Cambiar Investors LLC increased its holdings in shares of Lloyds Banking Group PLC (NYSE:LYG) by 1,114.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 37,012,457 shares of the financial services provider’s stock after acquiring an additional 33,965,492 shares during the period. Lloyds Banking Group makes up approximately 2.2% of Cambiar Investors LLC’s portfolio, making the stock its 17th biggest holding. Cambiar Investors LLC owned 0.21% of Lloyds Banking Group worth $138,797,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in LYG. Keybank National Association OH purchased a new stake in shares of Lloyds Banking Group in the third quarter valued at $123,000. Flagship Harbor Advisors LLC acquired a new position in Lloyds Banking Group in the fourth quarter valued at $132,000. Private Advisor Group LLC increased its stake in Lloyds Banking Group by 86.5% in the third quarter. Private Advisor Group LLC now owns 43,851 shares of the financial services provider’s stock valued at $159,000 after purchasing an additional 20,336 shares during the last quarter. Stevens Capital Management LP acquired a new position in Lloyds Banking Group in the second quarter valued at $193,000. Finally, Atria Investments LLC increased its stake in Lloyds Banking Group by 140.2% in the fourth quarter. Atria Investments LLC now owns 51,373 shares of the financial services provider’s stock valued at $193,000 after purchasing an additional 29,987 shares during the last quarter. 2.33% of the stock is currently owned by hedge funds and other institutional investors.
LYG has been the subject of several analyst reports. Zacks Investment Research lowered Lloyds Banking Group from a “buy” rating to a “hold” rating in a research note on Thursday, November 23rd. BNP Paribas upgraded Lloyds Banking Group from a “neutral” rating to an “outperform” rating in a research note on Wednesday, January 17th. Goldman Sachs Group restated a “sell” rating on shares of Lloyds Banking Group in a research note on Tuesday, January 9th. Deutsche Bank reiterated a “buy” rating on shares of Lloyds Banking Group in a research note on Friday, February 9th. Finally, Macquarie lowered Lloyds Banking Group from a “neutral” rating to an “underperform” rating in a research note on Wednesday, November 29th. Six research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. Lloyds Banking Group presently has a consensus rating of “Hold” and an average target price of $4.00.
Lloyds Banking Group PLC (NYSE:LYG) remained flat at $$3.80 during trading hours on Wednesday. The company had a trading volume of 2,384,775 shares, compared to its average volume of 5,227,927. The company has a market cap of $67,745.99, a P/E ratio of 16.50 and a beta of 0.80. Lloyds Banking Group PLC has a 1 year low of $3.15 and a 1 year high of $4.21.
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About Lloyds Banking Group
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.
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