World Equity Group Inc. Boosts Stock Position in Lloyds Banking Group plc (NYSE:LYG)

World Equity Group Inc. lifted its position in Lloyds Banking Group plc (NYSE:LYG) by 134.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 87,146 shares of the financial services provider’s stock after buying an additional 50,020 shares during the quarter. World Equity Group Inc.’s holdings in Lloyds Banking Group were worth $237,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Aletheian Wealth Advisors LLC purchased a new stake in shares of Lloyds Banking Group in the 3rd quarter valued at $34,000. Brentview Investment Management LLC acquired a new position in Lloyds Banking Group during the 4th quarter worth $31,000. Simon Quick Advisors LLC acquired a new position in Lloyds Banking Group during the 4th quarter worth $35,000. Cerro Pacific Wealth Advisors LLC acquired a new position in Lloyds Banking Group during the 4th quarter worth $37,000. Finally, Arkadios Wealth Advisors acquired a new position in Lloyds Banking Group during the 3rd quarter worth $42,000. Hedge funds and other institutional investors own 2.15% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley cut Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, October 30th. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $2.75.

Lloyds Banking Group Stock Performance

NYSE:LYG opened at $3.40 on Tuesday. The stock has a 50-day simple moving average of $2.92 and a 200-day simple moving average of $2.94. The stock has a market cap of $51.56 billion, a P/E ratio of 10.29 and a beta of 1.31. Lloyds Banking Group plc has a 1 year low of $2.25 and a 1 year high of $3.42.

Lloyds Banking Group (NYSE:LYG) last released its quarterly earnings data on Thursday, February 20th. The financial services provider reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.03). The business had revenue of $9.46 billion for the quarter, compared to analyst estimates of $4.76 billion. Lloyds Banking Group had a return on equity of 8.46% and a net margin of 11.45%. On average, equities research analysts predict that Lloyds Banking Group plc will post 0.27 EPS for the current year.

Lloyds Banking Group Company Profile

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.