Natixis Advisors LLC Cuts Stock Holdings in Lloyds Banking Group PLC $LYG

Natixis Advisors LLC lowered its stake in Lloyds Banking Group PLC (NYSE:LYG) by 22.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,270,284 shares of the financial services provider’s stock after selling 358,181 shares during the quarter. Natixis Advisors LLC’s holdings in Lloyds Banking Group were worth $6,733,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mondrian Investment Partners LTD bought a new stake in shares of Lloyds Banking Group in the third quarter worth about $285,004,000. CIBC Bancorp USA Inc. bought a new position in Lloyds Banking Group during the third quarter valued at approximately $63,928,000. UBS Group AG grew its holdings in Lloyds Banking Group by 53.9% during the 3rd quarter. UBS Group AG now owns 6,614,695 shares of the financial services provider’s stock valued at $30,031,000 after buying an additional 2,317,927 shares in the last quarter. Jane Street Group LLC increased its stake in Lloyds Banking Group by 178.3% in the 2nd quarter. Jane Street Group LLC now owns 2,261,115 shares of the financial services provider’s stock worth $9,610,000 after acquiring an additional 1,448,691 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in shares of Lloyds Banking Group by 17.4% during the 3rd quarter. Millennium Management LLC now owns 8,815,679 shares of the financial services provider’s stock worth $40,023,000 after acquiring an additional 1,309,359 shares in the last quarter. Institutional investors own 2.15% of the company’s stock.

Lloyds Banking Group Stock Performance

NYSE:LYG opened at $5.32 on Monday. The firm has a market capitalization of $77.73 billion, a PE ratio of 12.08, a PEG ratio of 0.54 and a beta of 0.87. The stock’s fifty day moving average is $5.34 and its 200 day moving average is $5.36. Lloyds Banking Group PLC has a fifty-two week low of $3.98 and a fifty-two week high of $6.34. 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 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 company had revenue of $6.87 billion during the quarter. On average, sell-side analysts anticipate that Lloyds Banking Group PLC will post 0.53 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on LYG. Weiss Ratings cut shares of Lloyds Banking Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. Citigroup reiterated a “buy” rating on shares of Lloyds Banking Group in a research report on Thursday, April 30th. Wall Street Zen upgraded shares of Lloyds Banking Group from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Finally, UBS Group upgraded shares of Lloyds Banking Group from a “neutral” rating to a “buy” rating in a research report on Thursday, April 30th. Seven investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company 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.