Private Advisor Group LLC Boosts Stock Position in Lloyds Banking Group plc (NYSE:LYG)

Private Advisor Group LLC boosted its holdings in shares of Lloyds Banking Group plc (NYSE:LYG) by 4.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 221,379 shares of the financial services provider’s stock after purchasing an additional 9,721 shares during the quarter. Private Advisor Group LLC’s holdings in Lloyds Banking Group were worth $691,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Mondrian Investment Partners LTD increased its holdings in Lloyds Banking Group by 39.2% during the 1st quarter. Mondrian Investment Partners LTD now owns 89,948,537 shares of the financial services provider’s stock worth $232,967,000 after purchasing an additional 25,351,270 shares during the last quarter. Clearbridge Investments LLC purchased a new stake in Lloyds Banking Group during the 2nd quarter worth approximately $36,252,000. Envestnet Asset Management Inc. increased its holdings in shares of Lloyds Banking Group by 49.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 8,577,101 shares of the financial services provider’s stock valued at $23,415,000 after acquiring an additional 2,841,956 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Lloyds Banking Group by 17.2% in the 2nd quarter. American Century Companies Inc. now owns 5,472,171 shares of the financial services provider’s stock valued at $14,939,000 after acquiring an additional 804,035 shares during the last quarter. Finally, First Eagle Investment Management LLC increased its holdings in shares of Lloyds Banking Group by 25.3% in the 2nd quarter. First Eagle Investment Management LLC now owns 5,087,379 shares of the financial services provider’s stock valued at $13,889,000 after acquiring an additional 1,026,639 shares during the last quarter. 2.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on LYG shares. UBS Group reiterated a “neutral” rating on shares of Lloyds Banking Group in a report on Tuesday, July 30th. Royal Bank of Canada downgraded Lloyds Banking Group from an “outperform” rating to a “sector perform” rating in a report on Friday, July 26th. Kepler Capital Markets started coverage on Lloyds Banking Group in a report on Thursday, September 5th. They issued 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, The Goldman Sachs Group started coverage on Lloyds Banking Group in a report on Friday, October 4th. They issued a “neutral” rating for the company. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $2.75.

Lloyds Banking Group Trading Up 1.5 %

NYSE:LYG opened at $2.79 on Monday. Lloyds Banking Group plc has a 12-month low of $1.98 and a 12-month high of $3.24. The firm has a market capitalization of $42.88 billion, a P/E ratio of 7.15 and a beta of 1.35. 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 business has a 50 day simple moving average of $3.05 and a 200 day simple moving average of $2.90.

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.