249,184 Shares in Lloyds Banking Group plc (NYSE:LYG) Acquired by Ativo Capital Management LLC

Ativo Capital Management LLC bought a new position in Lloyds Banking Group plc (NYSE:LYG) in the fourth quarter, Holdings Channel.com reports. The fund bought 249,184 shares of the financial services provider’s stock, valued at approximately $678,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Brentview Investment Management LLC acquired a new stake in Lloyds Banking Group in the fourth quarter worth approximately $31,000. Aletheian Wealth Advisors LLC acquired a new stake in Lloyds Banking Group in the third quarter worth approximately $34,000. Simon Quick Advisors LLC acquired a new stake in Lloyds Banking Group in the fourth quarter worth approximately $35,000. Cerro Pacific Wealth Advisors LLC acquired a new stake in Lloyds Banking Group in the fourth quarter worth approximately $37,000. Finally, CIBC Asset Management Inc acquired a new stake in Lloyds Banking Group in the fourth quarter worth approximately $38,000. 2.15% of the stock is currently owned by institutional investors and hedge funds.

Lloyds Banking Group Stock Performance

NYSE LYG opened at $3.37 on Friday. The business’s fifty day moving average is $2.91 and its two-hundred day moving average is $2.93. Lloyds Banking Group plc has a 1 year low of $2.25 and a 1 year high of $3.40. The stock has a market capitalization of $51.11 billion, a P/E ratio of 8.63 and a beta of 1.31.

Lloyds Banking Group (NYSE:LYG) last announced its earnings results on Thursday, February 20th. The financial services provider reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.03). Lloyds Banking Group had a net margin of 10.89% and a return on equity of 9.81%. The firm had revenue of $9.46 billion for the quarter, compared to analyst estimates of $4.76 billion. On average, research analysts forecast that Lloyds Banking Group plc will post 0.33 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley cut Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a report on Wednesday, October 30th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Lloyds Banking Group currently has an average rating of “Hold” and an average price target of $2.75.

About Lloyds Banking Group

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.