Parametric Portfolio Associates LLC Increases Position in Lloyds Banking Group PLC (NYSE:LYG)

Parametric Portfolio Associates LLC lifted its stake in shares of Lloyds Banking Group PLC (NYSE:LYG) by 8.1% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 9,788,783 shares of the financial services provider’s stock after buying an additional 735,500 shares during the quarter. Parametric Portfolio Associates LLC owned about 0.05% of Lloyds Banking Group worth $35,827,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Mondrian Investment Partners LTD raised its stake in Lloyds Banking Group by 6.4% in the 3rd quarter. Mondrian Investment Partners LTD now owns 14,836,206 shares of the financial services provider’s stock worth $54,301,000 after purchasing an additional 890,000 shares in the last quarter. Wells Fargo & Company MN raised its stake in Lloyds Banking Group by 1.8% in the 3rd quarter. Wells Fargo & Company MN now owns 3,221,781 shares of the financial services provider’s stock worth $11,792,000 after purchasing an additional 57,289 shares in the last quarter. Cetera Investment Advisers acquired a new stake in Lloyds Banking Group in the 2nd quarter worth about $1,829,000. Morningstar Investment Services LLC raised its stake in Lloyds Banking Group by 15.8% in the 3rd quarter. Morningstar Investment Services LLC now owns 219,902 shares of the financial services provider’s stock worth $805,000 after purchasing an additional 29,942 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. acquired a new stake in Lloyds Banking Group in the 2nd quarter worth about $323,000. Institutional investors own 2.11% of the company’s stock.

LYG has been the subject of several analyst reports. UBS Group reiterated a “buy” rating on shares of Lloyds Banking Group in a research note on Monday, December 11th. Zacks Investment Research upgraded shares of Lloyds Banking Group from a “hold” rating to a “buy” rating and set a $4.00 price objective for the company in a research note on Tuesday, September 26th. Morgan Stanley cut shares of Lloyds Banking Group from an “overweight” rating to an “equal” rating in a research note on Wednesday. BNP Paribas upgraded shares of Lloyds Banking Group from an “underperform” rating to a “neutral” rating in a research note on Monday, December 11th. Finally, Credit Suisse Group upgraded shares of Lloyds Banking Group from a “neutral” rating to an “outperform” rating in a research note on Tuesday, October 10th. Six investment analysts have rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $4.00.

Shares of Lloyds Banking Group PLC (NYSE LYG) traded up $0.09 during trading hours on Friday, hitting $3.96. 4,102,900 shares of the stock traded hands, compared to its average volume of 3,870,000. The firm has a market cap of $69,450.00, a PE ratio of 17.22 and a beta of 0.76. Lloyds Banking Group PLC has a one year low of $3.15 and a one year high of $3.96.

ILLEGAL ACTIVITY WARNING: “Parametric Portfolio Associates LLC Increases Position in Lloyds Banking Group PLC (NYSE:LYG)” was originally posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this article on another domain, it was copied illegally and republished in violation of international copyright & trademark laws. The correct version of this article can be read at https://www.dispatchtribunal.com/2018/01/13/parametric-portfolio-associates-llc-grows-position-in-lloyds-banking-group-plc-lyg.html.

Lloyds Banking Group Company Profile

Lloyds Banking Group plc is a provider of financial services to individual and business customers in the United Kingdom. The Company’s main business activities are retail and commercial banking, general insurance, and long-term savings, protection and investment. The Company’s segments are Retail, Commercial Banking, Consumer Finance, Insurance and Other.

Institutional Ownership by Quarter for Lloyds Banking Group (NYSE:LYG)

Receive News & Ratings for Lloyds Banking Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lloyds Banking Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply