Cerro Pacific Wealth Advisors LLC Purchases New Holdings in Lloyds Banking Group plc (NYSE:LYG)

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

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Aletheian Wealth Advisors LLC bought a new position in Lloyds Banking Group in the third quarter valued at about $34,000. Simon Quick Advisors LLC bought a new position in shares of Lloyds Banking Group in the 4th quarter valued at about $35,000. Arkadios Wealth Advisors acquired a new stake in shares of Lloyds Banking Group during the 3rd quarter worth approximately $42,000. OneAscent Financial Services LLC bought a new stake in shares of Lloyds Banking Group during the third quarter worth approximately $46,000. Finally, Insigneo Advisory Services LLC acquired a new position in Lloyds Banking Group in the second quarter valued at approximately $42,000. 2.15% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Lloyds Banking Group Trading Up 2.2 %

Shares of Lloyds Banking Group stock opened at $3.08 on Friday. Lloyds Banking Group plc has a 12 month low of $2.00 and a 12 month high of $3.24. The company has a market capitalization of $46.59 billion, a PE ratio of 7.88 and a beta of 1.31. The stock’s fifty day simple moving average is $2.74 and its 200 day simple moving average is $2.91.

Lloyds Banking Group (NYSE:LYG) last issued its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $0.10 earnings per share (EPS) for the quarter. The business had revenue of $10.41 billion during the quarter. Lloyds Banking Group had a return on equity of 9.81% and a net margin of 10.89%. During the same quarter in the prior year, the firm posted $0.10 earnings per share. Analysts predict that Lloyds Banking Group plc will post 0.33 EPS for the current fiscal year.

Lloyds Banking Group Company 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.