Lloyds Banking Group PLC (NYSE:LYG) Stake Lifted by Semmax Financial Advisors Inc.

Semmax Financial Advisors Inc. increased its stake in shares of Lloyds Banking Group PLC (NYSE:LYG) by 192.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 389,596 shares of the financial services provider’s stock after buying an additional 256,337 shares during the quarter. Semmax Financial Advisors Inc.’s holdings in Lloyds Banking Group were worth $1,106,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of LYG. Wells Fargo & Company MN lifted its holdings in shares of Lloyds Banking Group by 8.5% in the second quarter. Wells Fargo & Company MN now owns 7,459,354 shares of the financial services provider’s stock valued at $21,184,000 after buying an additional 583,343 shares during the period. Bbva USA Bancshares Inc. lifted its holdings in shares of Lloyds Banking Group by 3.5% in the second quarter. Bbva USA Bancshares Inc. now owns 537,693 shares of the financial services provider’s stock valued at $1,528,000 after buying an additional 18,402 shares during the period. GWM Advisors LLC lifted its holdings in shares of Lloyds Banking Group by 43.3% in the second quarter. GWM Advisors LLC now owns 39,479 shares of the financial services provider’s stock valued at $112,000 after buying an additional 11,938 shares during the period. FLC Capital Advisors acquired a new stake in shares of Lloyds Banking Group in the second quarter valued at $29,000. Finally, Freestone Capital Holdings LLC lifted its holdings in shares of Lloyds Banking Group by 10.8% in the second quarter. Freestone Capital Holdings LLC now owns 193,929 shares of the financial services provider’s stock valued at $551,000 after buying an additional 18,902 shares during the period. Hedge funds and other institutional investors own 1.96% of the company’s stock.

Several analysts have recently weighed in on LYG shares. JPMorgan Chase & Co. lowered Lloyds Banking Group from an “overweight” rating to a “neutral” rating in a report on Tuesday, July 16th. Davy Research upgraded Lloyds Banking Group from a “neutral” rating to an “outperform” rating in a report on Tuesday, May 28th. Keefe, Bruyette & Woods lowered Lloyds Banking Group from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 28th. Finally, Zacks Investment Research lowered Lloyds Banking Group from a “hold” rating to a “sell” rating in a report on Tuesday, August 20th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. Lloyds Banking Group presently has a consensus rating of “Hold” and a consensus price target of $3.75.

Shares of Lloyds Banking Group stock traded down $0.01 on Friday, reaching $2.38. 6,917,357 shares of the company were exchanged, compared to its average volume of 6,349,553. The stock has a fifty day moving average price of $2.61 and a 200-day moving average price of $2.99. The firm has a market capitalization of $43.06 billion, a price-to-earnings ratio of 7.21 and a beta of 1.03. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 2.36. Lloyds Banking Group PLC has a fifty-two week low of $2.30 and a fifty-two week high of $3.46.

Lloyds Banking Group Company Profile

Lloyds Banking Group plc provides banking and financial services under the Lloyds Bank, Halifax, Bank of Scotland, and Scottish Widows brands in the United Kingdom and internationally. It operates through three segments: Retail, Commercial Banking, and Insurance and Wealth. The Retail segment offers a range of financial service products, including current accounts, savings accounts, mortgages, motor finance, unsecured consumer loans, leasing solutions, and credit cards to personal and small business customers.

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Institutional Ownership by Quarter for Lloyds Banking Group (NYSE:LYG)

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