Lloyds Banking Group (NYSE:LYG) was downgraded by analysts at BNP Paribas from an “outperform” rating to a “neutral” rating in a report issued on Tuesday, March 6th, Marketbeat reports.
Several other equities research analysts have also recently issued reports on LYG. Zacks Investment Research upgraded Lloyds Banking Group from a “hold” rating to a “buy” rating and set a $4.25 price target for the company in a research note on Tuesday, March 6th. UBS Group restated a “buy” rating on shares of Lloyds Banking Group in a research report on Monday, December 11th. Deutsche Bank reiterated a “buy” rating on shares of Lloyds Banking Group in a report on Friday, February 9th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Lloyds Banking Group in a report on Thursday, February 1st. Finally, Morgan Stanley downgraded shares of Lloyds Banking Group from an “overweight” rating to an “equal” rating in a report on Wednesday, January 10th. Six analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $4.25.
Lloyds Banking Group (NYSE:LYG) remained flat at $$3.80 on Tuesday. 2,198,218 shares of the stock traded hands, compared to its average volume of 5,123,025. The stock has a market cap of $67,360.00, a price-to-earnings ratio of 15.83 and a beta of 0.81. Lloyds Banking Group has a 1 year low of $3.15 and a 1 year high of $4.21.
Lloyds Banking Group (NYSE:LYG) last released its earnings results on Tuesday, February 20th. The financial services provider reported $0.13 earnings per share (EPS) for the quarter. Lloyds Banking Group had a return on equity of 19.07% and a net margin of 12.81%. The business had revenue of $12.88 billion for the quarter. equities research analysts anticipate that Lloyds Banking Group will post 0.41 earnings per share for the current year.
Large investors have recently bought and sold shares of the business. Keybank National Association OH bought a new position in Lloyds Banking Group in the 3rd quarter worth approximately $123,000. Flagship Harbor Advisors LLC bought a new position in Lloyds Banking Group in the 4th quarter valued at $132,000. Dorsey & Whitney Trust CO LLC boosted its holdings in Lloyds Banking Group by 144.4% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 35,688 shares of the financial services provider’s stock valued at $133,000 after purchasing an additional 21,084 shares during the period. Lake Street Advisors Group LLC bought a new position in Lloyds Banking Group in the 4th quarter valued at $134,000. Finally, HighPoint Advisor Group LLC bought a new position in Lloyds Banking Group in the 4th quarter valued at $142,000. Hedge funds and other institutional investors own 2.40% of the company’s stock.
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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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