Lloyds Banking Group PLC (LYG) Stock Rating Upgraded by Credit Suisse Group

Lloyds Banking Group PLC (NYSE:LYG) was upgraded by equities researchers at Credit Suisse Group from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Tuesday.

Other equities analysts have also issued research reports about the company. Zacks Investment Research raised Lloyds Banking Group PLC from a “hold” rating to a “buy” rating and set a $4.00 price objective on the stock in a research note on Tuesday, September 26th. ValuEngine raised Lloyds Banking Group PLC from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating on shares of Lloyds Banking Group PLC in a research note on Wednesday, September 6th. Finally, BidaskClub lowered Lloyds Banking Group PLC from a “hold” rating to a “sell” rating in a research note on Thursday, June 22nd. Six investment analysts have rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $4.00.

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Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fisher Asset Management LLC increased its holdings in shares of Lloyds Banking Group PLC by 12.8% in the 2nd quarter. Fisher Asset Management LLC now owns 116,593,046 shares of the financial services provider’s stock valued at $411,573,000 after acquiring an additional 13,255,507 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Lloyds Banking Group PLC by 18.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 10,764,956 shares of the financial services provider’s stock valued at $36,601,000 after acquiring an additional 1,697,943 shares during the last quarter. Parametric Portfolio Associates LLC increased its holdings in shares of Lloyds Banking Group PLC by 16.7% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 9,156,686 shares of the financial services provider’s stock valued at $32,323,000 after acquiring an additional 1,313,408 shares during the last quarter. Stifel Financial Corp increased its holdings in shares of Lloyds Banking Group PLC by 4.3% in the 1st quarter. Stifel Financial Corp now owns 163,457 shares of the financial services provider’s stock valued at $572,000 after acquiring an additional 6,808 shares during the last quarter. Finally, Creative Planning increased its holdings in shares of Lloyds Banking Group PLC by 27.1% in the 2nd quarter. Creative Planning now owns 176,848 shares of the financial services provider’s stock valued at $624,000 after acquiring an additional 37,708 shares during the last quarter. Institutional investors and hedge funds own 2.11% of the company’s stock.

About Lloyds Banking Group PLC

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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