Lloyds Banking Group plc (NYSE:LYG) Given Average Recommendation of “Hold” by Analysts

Lloyds Banking Group plc (NYSE:LYG) has been given an average rating of “Hold” by the ten analysts that are covering the company, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $2.75.

Several brokerages have commented on LYG. Morgan Stanley lowered Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group began coverage on shares of Lloyds Banking Group in a research note on Friday, October 4th. They set a “neutral” rating on the stock.

Hedge Funds Weigh In On Lloyds Banking Group

Large investors have recently modified their holdings of the stock. Lazari Capital Management Inc. grew its position in Lloyds Banking Group by 19.8% during the 3rd quarter. Lazari Capital Management Inc. now owns 20,391 shares of the financial services provider’s stock valued at $64,000 after purchasing an additional 3,371 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in shares of Lloyds Banking Group by 6.1% in the third quarter. Sequoia Financial Advisors LLC now owns 65,320 shares of the financial services provider’s stock worth $204,000 after buying an additional 3,734 shares in the last quarter. Baron Wealth Management LLC grew its holdings in shares of Lloyds Banking Group by 30.8% during the third quarter. Baron Wealth Management LLC now owns 16,851 shares of the financial services provider’s stock valued at $53,000 after buying an additional 3,969 shares during the last quarter. Angeles Investment Advisors LLC increased its position in shares of Lloyds Banking Group by 38.6% during the second quarter. Angeles Investment Advisors LLC now owns 15,290 shares of the financial services provider’s stock valued at $42,000 after acquiring an additional 4,262 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC lifted its position in Lloyds Banking Group by 4.7% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 97,258 shares of the financial services provider’s stock valued at $303,000 after acquiring an additional 4,337 shares in the last quarter. Hedge funds and other institutional investors own 2.15% of the company’s stock.

Lloyds Banking Group Stock Down 0.4 %

Shares of NYSE:LYG opened at $2.69 on Tuesday. 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. The firm has a market capitalization of $40.76 billion, a P/E ratio of 6.90 and a beta of 1.31. The stock has a 50 day moving average price of $2.74 and a 200-day moving average price of $2.91.

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.