Vise Technologies Inc. Invests $680,000 in Lloyds Banking Group PLC $LYG

Vise Technologies Inc. bought a new position in Lloyds Banking Group PLC (NYSE:LYG) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 128,362 shares of the financial services provider’s stock, valued at approximately $680,000.

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

Lloyds Banking Group Price Performance

Shares of NYSE:LYG opened at $5.16 on Thursday. Lloyds Banking Group PLC has a fifty-two week low of $3.98 and a fifty-two week high of $6.34. The business has a 50-day simple moving average of $5.36 and a two-hundred day simple moving average of $5.37. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.56 and a current ratio of 0.56. The firm has a market cap of $75.39 billion, a price-to-earnings ratio of 11.72, a price-to-earnings-growth ratio of 0.54 and a beta of 0.87.

Lloyds Banking Group (NYSE:LYG) last issued its earnings results on Tuesday, March 31st. The financial services provider reported $0.13 earnings per share for the quarter. Lloyds Banking Group had a return on equity of 10.63% and a net margin of 25.11%.The business had revenue of $6.87 billion during the quarter. On average, analysts expect that Lloyds Banking Group PLC will post 0.53 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. UBS Group upgraded shares of Lloyds Banking Group from a “neutral” rating to a “buy” rating in a research note on Thursday, April 30th. Wall Street Zen raised Lloyds Banking Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Citigroup reissued a “buy” rating on shares of Lloyds Banking Group in a research report on Thursday, April 30th. Finally, Weiss Ratings lowered Lloyds Banking Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. Seven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Lloyds Banking Group currently has a consensus 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.