Canada Pension Plan Investment Board Acquires Shares of 3,350,000 Lloyds Banking Group PLC (LYG)

Canada Pension Plan Investment Board acquired a new position in Lloyds Banking Group PLC (NYSE:LYG) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,350,000 shares of the financial services provider’s stock, valued at approximately $10,184,000.

Other institutional investors have also modified their holdings of the company. CIBC World Markets Inc. raised its stake in Lloyds Banking Group by 8.8% in the third quarter. CIBC World Markets Inc. now owns 1,311,451 shares of the financial services provider’s stock valued at $3,987,000 after buying an additional 106,449 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Lloyds Banking Group by 1.4% in the third quarter. PNC Financial Services Group Inc. now owns 2,120,183 shares of the financial services provider’s stock valued at $6,445,000 after buying an additional 28,486 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Lloyds Banking Group by 5.1% in the third quarter. Bank of New York Mellon Corp now owns 1,107,325 shares of the financial services provider’s stock valued at $3,366,000 after buying an additional 54,111 shares in the last quarter. Crossmark Global Holdings Inc. raised its stake in Lloyds Banking Group by 14.0% in the third quarter. Crossmark Global Holdings Inc. now owns 1,270,666 shares of the financial services provider’s stock valued at $3,863,000 after buying an additional 155,874 shares in the last quarter. Finally, FNY Investment Advisers LLC acquired a new stake in Lloyds Banking Group in the third quarter valued at $2,304,000. Institutional investors own 2.36% of the company’s stock.

LYG opened at $2.75 on Thursday. Lloyds Banking Group PLC has a one year low of $2.73 and a one year high of $4.21. The stock has a market cap of $50.99 billion, a PE ratio of 5.00 and a beta of 0.79.

A number of analysts have weighed in on LYG shares. Macquarie upgraded Lloyds Banking Group from an “underperform” rating to a “neutral” rating in a research note on Thursday, October 25th. Zacks Investment Research upgraded Lloyds Banking Group from a “sell” rating to a “hold” rating in a research note on Thursday, September 20th. Jefferies Financial Group restated a “buy” rating on shares of Lloyds Banking Group in a research note on Tuesday, August 14th. JPMorgan Chase & Co. restated a “buy” rating on shares of Lloyds Banking Group in a research note on Tuesday, September 4th. Finally, Berenberg Bank upgraded Lloyds Banking Group from a “sell” rating to a “hold” rating in a research note on Tuesday, September 4th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $4.25.

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About Lloyds Banking Group

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

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