Lloyds Banking Group (LYG) Rating Reiterated by UBS

Lloyds Banking Group (NYSE:LYG)‘s stock had its “buy” rating restated by analysts at UBS in a research note issued on Monday.

A number of other research firms also recently weighed in on LYG. Zacks Investment Research downgraded Lloyds Banking Group from a “buy” rating to a “hold” rating in a report on Friday, August 25th. Goldman Sachs Group reissued a “sell” rating on shares of Lloyds Banking Group in a report on Wednesday, September 6th. Credit Suisse Group raised Lloyds Banking Group from a “neutral” rating to an “outperform” rating in a report on Tuesday, October 10th. Finally, Macquarie downgraded Lloyds Banking Group from a “neutral” rating to an “underperform” rating in a report on Wednesday, November 29th. Seven research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $4.00.

Shares of Lloyds Banking Group (NYSE LYG) opened at $3.64 on Monday. Lloyds Banking Group has a twelve month low of $3.06 and a twelve month high of $3.87. The company has a current ratio of 1.38, a quick ratio of 1.39 and a debt-to-equity ratio of 1.79. The firm has a market capitalization of $65,310.39, a price-to-earnings ratio of 6.72 and a beta of 0.76.

Several institutional investors and hedge funds have recently bought and sold shares of LYG. Fisher Asset Management LLC raised its stake in Lloyds Banking Group by 2.3% in the third quarter. Fisher Asset Management LLC now owns 119,266,160 shares of the financial services provider’s stock valued at $436,514,000 after purchasing an additional 2,673,114 shares in the last quarter. Mondrian Investment Partners LTD raised its stake in Lloyds Banking Group by 6.4% in the third quarter. Mondrian Investment Partners LTD now owns 14,836,206 shares of the financial services provider’s stock valued at $54,301,000 after purchasing an additional 890,000 shares in the last quarter. Parametric Portfolio Associates LLC raised its stake in Lloyds Banking Group by 16.7% in the second quarter. Parametric Portfolio Associates LLC now owns 9,156,686 shares of the financial services provider’s stock valued at $32,323,000 after purchasing an additional 1,313,408 shares in the last quarter. Capital Bank & Trust Co raised its stake in Lloyds Banking Group by 4.3% in the third quarter. Capital Bank & Trust Co now owns 6,517,212 shares of the financial services provider’s stock valued at $23,853,000 after purchasing an additional 268,463 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in Lloyds Banking Group by 1.8% in the third quarter. Wells Fargo & Company MN now owns 3,221,781 shares of the financial services provider’s stock valued at $11,792,000 after purchasing an additional 57,289 shares in the last quarter. 2.12% of the stock is owned by institutional investors.

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About Lloyds Banking Group

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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