Lloyds Banking Group plc (NYSE:LYG) Stock Holdings Increased by Pathstone Holdings LLC

Pathstone Holdings LLC increased its stake in Lloyds Banking Group plc (NYSE:LYG) by 8.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 519,559 shares of the financial services provider’s stock after purchasing an additional 41,183 shares during the quarter. Pathstone Holdings LLC’s holdings in Lloyds Banking Group were worth $1,621,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Lazari Capital Management Inc. lifted its stake in Lloyds Banking Group by 19.8% in the 3rd quarter. Lazari Capital Management Inc. now owns 20,391 shares of the financial services provider’s stock worth $64,000 after acquiring an additional 3,371 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of Lloyds Banking Group by 6.1% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 65,320 shares of the financial services provider’s stock worth $204,000 after purchasing an additional 3,734 shares during the last quarter. Patriot Financial Group Insurance Agency LLC lifted its position in shares of Lloyds Banking Group by 2.8% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 135,436 shares of the financial services provider’s stock worth $370,000 after buying an additional 3,752 shares during the last quarter. Baron Wealth Management LLC lifted its holdings in Lloyds Banking Group by 30.8% in the 3rd quarter. Baron Wealth Management LLC now owns 16,851 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 3,969 shares during the last quarter. Finally, AMG National Trust Bank grew its stake in Lloyds Banking Group by 0.4% in the 2nd quarter. AMG National Trust Bank now owns 1,001,075 shares of the financial services provider’s stock valued at $2,733,000 after buying an additional 3,976 shares during the last quarter. Hedge funds and other institutional investors own 2.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on LYG. Morgan Stanley cut shares of Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, October 30th. Citigroup downgraded shares of Lloyds Banking Group from a “buy” rating to a “neutral” rating in a research note on Monday, August 5th. Kepler Capital Markets initiated coverage on Lloyds Banking Group in a report on Thursday, September 5th. They issued a “hold” rating for the company. Finally, The Goldman Sachs Group started coverage on Lloyds Banking Group in a research note on Friday, October 4th. They set a “neutral” rating on the stock. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $2.75.

Lloyds Banking Group Stock Performance

Shares of Lloyds Banking Group stock opened at $2.69 on Thursday. 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 plc has a 52 week low of $2.00 and a 52 week high of $3.24. The stock has a market capitalization of $41.06 billion, a price-to-earnings ratio of 6.88 and a beta of 1.35. The firm has a fifty day moving average of $2.96 and a two-hundred day moving average of $2.92.

Lloyds Banking Group 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.