Diversify Advisory Services LLC Buys 19,225 Shares of Lloyds Banking Group plc (NYSE:LYG)

Diversify Advisory Services LLC boosted its position in shares of Lloyds Banking Group plc (NYSE:LYG) by 119.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,304 shares of the financial services provider’s stock after purchasing an additional 19,225 shares during the period. Diversify Advisory Services LLC’s holdings in Lloyds Banking Group were worth $113,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Raymond James & Associates grew its holdings in shares of Lloyds Banking Group by 37.4% during the third quarter. Raymond James & Associates now owns 3,416,484 shares of the financial services provider’s stock worth $10,659,000 after buying an additional 929,478 shares in the last quarter. Clearbridge Investments LLC bought a new stake in shares of Lloyds Banking Group in the second quarter worth $36,252,000. First Eagle Investment Management LLC boosted its holdings in Lloyds Banking Group by 9.2% during the first quarter. First Eagle Investment Management LLC now owns 4,060,740 shares of the financial services provider’s stock worth $10,517,000 after purchasing an additional 343,753 shares during the last quarter. CreativeOne Wealth LLC grew its position 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 valued at $122,000 after purchasing an additional 29,486 shares in the last quarter. Finally, CWM LLC lifted its position in Lloyds Banking Group by 37.9% during the 2nd quarter. CWM LLC now owns 71,039 shares of the financial services provider’s stock worth $194,000 after buying an additional 19,525 shares in the last quarter. Institutional investors and hedge funds own 2.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on LYG. UBS Group reaffirmed a “neutral” rating on shares of Lloyds Banking Group in a research report on Tuesday, July 30th. The Goldman Sachs Group began coverage on Lloyds Banking Group in a research note on Friday, October 4th. They set a “neutral” rating on the stock. Morgan Stanley cut shares of Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a research note on Wednesday. Royal Bank of Canada cut shares of Lloyds Banking Group from an “outperform” rating to a “sector perform” rating in a research note on Friday, July 26th. Finally, Citigroup lowered shares of Lloyds Banking Group from a “buy” rating to a “neutral” rating in a research note on Monday, August 5th. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $2.75.

Lloyds Banking Group Trading Up 1.5 %

LYG stock opened at $2.79 on Friday. The stock has a market cap of $42.88 billion, a price-to-earnings ratio of 7.15 and a beta of 1.34. The company has a fifty day moving average price of $3.05 and a two-hundred day moving average price of $2.90. Lloyds Banking Group plc has a one year low of $1.98 and a one year high of $3.24. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.45 and a quick ratio of 1.48.

About Lloyds Banking Group

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.