Raymond James Financial Services Advisors Inc. Has $797,000 Holdings in Lloyds Banking Group plc (NYSE:LYG)

Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Lloyds Banking Group plc (NYSE:LYGGet Rating) by 2.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 445,198 shares of the financial services provider’s stock after purchasing an additional 10,320 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Lloyds Banking Group were worth $797,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. M&T Bank Corp lifted its holdings in shares of Lloyds Banking Group by 157.0% during the second quarter. M&T Bank Corp now owns 56,892 shares of the financial services provider’s stock worth $112,000 after purchasing an additional 34,752 shares during the period. Cerity Partners LLC lifted its holdings in Lloyds Banking Group by 432.5% in the second quarter. Cerity Partners LLC now owns 130,503 shares of the financial services provider’s stock valued at $266,000 after buying an additional 105,995 shares during the period. Octavia Wealth Advisors LLC acquired a new position in Lloyds Banking Group in the third quarter valued at $44,000. Virtue Capital Management LLC lifted its holdings in Lloyds Banking Group by 28.9% in the second quarter. Virtue Capital Management LLC now owns 45,255 shares of the financial services provider’s stock valued at $92,000 after buying an additional 10,136 shares during the period. Finally, Parallel Advisors LLC lifted its holdings in Lloyds Banking Group by 15.8% in the second quarter. Parallel Advisors LLC now owns 39,232 shares of the financial services provider’s stock valued at $80,000 after buying an additional 5,358 shares during the period. Institutional investors and hedge funds own 2.15% of the company’s stock.

Lloyds Banking Group Trading Up 0.8 %

Shares of NYSE LYG opened at $2.44 on Monday. The firm’s 50-day moving average price is $2.24 and its 200-day moving average price is $2.10. The firm has a market capitalization of $41.05 billion, a P/E ratio of 8.41, a P/E/G ratio of 4.97 and a beta of 1.26. Lloyds Banking Group plc has a 1-year low of $1.70 and a 1-year high of $2.92.

Lloyds Banking Group (NYSE:LYGGet Rating) last posted its earnings results on Thursday, October 27th. The financial services provider reported $0.08 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%. Equities research analysts forecast that Lloyds Banking Group plc will post 0.35 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on LYG shares. StockNews.com started coverage on shares of Lloyds Banking Group in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Barclays dropped their target price on shares of Lloyds Banking Group from GBX 55 ($0.67) to GBX 50 ($0.61) in a report on Thursday, October 20th. Royal Bank of Canada upgraded shares of Lloyds Banking Group from an “underperform” rating to an “outperform” rating in a report on Friday, November 25th. Morgan Stanley upped their price objective on shares of Lloyds Banking Group from GBX 58 ($0.71) to GBX 60 ($0.73) in a report on Wednesday, January 11th. Finally, JPMorgan Chase & Co. lowered shares of Lloyds Banking Group from an “overweight” rating to a “neutral” rating in a report on Tuesday, December 6th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $58.00.

About Lloyds Banking Group

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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.

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Institutional Ownership by Quarter for Lloyds Banking Group (NYSE:LYG)

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