Lloyds Banking Group plc (NYSE:LYG) Receives $2.75 Average PT from Analysts

Lloyds Banking Group plc (NYSE:LYG) has been given an average recommendation of “Hold” by the ten ratings firms that are currently covering the stock, Marketbeat.com reports. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $2.75.

LYG has been the subject of a number of recent research reports. The Goldman Sachs Group initiated coverage on Lloyds Banking Group in a report on Friday, October 4th. They issued a “neutral” rating for the company. Citigroup downgraded Lloyds Banking Group from a “buy” rating to a “neutral” rating in a research report on Monday, August 5th. Morgan Stanley cut Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a report on Wednesday, October 30th. Kepler Capital Markets assumed coverage on shares of Lloyds Banking Group in a research report on Thursday, September 5th. They issued a “hold” rating on the stock. Finally, UBS Group reiterated a “neutral” rating on shares of Lloyds Banking Group in a research report on Tuesday, July 30th.

Institutional Trading of Lloyds Banking Group

Several large investors have recently modified their holdings of LYG. US Bancorp DE boosted its stake in Lloyds Banking Group by 36.6% during the third quarter. US Bancorp DE now owns 757,336 shares of the financial services provider’s stock worth $2,363,000 after acquiring an additional 202,862 shares in the last quarter. Raymond James & Associates grew its stake in shares of Lloyds Banking Group by 37.4% in the 3rd quarter. Raymond James & Associates now owns 3,416,484 shares of the financial services provider’s stock valued at $10,659,000 after buying an additional 929,478 shares during the period. Clearbridge Investments LLC bought a new stake in Lloyds Banking Group in the 2nd quarter valued at about $36,252,000. First Eagle Investment Management LLC increased its position in Lloyds Banking Group by 9.2% in the 1st quarter. First Eagle Investment Management LLC now owns 4,060,740 shares of the financial services provider’s stock valued at $10,517,000 after buying an additional 343,753 shares in the last quarter. Finally, CreativeOne Wealth LLC boosted its holdings in Lloyds Banking Group by 166.2% in the first quarter. CreativeOne Wealth LLC now owns 47,224 shares of the financial services provider’s stock worth $122,000 after acquiring an additional 29,486 shares in the last quarter. Institutional investors and hedge funds own 2.15% of the company’s stock.

Lloyds Banking Group Trading Up 2.7 %

Shares of NYSE LYG opened at $2.84 on Monday. The stock has a market cap of $43.58 billion, a P/E ratio of 7.27 and a beta of 1.35. The firm has a 50 day moving average price of $3.01 and a two-hundred day moving average price of $2.91. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.48 and a current ratio of 1.45. Lloyds Banking Group has a 52-week low of $2.00 and a 52-week high of $3.24.

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.