Lloyds Banking Group plc (NYSE:LYG) Receives Consensus Rating of “Hold” from Brokerages

Shares of Lloyds Banking Group plc (NYSE:LYG) have earned an average recommendation of “Hold” from the ten brokerages that are covering the stock, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $2.75.

LYG has been the subject of several recent research reports. Morgan Stanley downgraded shares of Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, October 30th. The Goldman Sachs Group initiated coverage on Lloyds Banking Group in a research note on Friday, October 4th. They issued a “neutral” rating for the company.

Institutional Trading of Lloyds Banking Group

A number of institutional investors have recently modified their holdings of the company. Lazari Capital Management Inc. raised its position in Lloyds Banking Group by 19.8% during the 3rd quarter. Lazari Capital Management Inc. now owns 20,391 shares of the financial services provider’s stock valued at $64,000 after purchasing an additional 3,371 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of Lloyds Banking Group by 6.1% during the third quarter. Sequoia Financial Advisors LLC now owns 65,320 shares of the financial services provider’s stock valued at $204,000 after acquiring an additional 3,734 shares in the last quarter. Baron Wealth Management LLC lifted its stake in Lloyds Banking Group by 30.8% in the third quarter. Baron Wealth Management LLC now owns 16,851 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 3,969 shares during the period. Angeles Investment Advisors LLC boosted its holdings in Lloyds Banking Group by 38.6% in the second quarter. Angeles Investment Advisors LLC now owns 15,290 shares of the financial services provider’s stock valued at $42,000 after acquiring an additional 4,262 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC increased its position in Lloyds Banking Group by 4.7% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 97,258 shares of the financial services provider’s stock valued at $303,000 after purchasing an additional 4,337 shares during the period. 2.15% of the stock is currently owned by hedge funds and other institutional investors.

Lloyds Banking Group Trading Down 0.4 %

Shares of LYG opened at $2.69 on Tuesday. Lloyds Banking Group has a fifty-two week low of $2.00 and a fifty-two week high of $3.24. The firm has a market cap of $40.76 billion, a price-to-earnings ratio of 6.90 and a beta of 1.31. The firm has a 50 day moving average price of $2.74 and a 200-day moving average price of $2.91. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.48 and a current ratio of 1.45.

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.