Stifel Financial Corp Boosts Stock Holdings in Lloyds Banking Group plc (NYSE:LYG)

Stifel Financial Corp increased its holdings in shares of Lloyds Banking Group plc (NYSE:LYG) by 6.1% during the third quarter, Holdings Channel.com reports. The firm owned 1,136,968 shares of the financial services provider’s stock after buying an additional 65,629 shares during the period. Stifel Financial Corp’s holdings in Lloyds Banking Group were worth $3,547,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Interchange Capital Partners LLC purchased a new stake in Lloyds Banking Group during the second quarter worth $28,000. Aletheian Wealth Advisors LLC purchased a new stake in shares of Lloyds Banking Group during the 3rd quarter worth $34,000. Tcwp LLC bought a new stake in Lloyds Banking Group during the second quarter valued at about $32,000. Rothschild Investment LLC purchased a new position in Lloyds Banking Group in the second quarter valued at about $35,000. Finally, Arkadios Wealth Advisors bought a new position in Lloyds Banking Group in the third quarter worth about $42,000. 2.15% of the stock is owned by hedge funds and other institutional investors.

Lloyds Banking Group Price Performance

NYSE LYG opened at $2.78 on Tuesday. The stock’s fifty day moving average price is $2.86 and its 200 day moving average price is $2.92. Lloyds Banking Group plc has a 1 year low of $2.00 and a 1 year high of $3.24. 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 $42.05 billion, a price-to-earnings ratio of 7.12 and a beta of 1.32.

Analyst Ratings Changes

A number of research firms have recently weighed in on LYG. Morgan Stanley cut shares of Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a report on Wednesday, October 30th. The Goldman Sachs Group started coverage on Lloyds Banking Group in a research report on Friday, October 4th. They issued a “neutral” rating for the company. Finally, Kepler Capital Markets started coverage on Lloyds Banking Group in a research report on Thursday, September 5th. They set a “hold” rating on the stock. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $2.75.

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.