13,428 Shares in Lloyds Banking Group plc (NYSE:LYG) Bought by Cerro Pacific Wealth Advisors LLC

Cerro Pacific Wealth Advisors LLC purchased a new position in shares of Lloyds Banking Group plc (NYSE:LYG) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 13,428 shares of the financial services provider’s stock, valued at approximately $37,000.

A number of other large investors also recently modified their holdings of LYG. Lazari Capital Management Inc. lifted its stake in Lloyds Banking Group by 19.8% in the 3rd quarter. Lazari Capital Management Inc. now owns 20,391 shares of the financial services provider’s stock valued at $64,000 after purchasing an additional 3,371 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of Lloyds Banking Group by 6.1% in the third quarter. Sequoia Financial Advisors LLC now owns 65,320 shares of the financial services provider’s stock valued at $204,000 after buying an additional 3,734 shares during the last quarter. Baron Wealth Management LLC boosted its stake in shares of Lloyds Banking Group by 30.8% during the 3rd quarter. Baron Wealth Management LLC now owns 16,851 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 3,969 shares during the period. Dynamic Advisor Solutions LLC increased its holdings in shares of Lloyds Banking Group by 4.7% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 97,258 shares of the financial services provider’s stock worth $303,000 after acquiring an additional 4,337 shares during the last quarter. Finally, Wedmont Private Capital raised its stake in Lloyds Banking Group by 19.2% in the 3rd quarter. Wedmont Private Capital now owns 29,068 shares of the financial services provider’s stock valued at $89,000 after acquiring an additional 4,674 shares during the period. 2.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have commented on LYG. Morgan Stanley downgraded shares of Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a report on Wednesday, October 30th. The Goldman Sachs Group started coverage on shares of Lloyds Banking Group in a research note on Friday, October 4th. They issued a “neutral” rating on the stock. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Lloyds Banking Group currently has a consensus rating of “Hold” and a consensus target price of $2.75.

Lloyds Banking Group Stock Performance

LYG stock opened at $3.08 on Friday. Lloyds Banking Group plc has a 52 week low of $2.00 and a 52 week high of $3.24. The company’s 50-day simple moving average is $2.74 and its 200 day simple moving average is $2.91. The company has a market capitalization of $46.59 billion, a PE ratio of 7.88 and a beta of 1.31.

Lloyds Banking Group (NYSE:LYG) last released its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $0.10 earnings per share for the quarter. The company had revenue of $10.41 billion during the quarter. Lloyds Banking Group had a net margin of 10.89% and a return on equity of 9.81%. During the same quarter in the previous year, the firm posted $0.10 earnings per share. On average, analysts forecast that Lloyds Banking Group plc will post 0.33 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.