OneDigital Investment Advisors LLC Boosts Stake in Lloyds Banking Group plc (NYSE:LYG)

OneDigital Investment Advisors LLC increased its holdings in shares of Lloyds Banking Group plc (NYSE:LYG) by 107.6% in the third quarter, Holdings Channel reports. The firm owned 106,071 shares of the financial services provider’s stock after buying an additional 54,987 shares during the period. OneDigital Investment Advisors LLC’s holdings in Lloyds Banking Group were worth $331,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of LYG. Transcend Capital Advisors LLC purchased a new stake in shares of Lloyds Banking Group in the 2nd quarter valued at approximately $28,000. Interchange Capital Partners LLC acquired a new position in Lloyds Banking Group during the second quarter worth $28,000. Intergy Private Wealth LLC acquired a new position in Lloyds Banking Group during the second quarter worth $29,000. Aletheian Wealth Advisors LLC purchased a new position in shares of Lloyds Banking Group during the third quarter worth $34,000. Finally, Tcwp LLC acquired a new stake in shares of Lloyds Banking Group in the second quarter valued at $32,000. 2.15% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on LYG shares. 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 on the stock. Royal Bank of Canada downgraded shares of Lloyds Banking Group from an “outperform” rating to a “sector perform” rating in a research note on Friday, July 26th. UBS Group reissued a “neutral” rating on shares of Lloyds Banking Group in a research report on Tuesday, July 30th. Citigroup lowered Lloyds Banking Group from a “buy” rating to a “neutral” rating in a research report on Monday, August 5th. Finally, Kepler Capital Markets began coverage on Lloyds Banking Group in a report on Thursday, September 5th. They issued a “hold” rating for the company. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $2.75.

Lloyds Banking Group Stock Performance

Shares of NYSE LYG opened at $2.77 on Friday. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.45 and a quick ratio of 1.48. The company has a market cap of $42.29 billion, a PE ratio of 7.09 and a beta of 1.35. The company has a 50-day simple moving average of $2.99 and a 200-day simple moving average of $2.92. Lloyds Banking Group plc has a 12 month low of $2.00 and a 12 month high of $3.24.

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.