O Shaughnessy Asset Management LLC grew its holdings in Lloyds Banking Group plc (NYSE:LYG – Free Report) by 195.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,833,546 shares of the financial services provider’s stock after acquiring an additional 1,875,688 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Lloyds Banking Group were worth $7,339,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently made changes to their positions in the company. American Century Companies Inc. boosted its stake in Lloyds Banking Group by 6.1% during the third quarter. American Century Companies Inc. now owns 3,986,428 shares of the financial services provider’s stock valued at $8,491,000 after buying an additional 228,359 shares during the last quarter. First Eagle Investment Management LLC boosted its stake in Lloyds Banking Group by 9.2% during the first quarter. First Eagle Investment Management LLC now owns 4,060,740 shares of the financial services provider’s stock valued at $10,517,000 after buying an additional 343,753 shares during the last quarter. Ieq Capital LLC boosted its stake in Lloyds Banking Group by 94.4% during the fourth quarter. Ieq Capital LLC now owns 41,749 shares of the financial services provider’s stock valued at $100,000 after buying an additional 20,270 shares during the last quarter. First Trust Direct Indexing L.P. boosted its stake in Lloyds Banking Group by 4.1% during the fourth quarter. First Trust Direct Indexing L.P. now owns 309,779 shares of the financial services provider’s stock valued at $740,000 after buying an additional 12,334 shares during the last quarter. Finally, Pinnacle Associates Ltd. boosted its stake in Lloyds Banking Group by 8.0% during the fourth quarter. Pinnacle Associates Ltd. now owns 157,205 shares of the financial services provider’s stock valued at $376,000 after buying an additional 11,600 shares during the last quarter. 2.15% of the stock is currently owned by hedge funds and other institutional investors.
Lloyds Banking Group Trading Down 1.0 %
Shares of NYSE LYG traded down $0.03 during midday trading on Wednesday, hitting $3.00. The company’s stock had a trading volume of 13,798,250 shares, compared to its average volume of 9,128,194. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 1.82. The business’s 50 day moving average is $2.84 and its two-hundred day moving average is $2.55. Lloyds Banking Group plc has a 12-month low of $1.88 and a 12-month high of $3.06. The firm has a market cap of $46.89 billion, a P/E ratio of 7.92 and a beta of 1.35.
Analyst Upgrades and Downgrades
LYG has been the subject of several analyst reports. Berenberg Bank initiated coverage on Lloyds Banking Group in a research note on Thursday, April 25th. They issued a “hold” rating and a $2.75 price objective for the company. Deutsche Bank Aktiengesellschaft initiated coverage on Lloyds Banking Group in a research note on Thursday, May 9th. They issued a “buy” rating for the company. Finally, BNP Paribas raised Lloyds Banking Group from a “neutral” rating to an “outperform” rating in a research note on Friday, July 5th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $44.25.
View Our Latest Research Report on LYG
Lloyds Banking Group Profile
Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial services in the United Kingdom and internationally. It operates in three segments: Retail; Commercial Banking; and Insurance, Pensions and Investments. The Retail segment offers a range of financial service products, including current accounts, savings, mortgages, motor finance, unsecured loans, leasing solutions, and credit cards to personal customers.
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