Tower Research Capital LLC TRC Takes $210,000 Position in Lloyds Banking Group PLC (NYSE:LYG)

Tower Research Capital LLC TRC acquired a new stake in shares of Lloyds Banking Group PLC (NYSE:LYG) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 74,183 shares of the financial services provider’s stock, valued at approximately $210,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in LYG. MML Investors Services LLC raised its stake in Lloyds Banking Group by 1.3% during the first quarter. MML Investors Services LLC now owns 302,118 shares of the financial services provider’s stock worth $970,000 after purchasing an additional 3,919 shares during the period. Lourd Capital LLC raised its position in Lloyds Banking Group by 44.9% during the 2nd quarter. Lourd Capital LLC now owns 15,824 shares of the financial services provider’s stock worth $45,000 after buying an additional 4,900 shares during the last quarter. Oppenheimer Asset Management Inc. raised its position in Lloyds Banking Group by 0.3% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 1,833,458 shares of the financial services provider’s stock worth $5,207,000 after buying an additional 4,938 shares during the last quarter. Cornerstone Advisors Inc. raised its position in Lloyds Banking Group by 69.3% during the 1st quarter. Cornerstone Advisors Inc. now owns 13,935 shares of the financial services provider’s stock worth $45,000 after buying an additional 5,702 shares during the last quarter. Finally, Advisory Services Network LLC raised its position in Lloyds Banking Group by 33.8% during the 2nd quarter. Advisory Services Network LLC now owns 25,075 shares of the financial services provider’s stock worth $71,000 after buying an additional 6,339 shares during the last quarter. Hedge funds and other institutional investors own 2.01% of the company’s stock.

A number of equities analysts have commented on the stock. Keefe, Bruyette & Woods downgraded shares of Lloyds Banking Group from a “market perform” rating to an “underperform” rating in a research report on Thursday, September 5th. Goldman Sachs Group cut shares of Lloyds Banking Group from a “neutral” rating to a “sell” rating in a research note on Thursday, September 12th. Zacks Investment Research raised shares of Lloyds Banking Group from a “sell” rating to a “hold” rating in a research note on Wednesday, September 18th. Deutsche Bank cut shares of Lloyds Banking Group from a “buy” rating to a “hold” rating in a research note on Friday, September 6th. Finally, JPMorgan Chase & Co. cut shares of Lloyds Banking Group from an “overweight” rating to a “neutral” rating in a research note on Tuesday, July 16th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. Lloyds Banking Group presently has a consensus rating of “Hold” and a consensus price target of $3.75.

NYSE LYG traded down $0.03 during trading hours on Monday, reaching $2.67. The company’s stock had a trading volume of 2,513,664 shares, compared to its average volume of 5,200,722. The stock has a market cap of $46.60 billion, a PE ratio of 8.09 and a beta of 1.04. Lloyds Banking Group PLC has a fifty-two week low of $2.30 and a fifty-two week high of $3.46. The company’s 50-day moving average is $2.44 and its two-hundred day moving average is $2.91. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.49 and a current ratio of 1.49.

Lloyds Banking Group (NYSE:LYG) last issued its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $0.12 EPS for the quarter. The firm had revenue of $5.99 billion for the quarter. Lloyds Banking Group had a net margin of 23.57% and a return on equity of 15.86%. Equities analysts expect that Lloyds Banking Group PLC will post 0.36 earnings per share for the current fiscal year.

Lloyds Banking Group Company Profile

Lloyds Banking Group plc provides banking and financial services under the Lloyds Bank, Halifax, Bank of Scotland, and Scottish Widows brands in the United Kingdom and internationally. It operates through three segments: Retail, Commercial Banking, and Insurance and Wealth. The Retail segment offers a range of financial service products, including current accounts, savings accounts, mortgages, motor finance, unsecured consumer loans, leasing solutions, and credit cards to personal and small business customers.

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Institutional Ownership by Quarter for Lloyds Banking Group (NYSE:LYG)

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