Lloyds Banking Group (NYSE:LYG) Coverage Initiated at Berenberg Bank

Equities research analysts at Berenberg Bank assumed coverage on shares of Lloyds Banking Group (NYSE:LYG) in a report released on Wednesday. The brokerage set a “hold” rating on the financial services provider’s stock.

LYG has been the topic of a number of other research reports. Citigroup reiterated a “buy” rating on shares of Lloyds Banking Group in a report on Thursday, April 30th. Weiss Ratings downgraded Lloyds Banking Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 11th. UBS Group upgraded shares of Lloyds Banking Group from a “neutral” rating to a “buy” rating in a research report on Thursday, April 30th. Finally, Wall Street Zen upgraded Lloyds Banking Group from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Seven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Lloyds Banking Group has an average rating of “Moderate Buy”.

Lloyds Banking Group Stock Down 0.2%

Shares of NYSE LYG opened at $5.73 on Wednesday. The company has a market cap of $83.80 billion, a price-to-earnings ratio of 13.02, a PEG ratio of 0.58 and a beta of 0.87. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 2.09. The stock has a 50-day moving average price of $5.41 and a two-hundred day moving average price of $5.41. Lloyds Banking Group has a 12 month low of $3.98 and a 12 month 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. 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 during the quarter. As a group, analysts forecast that Lloyds Banking Group will post 0.53 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Fisher Asset Management LLC grew its stake in shares of Lloyds Banking Group by 0.9% during the 4th quarter. Fisher Asset Management LLC now owns 151,258,982 shares of the financial services provider’s stock worth $801,673,000 after acquiring an additional 1,300,718 shares during the period. WCM Investment Management LLC bought a new stake in Lloyds Banking Group during the 1st quarter worth approximately $128,228,000. CIBC Private Wealth Group LLC boosted its stake in Lloyds Banking Group by 4.8% during the fourth quarter. CIBC Private Wealth Group LLC now owns 14,802,992 shares of the financial services provider’s stock valued at $78,456,000 after buying an additional 673,473 shares during the period. Northern Trust Corp boosted its position in shares of Lloyds Banking Group by 3.9% during the 3rd quarter. Northern Trust Corp now owns 14,279,272 shares of the financial services provider’s stock valued at $64,828,000 after acquiring an additional 541,501 shares during the last quarter. Finally, CIBC Bancorp USA Inc. purchased a new position in Lloyds Banking Group in the 3rd quarter worth approximately $63,928,000. Institutional investors own 2.15% of the company’s stock.

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.