Lloyds Banking Group plc (NYSE:LYG – Get Free Report) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $3.02 and last traded at $3.02, with a volume of 2787367 shares traded. The stock had previously closed at $2.96.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on LYG shares. Bank of America raised shares of Lloyds Banking Group from a “neutral” rating to a “buy” rating in a research note on Thursday, March 21st. BNP Paribas upgraded shares of Lloyds Banking Group from a “neutral” rating to an “outperform” rating in a report on Friday, July 5th. Deutsche Bank Aktiengesellschaft began coverage on shares of Lloyds Banking Group in a report on Thursday, May 9th. They issued a “buy” rating for the company. Finally, Berenberg Bank assumed coverage on shares of Lloyds Banking Group in a report on Thursday, April 25th. They issued a “hold” rating and a $2.75 target price for the company. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $44.25.
Read Our Latest Stock Report on LYG
Lloyds Banking Group Stock Performance
Lloyds Banking Group (NYSE:LYG – Get Free Report) last posted its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $0.09 EPS for the quarter. The business had revenue of $14.35 billion during the quarter. Lloyds Banking Group had a net margin of 13.41% and a return on equity of 10.35%. On average, analysts predict that Lloyds Banking Group plc will post 0.32 EPS for the current fiscal year.
Institutional Trading of Lloyds Banking Group
A number of institutional investors have recently added to or reduced their stakes in LYG. Naples Money Management LLC acquired a new stake in Lloyds Banking Group in the fourth quarter valued at approximately $25,000. TCG Advisory Services LLC acquired a new stake in Lloyds Banking Group in the fourth quarter valued at approximately $25,000. Atria Wealth Solutions Inc. acquired a new stake in Lloyds Banking Group in the fourth quarter valued at approximately $26,000. D Orazio & Associates Inc. acquired a new stake in Lloyds Banking Group in the fourth quarter valued at approximately $26,000. Finally, Riversedge Advisors LLC acquired a new stake in Lloyds Banking Group in the fourth quarter valued at approximately $27,000. 2.15% of the stock is currently owned by institutional investors and hedge funds.
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.
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