Lloyds Banking Group plc (NYSE:LYG) Short Interest Update

Lloyds Banking Group plc (NYSE:LYG - Get Free Report) was the recipient of a significant drop in short interest in the month of May. As of May 15th, there was short interest totalling 4,680,000 shares, a drop of 54.1% from the April 30th total of 10,190,000 shares. Based on an average daily volume of 37,160,000 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Institutional Investors Weigh In On Lloyds Banking Group

A number of hedge funds have recently made changes to their positions in the stock. Acadian Asset Management LLC acquired a new stake in shares of Lloyds Banking Group in the 1st quarter valued at approximately $639,000. Geneos Wealth Management Inc. boosted its stake in shares of Lloyds Banking Group by 162.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 11,724 shares of the financial services provider's stock valued at $45,000 after purchasing an additional 7,253 shares in the last quarter. Focus Partners Wealth boosted its stake in shares of Lloyds Banking Group by 7,365.0% in the 1st quarter. Focus Partners Wealth now owns 817,494 shares of the financial services provider's stock valued at $3,123,000 after purchasing an additional 806,543 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of Lloyds Banking Group by 18.4% in the 1st quarter. Jane Street Group LLC now owns 812,424 shares of the financial services provider's stock valued at $3,103,000 after purchasing an additional 126,247 shares in the last quarter. Finally, Logan Capital Management Inc. boosted its stake in shares of Lloyds Banking Group by 1.3% in the 1st quarter. Logan Capital Management Inc. now owns 1,092,492 shares of the financial services provider's stock valued at $4,173,000 after purchasing an additional 14,451 shares in the last quarter. 2.15% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Keefe, Bruyette & Woods cut shares of Lloyds Banking Group from an "outperform" rating to a "market perform" rating in a research note on Tuesday, March 11th. Wall Street Zen raised shares of Lloyds Banking Group from a "sell" rating to a "hold" rating in a report on Tuesday, May 13th. HSBC raised shares of Lloyds Banking Group from a "hold" rating to a "buy" rating in a report on Tuesday, April 1st. Morgan Stanley raised shares of Lloyds Banking Group from an "equal weight" rating to an "overweight" rating in a report on Tuesday, March 4th. Finally, Hsbc Global Res raised Lloyds Banking Group to a "strong-buy" rating in a report on Thursday, March 20th. Seven investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Lloyds Banking Group currently has an average rating of "Hold".

View Our Latest Analysis on Lloyds Banking Group

Lloyds Banking Group Trading Up 0.1%

Lloyds Banking Group stock traded up $0.01 during trading hours on Friday, reaching $4.22. 13,813,734 shares of the stock were exchanged, compared to its average volume of 17,901,270. The company has a market cap of $63.78 billion, a P/E ratio of 12.77 and a beta of 0.97. Lloyds Banking Group has a twelve month low of $2.56 and a twelve month high of $4.30. The stock has a 50 day moving average of $3.85 and a two-hundred day moving average of $3.32.

Lloyds Banking Group (NYSE:LYG - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The financial services provider reported $0.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.08 by $0.03. Lloyds Banking Group had a net margin of 11.45% and a return on equity of 8.46%. The firm had revenue of $5.91 billion for the quarter, compared to the consensus estimate of $4.78 billion. On average, analysts expect that Lloyds Banking Group will post 0.27 earnings per share for the current fiscal year.

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.

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