratio of 0.62 and a beta of 0.87. 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 (NYSE:LYG) last posted its 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 business had revenue of $6.87 billion for the quarter. Analysts anticipate that Lloyds Banking Group PLC will post 0.53 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on LYG. UBS Group raised Lloyds Banking Group from a “neutral” rating to a “buy” rating in a report on Thursday, April 30th. Morgan Stanley reissued an “overweight” rating on shares of Lloyds Banking Group in a research report on Tuesday, June 30th. Wall Street Zen cut Lloyds Banking Group from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Keefe, Bruyette & Woods lowered Lloyds Banking Group from a “moderate buy” rating to a “hold” rating in a report on Friday, July 17th. Finally, Weiss Ratings lowered Lloyds Banking Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 11th. Seven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock 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.