Investment Analysts’ Recent Ratings Changes for Lloyds Banking Group (LYG)

Several brokerages have updated their recommendations and price targets on shares of Lloyds Banking Group (NYSE: LYG) in the last few weeks:

  • 2/11/2019 – Lloyds Banking Group was upgraded by analysts at Morgan Stanley from an “equal” rating to a “weight” rating.
  • 2/7/2019 – Lloyds Banking Group was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Lloyds Banking Group plc, formerly Lloyds TSB Group plc, is a United Kingdom-based financial services company, whose businesses provide a range of banking and financial services in the United Kingdom and a limited number of locations overseas. Headquartered in London, the company operates through three segments: UK Retail Banking, Insurance and Investments, and Wholesale and International Banking. The UK Retail Banking segment provides banking and financial services, mortgages, and private banking services. The Insurance and Investments segment offers life assurance, pensions and savings products, general insurance, and fund management services. The Wholesale and International Banking segment provides banking and related services for companies, small and medium-sized businesses, banks, and financial institutions; and asset finance to personal and corporate customers. “
  • 2/1/2019 – Lloyds Banking Group was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Lloyds Banking Group plc, formerly Lloyds TSB Group plc, is a United Kingdom-based financial services company, whose businesses provide a range of banking and financial services in the United Kingdom and a limited number of locations overseas. Headquartered in London, the company operates through three segments: UK Retail Banking, Insurance and Investments, and Wholesale and International Banking. The UK Retail Banking segment provides banking and financial services, mortgages, and private banking services. The Insurance and Investments segment offers life assurance, pensions and savings products, general insurance, and fund management services. The Wholesale and International Banking segment provides banking and related services for companies, small and medium-sized businesses, banks, and financial institutions; and asset finance to personal and corporate customers. “
  • 1/25/2019 – Lloyds Banking Group was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Lloyds Banking Group plc, formerly Lloyds TSB Group plc, is a United Kingdom-based financial services company, whose businesses provide a range of banking and financial services in the United Kingdom and a limited number of locations overseas. Headquartered in London, the company operates through three segments: UK Retail Banking, Insurance and Investments, and Wholesale and International Banking. The UK Retail Banking segment provides banking and financial services, mortgages, and private banking services. The Insurance and Investments segment offers life assurance, pensions and savings products, general insurance, and fund management services. The Wholesale and International Banking segment provides banking and related services for companies, small and medium-sized businesses, banks, and financial institutions; and asset finance to personal and corporate customers. “
  • 1/24/2019 – Lloyds Banking Group was upgraded by analysts at Keefe, Bruyette & Woods from an “underperform” rating to an “outperform” rating.
  • 1/22/2019 – Lloyds Banking Group had its “buy” rating reaffirmed by analysts at JPMorgan Chase & Co..
  • 1/18/2019 – Lloyds Banking Group was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Lloyds Banking Group plc, formerly Lloyds TSB Group plc, is a United Kingdom-based financial services company, whose businesses provide a range of banking and financial services in the United Kingdom and a limited number of locations overseas. Headquartered in London, the company operates through three segments: UK Retail Banking, Insurance and Investments, and Wholesale and International Banking. The UK Retail Banking segment provides banking and financial services, mortgages, and private banking services. The Insurance and Investments segment offers life assurance, pensions and savings products, general insurance, and fund management services. The Wholesale and International Banking segment provides banking and related services for companies, small and medium-sized businesses, banks, and financial institutions; and asset finance to personal and corporate customers. “
  • 1/11/2019 – Lloyds Banking Group was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Lloyds Banking Group plc, formerly Lloyds TSB Group plc, is a United Kingdom-based financial services company, whose businesses provide a range of banking and financial services in the United Kingdom and a limited number of locations overseas. Headquartered in London, the company operates through three segments: UK Retail Banking, Insurance and Investments, and Wholesale and International Banking. The UK Retail Banking segment provides banking and financial services, mortgages, and private banking services. The Insurance and Investments segment offers life assurance, pensions and savings products, general insurance, and fund management services. The Wholesale and International Banking segment provides banking and related services for companies, small and medium-sized businesses, banks, and financial institutions; and asset finance to personal and corporate customers. “
  • 1/5/2019 – Lloyds Banking Group was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Lloyds Banking Group plc, formerly Lloyds TSB Group plc, is a United Kingdom-based financial services company, whose businesses provide a range of banking and financial services in the United Kingdom and a limited number of locations overseas. Headquartered in London, the company operates through three segments: UK Retail Banking, Insurance and Investments, and Wholesale and International Banking. The UK Retail Banking segment provides banking and financial services, mortgages, and private banking services. The Insurance and Investments segment offers life assurance, pensions and savings products, general insurance, and fund management services. The Wholesale and International Banking segment provides banking and related services for companies, small and medium-sized businesses, banks, and financial institutions; and asset finance to personal and corporate customers. “
  • 1/4/2019 – Lloyds Banking Group was upgraded by analysts at Citigroup Inc from a “neutral” rating to a “buy” rating.
  • 1/1/2019 – Lloyds Banking Group had its “sell” rating reaffirmed by analysts at Goldman Sachs Group Inc.
  • 12/26/2018 – Lloyds Banking Group had its “sell” rating reaffirmed by analysts at Goldman Sachs Group Inc.
  • 12/20/2018 – Lloyds Banking Group had its “sell” rating reaffirmed by analysts at Goldman Sachs Group Inc.

Shares of LYG stock traded up $0.01 on Monday, reaching $2.94. 87,816 shares of the company were exchanged, compared to its average volume of 8,457,885. The stock has a market capitalization of $52.97 billion, a PE ratio of 5.35 and a beta of 1.00. Lloyds Banking Group PLC has a one year low of $2.43 and a one year high of $4.01.

Several hedge funds have recently added to or reduced their stakes in the company. Park National Corp OH boosted its position in shares of Lloyds Banking Group by 24.2% during the 4th quarter. Park National Corp OH now owns 31,856 shares of the financial services provider’s stock worth $82,000 after purchasing an additional 6,201 shares in the last quarter. SRS Capital Advisors Inc. boosted its position in shares of Lloyds Banking Group by 55.3% during the 4th quarter. SRS Capital Advisors Inc. now owns 17,849 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 6,357 shares in the last quarter. Bank of Montreal Can boosted its position in shares of Lloyds Banking Group by 15.5% during the 4th quarter. Bank of Montreal Can now owns 52,357 shares of the financial services provider’s stock worth $134,000 after purchasing an additional 7,009 shares in the last quarter. Integrated Investment Consultants LLC boosted its position in shares of Lloyds Banking Group by 23.6% during the 4th quarter. Integrated Investment Consultants LLC now owns 39,463 shares of the financial services provider’s stock worth $102,000 after purchasing an additional 7,537 shares in the last quarter. Finally, Comerica Securities Inc. boosted its position in shares of Lloyds Banking Group by 56.7% during the 4th quarter. Comerica Securities Inc. now owns 26,703 shares of the financial services provider’s stock worth $68,000 after purchasing an additional 9,661 shares in the last quarter. 1.89% of the stock is currently owned by institutional investors.

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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