Cambridge Investment Research Advisors Inc. Purchases 10,281 Shares of Lloyds Banking Group plc (NYSE:LYG)

Cambridge Investment Research Advisors Inc. lifted its holdings in Lloyds Banking Group plc (NYSE:LYG – Get Rating) by 10.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,774 shares of the financial services provider’s stock after acquiring an additional 10,281 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Lloyds Banking Group were worth $189,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Childress Capital Advisors LLC acquired a new stake in shares of Lloyds Banking Group in the second quarter valued at $25,000. Straight Path Wealth Management acquired a new position in shares of Lloyds Banking Group during the second quarter worth approximately $26,000. Ronald Blue Trust Inc. acquired a new stake in shares of Lloyds Banking Group in the second quarter valued at approximately $26,000. Dynamic Advisor Solutions LLC acquired a new position in Lloyds Banking Group during the 2nd quarter worth $27,000. Finally, Greenleaf Trust bought a new position in Lloyds Banking Group in the 2nd quarter valued at $28,000. 2.15% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on LYG. Morgan Stanley upped their price target on Lloyds Banking Group from GBX 58 ($0.71) to GBX 60 ($0.73) in a research note on Wednesday, January 11th. JPMorgan Chase & Co. downgraded shares of Lloyds Banking Group from an “overweight” rating to a “neutral” rating in a research note on Tuesday, December 6th. StockNews.com initiated coverage on shares of Lloyds Banking Group in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Royal Bank of Canada upgraded shares of Lloyds Banking Group from an “underperform” rating to an “outperform” rating in a research report on Friday, November 25th. Finally, Keefe, Bruyette & Woods cut Lloyds Banking Group from an “outperform” rating to an “underperform” rating in a research note on Wednesday, October 19th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Lloyds Banking Group currently has an average rating of “Hold” and an average price target of $58.00.

Lloyds Banking Group Trading Up 1.3 %

NYSE:LYG opened at $2.41 on Monday. The stock has a market cap of $40.53 billion, a price-to-earnings ratio of 8.31, a PEG ratio of 4.90 and a beta of 1.26. The stock has a 50-day moving average price of $2.20 and a two-hundred day moving average price of $2.09. Lloyds Banking Group plc has a 1 year low of $1.70 and a 1 year high of $3.00.

Lloyds Banking Group (NYSE:LYG – Get Rating) last issued its quarterly earnings data on Thursday, October 27th. The financial services provider reported $0.08 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.08. The company had revenue of $5.34 billion during the quarter, compared to the consensus estimate of $4.97 billion. Lloyds Banking Group had a net margin of 17.87% and a return on equity of 8.41%. Sell-side analysts forecast that Lloyds Banking Group plc will post 0.35 earnings per share for the current year.

Lloyds Banking Group Company Profile

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Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial services in the United Kingdom. It operates through three segments: Retail; Commercial Banking; and Insurance and Wealth. 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 and small business customers.