AlphaMark Advisors LLC Has $59,000 Holdings in Lloyds Banking Group plc (NYSE:LYG)

AlphaMark Advisors LLC boosted its stake in Lloyds Banking Group plc (NYSE:LYG) by 97.9% in the first quarter, Holdings Channel reports. The firm owned 22,867 shares of the financial services provider’s stock after purchasing an additional 11,315 shares during the quarter. AlphaMark Advisors LLC’s holdings in Lloyds Banking Group were worth $59,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. American Century Companies Inc. raised its stake in Lloyds Banking Group by 6.1% during the third quarter. American Century Companies Inc. now owns 3,986,428 shares of the financial services provider’s stock worth $8,491,000 after acquiring an additional 228,359 shares in the last quarter. Ieq Capital LLC raised its stake in Lloyds Banking Group by 94.4% during the fourth quarter. Ieq Capital LLC now owns 41,749 shares of the financial services provider’s stock worth $100,000 after acquiring an additional 20,270 shares in the last quarter. First Trust Direct Indexing L.P. raised its stake in Lloyds Banking Group by 4.1% during the fourth quarter. First Trust Direct Indexing L.P. now owns 309,779 shares of the financial services provider’s stock worth $740,000 after acquiring an additional 12,334 shares in the last quarter. Pinnacle Associates Ltd. raised its stake in Lloyds Banking Group by 8.0% during the fourth quarter. Pinnacle Associates Ltd. now owns 157,205 shares of the financial services provider’s stock worth $376,000 after acquiring an additional 11,600 shares in the last quarter. Finally, Apollon Wealth Management LLC raised its stake in Lloyds Banking Group by 168.3% during the fourth quarter. Apollon Wealth Management LLC now owns 124,174 shares of the financial services provider’s stock worth $297,000 after acquiring an additional 77,886 shares in the last quarter. Institutional investors and hedge funds own 2.15% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on LYG shares. Berenberg Bank assumed coverage on Lloyds Banking Group in a research note on Thursday, April 25th. They set a “hold” rating and a $2.75 target price for the company. Deutsche Bank Aktiengesellschaft assumed coverage on Lloyds Banking Group in a report on Thursday, May 9th. They set a “buy” rating on the stock. Finally, Bank of America upgraded Lloyds Banking Group from a “neutral” rating to a “buy” rating in a report on Thursday, March 21st. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Lloyds Banking Group presently has an average rating of “Moderate Buy” and a consensus target price of $52.55.

Lloyds Banking Group Trading Up 2.4 %

LYG stock traded up $0.06 during trading on Monday, hitting $2.80. The company had a trading volume of 14,409,958 shares, compared to its average volume of 9,140,137. The business has a 50-day moving average of $2.72 and a 200-day moving average of $2.48. Lloyds Banking Group plc has a one year low of $1.88 and a one year high of $2.87. The stock has a market cap of $43.94 billion, a PE ratio of 7.34, a PEG ratio of 1.16 and a beta of 1.35. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 1.82.

Lloyds Banking Group (NYSE:LYG) last announced its earnings results on Wednesday, April 24th. The financial services provider reported $0.09 EPS for the quarter. Lloyds Banking Group had a return on equity of 10.35% and a net margin of 13.41%. The business had revenue of $14.35 billion for the quarter. Research analysts predict that Lloyds Banking Group plc will post 0.32 earnings per share for the current fiscal 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.