Lloyds Banking Group PLC (NYSE:LYG) saw a large increase in short interest in January. As of January 31st, there was short interest totalling 13,694,965 shares, an increase of 40.0% from the January 12th total of 9,782,707 shares. Based on an average daily volume of 5,538,873 shares, the short-interest ratio is currently 2.5 days.
Several hedge funds have recently bought and sold shares of LYG. Cambiar Investors LLC raised its position in shares of Lloyds Banking Group by 1,114.7% during the 4th quarter. Cambiar Investors LLC now owns 37,012,457 shares of the financial services provider’s stock valued at $138,797,000 after acquiring an additional 33,965,492 shares in the last quarter. Fisher Asset Management LLC raised its position in shares of Lloyds Banking Group by 3.1% during the 4th quarter. Fisher Asset Management LLC now owns 123,006,258 shares of the financial services provider’s stock valued at $461,273,000 after acquiring an additional 3,740,098 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Lloyds Banking Group by 104.2% during the 4th quarter. Wells Fargo & Company MN now owns 6,578,259 shares of the financial services provider’s stock valued at $24,668,000 after acquiring an additional 3,356,478 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new stake in shares of Lloyds Banking Group during the 3rd quarter valued at approximately $5,898,000. Finally, Mondrian Investment Partners LTD grew its stake in Lloyds Banking Group by 6.4% during 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 buying an additional 890,000 shares during the last quarter. 2.33% of the stock is currently owned by institutional investors and hedge funds.
Lloyds Banking Group (NYSE:LYG) traded up $0.05 during mid-day trading on Wednesday, hitting $3.85. The company had a trading volume of 3,823,849 shares, compared to its average volume of 5,325,719. The firm has a market cap of $66,720.00, a price-to-earnings ratio of 15.96 and a beta of 0.80. Lloyds Banking Group has a twelve month low of $3.15 and a twelve month high of $4.21.
A number of equities analysts have issued reports on LYG shares. Goldman Sachs Group reaffirmed a “sell” rating on shares of Lloyds Banking Group in a research report on Wednesday, December 6th. Zacks Investment Research raised Lloyds Banking Group from a “sell” rating to a “hold” rating in a research report on Wednesday, December 13th. BNP Paribas raised Lloyds Banking Group from a “neutral” rating to an “outperform” rating in a research report on Wednesday, January 17th. UBS Group reaffirmed a “buy” rating on shares of Lloyds Banking Group in a research report on Monday, December 11th. Finally, Macquarie lowered Lloyds Banking Group from a “neutral” rating to an “underperform” rating in a research report on Wednesday, November 29th. Six analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $4.00.
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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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