Lloyds Banking Group (NYSE:LYG) Coverage Initiated by Analysts at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft initiated coverage on shares of Lloyds Banking Group (NYSE:LYG) in a research report issued on Thursday, Briefing.com reports. The firm set a “buy” rating on the financial services provider’s stock.

Other equities research analysts have also issued reports about the stock. Berenberg Bank assumed coverage on shares of Lloyds Banking Group in a report on Thursday, April 25th. They set a “hold” rating and a $2.75 price target on the stock. Bank of America upgraded shares of Lloyds Banking Group from a “neutral” rating to a “buy” rating in a report on Thursday, March 21st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $52.55.

Lloyds Banking Group Stock Up 0.8 %

LYG stock opened at $2.67 on Thursday. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 1.82. The company has a market cap of $42.53 billion, a PE ratio of 7.03, a price-to-earnings-growth ratio of 1.09 and a beta of 1.29. The business has a 50-day simple moving average of $2.53 and a 200 day simple moving average of $2.30. Lloyds Banking Group has a 52 week low of $1.88 and a 52 week high of $2.72.

Lloyds Banking Group (NYSE:LYG) last announced its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $0.09 earnings per share for the quarter. Lloyds Banking Group had a return on equity of 10.35% and a net margin of 13.41%. The business had revenue of $14.35 billion during the quarter. Sell-side analysts anticipate that Lloyds Banking Group will post 0.32 EPS for the current fiscal year.

Institutional Investors Weigh In On Lloyds Banking Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Mondrian Investment Partners LTD grew 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 acquiring an additional 25,351,270 shares during the period. CIBC Private Wealth Group LLC increased its holdings in Lloyds Banking Group by 149.9% in the fourth quarter. CIBC Private Wealth Group LLC now owns 29,696,591 shares of the financial services provider’s stock worth $70,975,000 after purchasing an additional 17,814,615 shares in the last quarter. Morningstar Investment Services LLC lifted its stake in Lloyds Banking Group by 96.9% in the fourth quarter. Morningstar Investment Services LLC now owns 21,147,627 shares of the financial services provider’s stock valued at $50,966,000 after buying an additional 10,406,673 shares during the period. Natixis Advisors L.P. lifted its position in shares of Lloyds Banking Group by 34.8% during the 4th quarter. Natixis Advisors L.P. now owns 7,122,268 shares of the financial services provider’s stock valued at $17,021,000 after acquiring an additional 1,840,413 shares during the period. Finally, Meritage Portfolio Management bought a new stake in Lloyds Banking Group in the 4th quarter valued at about $3,470,000. Institutional investors and hedge funds own 2.15% of the company’s stock.

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.