Lloyds Banking Group PLC (LYG) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Lloyds Banking Group PLC (NYSE:LYG) have been given an average recommendation of “Hold” by the fourteen research firms that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating on the company.

LYG has been the topic of a number of research analyst reports. 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 report on Thursday, September 20th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Lloyds Banking Group in a research note on Tuesday, August 14th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Lloyds Banking Group in a research note on Tuesday, September 4th. Finally, Berenberg Bank raised Lloyds Banking Group from a “sell” rating to a “hold” rating in a research note on Tuesday, September 4th.

NYSE LYG opened at $2.83 on Friday. The company has a market capitalization of $50.99 billion, a PE ratio of 5.15 and a beta of 0.79. Lloyds Banking Group has a 12 month low of $2.77 and a 12 month high of $4.21.

A number of hedge funds and other institutional investors have recently made changes to their positions in LYG. Morgan Stanley boosted its holdings in Lloyds Banking Group by 38.5% during the 3rd quarter. Morgan Stanley now owns 1,691,265 shares of the financial services provider’s stock valued at $5,142,000 after acquiring an additional 470,198 shares during the period. HPM Partners LLC raised its position in shares of Lloyds Banking Group by 21.8% in the 3rd quarter. HPM Partners LLC now owns 105,252 shares of the financial services provider’s stock worth $320,000 after acquiring an additional 18,804 shares in the last quarter. Martin Capital Partners LLC bought a new position in shares of Lloyds Banking Group in the 3rd quarter worth approximately $1,566,000. Jane Street Group LLC bought a new position in Lloyds Banking Group during the 3rd quarter valued at approximately $3,330,000. Finally, Capital Guardian Trust Co. increased its position in Lloyds Banking Group by 0.8% during the 3rd quarter. Capital Guardian Trust Co. now owns 5,290,733 shares of the financial services provider’s stock valued at $16,084,000 after buying an additional 42,791 shares in the last quarter. Institutional investors and hedge funds own 2.36% of the company’s stock.

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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Analyst Recommendations for Lloyds Banking Group (NYSE:LYG)

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