Logan Capital Management Inc. Increases Holdings in Lloyds Banking Group PLC $LYG

Logan Capital Management Inc. grew its holdings in shares of Lloyds Banking Group PLC (NYSE:LYG) by 9.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,258,776 shares of the financial services provider’s stock after buying an additional 112,845 shares during the period. Logan Capital Management Inc.’s holdings in Lloyds Banking Group were worth $6,672,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. Tucker Asset Management LLC acquired a new stake in shares of Lloyds Banking Group during the fourth quarter worth about $27,000. Harbour Investments Inc. increased its position in shares of Lloyds Banking Group by 47.3% during the fourth quarter. Harbour Investments Inc. now owns 6,386 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 2,051 shares in the last quarter. Eagle Bay Advisors LLC acquired a new stake in shares of Lloyds Banking Group during the fourth quarter worth about $35,000. Manchester Capital Management LLC increased its position in shares of Lloyds Banking Group by 1,216.6% during the fourth quarter. Manchester Capital Management LLC now owns 8,163 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 7,543 shares in the last quarter. Finally, Bessemer Group Inc. increased its position in shares of Lloyds Banking Group by 125.5% during the third quarter. Bessemer Group Inc. now owns 9,654 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 5,372 shares in the last quarter. 2.15% of the stock is owned by hedge funds and other institutional investors.

Lloyds Banking Group Stock Performance

Shares of LYG stock opened at $5.42 on Friday. The stock has a market capitalization of $79.19 billion, a PE ratio of 12.31, a price-to-earnings-growth ratio of 0.52 and a beta of 0.87. Lloyds Banking Group PLC has a 52-week low of $3.98 and a 52-week high of $6.34. The stock’s 50-day moving average price is $5.37 and its 200 day moving average price is $5.38. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 2.09.

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

Analyst Ratings Changes

A number of research firms have recently commented on LYG. UBS Group upgraded 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 report on Thursday, April 30th. Weiss Ratings cut Lloyds Banking Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. Finally, Wall Street Zen upgraded Lloyds Banking Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Seven analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

About Lloyds Banking Group

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.