Wilmington Savings Fund Society FSB Purchases New Position in Lloyds Banking Group plc (NYSE:LYG)

Wilmington Savings Fund Society FSB acquired a new position in Lloyds Banking Group plc (NYSE:LYG) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 83,912 shares of the financial services provider’s stock, valued at approximately $262,000.

Other institutional investors have also added to or reduced their stakes in the company. Interchange Capital Partners LLC bought a new stake in Lloyds Banking Group in the second quarter worth about $28,000. Aletheian Wealth Advisors LLC bought a new stake in Lloyds Banking Group in the third quarter worth about $34,000. Tcwp LLC bought a new stake in Lloyds Banking Group in the second quarter worth about $32,000. Rothschild Investment LLC bought a new stake in Lloyds Banking Group in the second quarter worth about $35,000. Finally, Arkadios Wealth Advisors bought a new stake in Lloyds Banking Group in the third quarter worth about $42,000. Institutional investors own 2.15% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Kepler Capital Markets initiated coverage on shares of Lloyds Banking Group in a research note on Thursday, September 5th. They issued a “hold” rating for the company. 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. Finally, The Goldman Sachs Group initiated coverage on shares of Lloyds Banking Group in a research note on Friday, October 4th. They set a “neutral” rating for the company. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $2.75.

Lloyds Banking Group Stock Performance

Lloyds Banking Group stock opened at $2.73 on Wednesday. The company has a market capitalization of $41.29 billion, a PE ratio of 6.99 and a beta of 1.32. Lloyds Banking Group plc has a fifty-two week low of $2.00 and a fifty-two week high of $3.24. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.48 and a current ratio of 1.45. The company has a 50 day moving average price of $2.86 and a 200-day moving average price of $2.92.

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.