Lloyds Banking Group (NYSE:LYG) Upgraded to Outperform at BNP Paribas

BNP Paribas upgraded shares of Lloyds Banking Group (NYSE:LYG) from a neutral rating to an outperform rating in a report released on Friday, MarketBeat Ratings reports.

Several other equities research analysts have also recently commented on the company. Berenberg Bank initiated coverage on Lloyds Banking Group in a research note on Thursday, April 25th. They set a hold rating and a $2.75 target price for the company. Deutsche Bank Aktiengesellschaft started coverage on Lloyds Banking Group in a research note on Thursday, May 9th. They issued a buy rating for the company. Finally, Bank of America raised Lloyds Banking Group from a neutral rating to a buy rating in a research note on Thursday, March 21st. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Lloyds Banking Group presently has a consensus rating of Moderate Buy and an average price target of $48.19.

Lloyds Banking Group Price Performance

Shares of LYG opened at $2.95 on Friday. The business has a 50-day moving average of $2.74 and a 200-day moving average of $2.49. Lloyds Banking Group has a 1 year low of $1.88 and a 1 year high of $2.97. The company has a market capitalization of $46.38 billion, a price-to-earnings ratio of 7.76, a price-to-earnings-growth ratio of 1.20 and a beta of 1.35. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.48 and a quick ratio of 1.48.

Lloyds Banking Group (NYSE:LYG) last released its earnings results on Wednesday, April 24th. The financial services provider reported $0.09 EPS for the quarter. Lloyds Banking Group had a return on equity of 10.35% and a net margin of 13.41%. The business had revenue of $14.35 billion during the quarter. As a group, equities research analysts anticipate that Lloyds Banking Group will post 0.32 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Marcum Wealth LLC lifted its holdings in shares of Lloyds Banking Group by 16.2% in the second quarter. Marcum Wealth LLC now owns 82,780 shares of the financial services provider’s stock valued at $226,000 after purchasing an additional 11,540 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Lloyds Banking Group by 43.4% in the second quarter. GAMMA Investing LLC now owns 35,806 shares of the financial services provider’s stock valued at $98,000 after purchasing an additional 10,830 shares in the last quarter. Transcend Capital Advisors LLC bought a new position in shares of Lloyds Banking Group in the second quarter valued at approximately $28,000. Keynote Financial Services LLC bought a new position in shares of Lloyds Banking Group in the first quarter valued at approximately $64,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Lloyds Banking Group by 44.6% in the first quarter. EverSource Wealth Advisors LLC now owns 16,072 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 4,955 shares in the last quarter. Institutional investors own 2.15% of the company’s stock.

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.