Lloyds Banking Group PLC (LYG) Given Average Rating of “Hold” by Brokerages

Lloyds Banking Group PLC (NYSE:LYG) has been given an average rating of “Hold” by the fourteen brokerages that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and four have assigned a buy recommendation to the company.

Several research firms have issued reports on LYG. Zacks Investment Research upgraded shares of Lloyds Banking Group from a “sell” rating to a “hold” rating in a research note on Wednesday, August 29th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Lloyds Banking Group in a research note on Tuesday, September 4th. Citigroup upgraded shares of Lloyds Banking Group from a “sell” rating to a “neutral” rating in a research note on Thursday, August 2nd. Macquarie upgraded shares of Lloyds Banking Group from an “underperform” rating to a “neutral” rating in a research note on Thursday, October 25th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Lloyds Banking Group in a research note on Tuesday, August 14th.

Several hedge funds have recently made changes to their positions in LYG. HighPoint Advisor Group LLC purchased a new position in shares of Lloyds Banking Group in the second quarter valued at $113,000. Dynamic Technology Lab Private Ltd bought a new position in Lloyds Banking Group during the 1st quarter valued at $140,000. Cubist Systematic Strategies LLC boosted its stake in Lloyds Banking Group by 153.2% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 46,349 shares of the financial services provider’s stock valued at $154,000 after acquiring an additional 28,041 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in Lloyds Banking Group by 1,889.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 47,752 shares of the financial services provider’s stock valued at $159,000 after acquiring an additional 45,352 shares during the last quarter. Finally, Sawtooth Solutions LLC boosted its stake in Lloyds Banking Group by 71.8% during the 2nd quarter. Sawtooth Solutions LLC now owns 48,231 shares of the financial services provider’s stock valued at $160,000 after acquiring an additional 20,165 shares during the last quarter. Institutional investors and hedge funds own 2.39% of the company’s stock.

LYG traded down $0.02 during trading on Monday, hitting $3.03. 468,249 shares of the company’s stock were exchanged, compared to its average volume of 7,917,600. Lloyds Banking Group has a 1 year low of $2.81 and a 1 year high of $4.21. The company has a market cap of $54.95 billion, a P/E ratio of 5.53 and a beta of 0.79.

Lloyds Banking Group Company Profile

Lloyds Banking Group plc provides banking and financial services under the Lloyds Bank, Halifax, Bank of Scotland, and Scottish Widows brands in the United Kingdom and internationally. The company operates through three segments: Retail, Commercial Banking, and Insurance and Wealth. The Retail segment offers a range of financial service products, including current accounts, savings accounts, mortgages, motor finance, and unsecured consumer lending products to personal and small business customers.

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Analyst Recommendations for Lloyds Banking Group (NYSE:LYG)

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