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

Lloyds Banking Group plc (NYSE:LYG) has earned an average recommendation of “Hold” from the ten research firms that are presently covering the company, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $2.75.

Several equities research analysts recently weighed in on the stock. Morgan Stanley cut shares of Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group began coverage on shares of Lloyds Banking Group in a research report on Friday, October 4th. They set a “neutral” rating on the stock. Kepler Capital Markets initiated coverage on shares of Lloyds Banking Group in a research report on Thursday, September 5th. They set a “hold” rating for the company. Citigroup downgraded Lloyds Banking Group from a “buy” rating to a “neutral” rating in a report on Monday, August 5th. Finally, Royal Bank of Canada cut Lloyds Banking Group from an “outperform” rating to a “sector perform” rating in a report on Friday, July 26th.

Institutional Trading of Lloyds Banking Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. US Bancorp DE boosted its holdings in shares of Lloyds Banking Group by 36.6% during the 3rd quarter. US Bancorp DE now owns 757,336 shares of the financial services provider’s stock valued at $2,363,000 after acquiring an additional 202,862 shares in the last quarter. Raymond James & Associates increased its stake in shares of Lloyds Banking Group by 37.4% in the third quarter. Raymond James & Associates now owns 3,416,484 shares of the financial services provider’s stock valued at $10,659,000 after buying an additional 929,478 shares during the period. Clearbridge Investments LLC bought a new position in Lloyds Banking Group in the 2nd quarter valued at approximately $36,252,000. First Eagle Investment Management LLC boosted its position in Lloyds Banking Group by 9.2% during the 1st quarter. First Eagle Investment Management LLC now owns 4,060,740 shares of the financial services provider’s stock worth $10,517,000 after buying an additional 343,753 shares during the period. Finally, CreativeOne Wealth LLC grew its holdings in Lloyds Banking Group by 166.2% during the 1st quarter. CreativeOne Wealth LLC now owns 47,224 shares of the financial services provider’s stock worth $122,000 after acquiring an additional 29,486 shares during the last quarter. Institutional investors own 2.15% of the company’s stock.

Lloyds Banking Group Stock Performance

LYG opened at $2.73 on Monday. 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 has a 52-week low of $1.99 and a 52-week high of $3.24. The firm has a market cap of $41.96 billion, a P/E ratio of 7.00 and a beta of 1.35. The business’s fifty day moving average is $3.03 and its 200-day moving average is $2.91.

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.