Macquarie Group Ltd. Has $109.77 Million Position in Lloyds Banking Group PLC (LYG)

Macquarie Group Ltd. lowered its position in shares of Lloyds Banking Group PLC (NYSE:LYG) by 0.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 29,992,625 shares of the financial services provider’s stock after selling 182,723 shares during the quarter. Macquarie Group Ltd. owned approximately 0.17% of Lloyds Banking Group PLC worth $109,773,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake in Lloyds Banking Group PLC by 18.7% during the first quarter. Dimensional Fund Advisors LP now owns 10,764,956 shares of the financial services provider’s stock worth $36,601,000 after purchasing an additional 1,697,943 shares during the period. Bank of Montreal Can raised its stake in Lloyds Banking Group PLC by 9.0% during the second quarter. Bank of Montreal Can now owns 45,681 shares of the financial services provider’s stock worth $161,000 after purchasing an additional 3,790 shares during the period. Creative Planning raised its stake in Lloyds Banking Group PLC by 27.1% during the second quarter. Creative Planning now owns 176,848 shares of the financial services provider’s stock worth $624,000 after purchasing an additional 37,708 shares during the period. Aperio Group LLC raised its stake in Lloyds Banking Group PLC by 11.5% during the second quarter. Aperio Group LLC now owns 1,392,676 shares of the financial services provider’s stock worth $4,916,000 after purchasing an additional 143,176 shares during the period. Finally, US Bancorp DE raised its stake in Lloyds Banking Group PLC by 30.0% during the second quarter. US Bancorp DE now owns 365,410 shares of the financial services provider’s stock worth $1,290,000 after purchasing an additional 84,239 shares during the period. Hedge funds and other institutional investors own 2.16% of the company’s stock.

Shares of Lloyds Banking Group PLC (LYG) traded up $0.02 during mid-day trading on Friday, hitting $3.56. 2,498,216 shares of the stock were exchanged, compared to its average volume of 5,691,925. Lloyds Banking Group PLC has a fifty-two week low of $2.86 and a fifty-two week high of $3.87. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.39 and a current ratio of 1.38. The stock has a market cap of $62,600.00, a P/E ratio of 6.56 and a beta of 0.75.

A number of research firms have weighed in on LYG. Credit Suisse Group raised shares of Lloyds Banking Group PLC from a “neutral” rating to an “outperform” rating in a research note on Tuesday, October 10th. Zacks Investment Research raised shares of Lloyds Banking Group PLC from a “hold” rating to a “buy” rating and set a $4.00 price target on the stock in a research note on Tuesday, September 26th. The Goldman Sachs Group, Inc. reaffirmed a “sell” rating on shares of Lloyds Banking Group PLC in a research note on Wednesday, September 6th. Finally, BidaskClub downgraded shares of Lloyds Banking Group PLC from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 2nd. Six investment analysts have rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company’s stock. Lloyds Banking Group PLC has an average rating of “Hold” and a consensus target price of $4.00.

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Lloyds Banking Group PLC Profile

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.

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

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