Cypress Wealth Services LLC Cuts Stake in Lloyds Banking Group plc (NYSE:LYG)

Cypress Wealth Services LLC reduced its stake in shares of Lloyds Banking Group plc (NYSE:LYG) by 12.9% in the first quarter, HoldingsChannel reports. The institutional investor owned 93,049 shares of the financial services provider’s stock after selling 13,814 shares during the period. Cypress Wealth Services LLC’s holdings in Lloyds Banking Group were worth $241,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in LYG. Naples Money Management LLC purchased a new position in Lloyds Banking Group during the fourth quarter worth $25,000. TCG Advisory Services LLC purchased a new position in Lloyds Banking Group during the fourth quarter worth $25,000. Atria Wealth Solutions Inc. purchased a new position in Lloyds Banking Group during the fourth quarter worth $26,000. D Orazio & Associates Inc. purchased a new position in Lloyds Banking Group during the fourth quarter worth $26,000. Finally, Riversedge Advisors LLC purchased a new position in Lloyds Banking Group during the fourth quarter worth $27,000. 2.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on LYG shares. Berenberg Bank started coverage on Lloyds Banking Group in a research report on Thursday, April 25th. They set a “hold” rating and a $2.75 target price for the company. Deutsche Bank Aktiengesellschaft started coverage on Lloyds Banking Group in a research report on Thursday, May 9th. They set a “buy” rating for the company. Finally, Bank of America upgraded Lloyds Banking Group from a “neutral” rating to a “buy” rating in a research report on Thursday, March 21st. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $52.55.

Lloyds Banking Group Stock Up 1.4 %

Lloyds Banking Group stock traded up $0.04 during trading hours on Thursday, reaching $2.82. The stock had a trading volume of 17,179,521 shares, compared to its average volume of 9,093,656. The company has a market cap of $44.33 billion, a price-to-earnings ratio of 7.39, a PEG ratio of 1.17 and a beta of 1.33. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.48 and a quick ratio of 1.48. The business’s 50 day moving average price is $2.71 and its 200-day moving average price is $2.47. Lloyds Banking Group plc has a 52 week low of $1.88 and a 52 week high of $2.87.

Lloyds Banking Group (NYSE:LYG) last announced its earnings results on Wednesday, April 24th. The financial services provider reported $0.09 EPS for the quarter. The business had revenue of $14.35 billion during the quarter. Lloyds Banking Group had a net margin of 13.41% and a return on equity of 10.35%. Sell-side analysts anticipate that Lloyds Banking Group plc will post 0.32 EPS for the current year.

Lloyds Banking Group 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.