Cookson Peirce & Co. Inc. Decreases Position in Lloyds Banking Group PLC $LYG

Cookson Peirce & Co. Inc. decreased its holdings in shares of Lloyds Banking Group PLC (NYSE:LYG) by 21.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 428,958 shares of the financial services provider’s stock after selling 114,720 shares during the quarter. Cookson Peirce & Co. Inc.’s holdings in Lloyds Banking Group were worth $2,273,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Fisher Asset Management LLC lifted its stake in Lloyds Banking Group by 0.9% during the fourth quarter. Fisher Asset Management LLC now owns 151,258,982 shares of the financial services provider’s stock worth $801,673,000 after purchasing an additional 1,300,718 shares during the last quarter. Mondrian Investment Partners LTD purchased a new stake in Lloyds Banking Group during the third quarter worth approximately $285,004,000. Northern Trust Corp lifted its stake in Lloyds Banking Group by 3.9% during the third quarter. Northern Trust Corp now owns 14,279,272 shares of the financial services provider’s stock worth $64,828,000 after purchasing an additional 541,501 shares during the last quarter. CIBC Private Wealth Group LLC lifted its stake in Lloyds Banking Group by 4.6% during the third quarter. CIBC Private Wealth Group LLC now owns 14,129,519 shares of the financial services provider’s stock worth $64,148,000 after purchasing an additional 622,552 shares during the last quarter. Finally, CIBC Bancorp USA Inc. purchased a new stake in Lloyds Banking Group during the third quarter worth approximately $63,928,000. Hedge funds and other institutional investors own 2.15% of the company’s stock.

Lloyds Banking Group Price Performance

Shares of NYSE LYG opened at $5.32 on Friday. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 2.09. Lloyds Banking Group PLC has a twelve month low of $3.98 and a twelve month high of $6.34. The stock has a 50 day moving average of $5.34 and a two-hundred day moving average of $5.35. The stock has a market cap of $77.73 billion, a P/E ratio of 12.08, a P/E/G ratio of 0.54 and a beta of 0.87.

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

Wall Street Analyst Weigh In

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

Lloyds Banking Group 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.