BNP Paribas Financial Markets Makes New $1.04 Million Investment in Lloyds Banking Group plc (NYSE:LYG)

BNP Paribas Financial Markets bought a new stake in shares of Lloyds Banking Group plc (NYSE:LYG) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund bought 331,650 shares of the financial services provider’s stock, valued at approximately $1,035,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Interchange Capital Partners LLC bought a new stake in shares of Lloyds Banking Group during the 2nd quarter valued at $28,000. Tcwp LLC bought a new stake in shares of Lloyds Banking Group during the 2nd quarter valued at $32,000. Aletheian Wealth Advisors LLC bought a new stake in shares of Lloyds Banking Group during the 3rd quarter valued at $34,000. Fiduciary Financial Group LLC bought a new stake in shares of Lloyds Banking Group during the 2nd quarter valued at $35,000. Finally, Rothschild Investment LLC bought a new stake in shares of Lloyds Banking Group during the 2nd quarter valued at $35,000. Institutional investors own 2.15% of the company’s stock.

Analyst Upgrades and Downgrades

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

Lloyds Banking Group Price Performance

LYG opened at $2.69 on Wednesday. The stock has a market cap of $41.06 billion, a P/E ratio of 6.88 and a beta of 1.33. The company has a quick ratio of 1.48, a current ratio of 1.45 and a debt-to-equity ratio of 1.76. Lloyds Banking Group plc has a 12 month low of $2.00 and a 12 month high of $3.24. The company has a fifty day simple moving average of $2.89 and a 200 day simple moving average of $2.92.

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.