Shares of Lloyds Banking Group plc (NYSE:LYG) have been given an average rating of “Buy” by the seventeen analysts who currently cover the stock, Marketbeat.com reports. Five investment analysts rated the stock with a hold recommendation and twelve gave the company a buy recommendation.

A number of brokerages have recently commented on LYG. Exane BNP Paribas raised shares of Lloyds Banking Group from a “neutral” rating to an “outperforming” rating in a research report on Monday (November 1). JPMorgan Chase & Co. reiterated an “overweight” rating on Lloyds Banking Group shares in a Monday, Dec. 6 research report. Zacks Investment Research upgraded Lloyds Banking Group shares from a “sell” rating to a “hold” rating in a research report on Friday, January 14. Morgan Stanley reiterated an “overweight” rating on Lloyds Banking Group shares in a Tuesday, Nov. 2 research report. Finally, UBS Group reiterated a “buy” rating on Lloyds Banking Group shares in a Monday, November 1 research report.

NYSE: LYG traded at $0.01 during Friday trading hours, hitting $2.72. The stock had a trading volume of 13,835,046 shares, compared to an average volume of 11,384,774. Lloyds Banking Group has a one-year low of $1.74 and a one-year high of $3.00 $. The company has a 50-day simple moving average of $2.60 and a two-hundred-day simple moving average of $2.54.

Lloyds Banking Group (NYSE:LYG) last released quarterly earnings data on Thursday, October 28. The financial services provider reported earnings per share (EPS) of $0.15 for the quarter. The company posted revenue of $5.77 billion for the quarter. Equity research analysts expect Lloyds Banking Group to post EPS of 0.45 for the current financial year.

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Major investors have recently been buying and selling stocks. Morgan Stanley increased its stake in Lloyds Banking Group by 493.6% during the second quarter. Morgan Stanley now owns 13,779,953 shares of the financial services provider worth $35,139,000 after acquiring an additional 11,458,529 shares last quarter. Vista Wealth Management Group LLC bought a new position in shares of Lloyds Banking Group in the third quarter worth about $26,000. Qtron Investments LLC bought a new position in shares of Lloyds Banking Group in the third quarter worth approximately $298,000. United Capital Financial Advisers LLC bought a new position in shares of Lloyds Banking Group in the second quarter worth about $55,000. Finally, Veriti Management LLC increased its stake in Lloyds Banking Group shares by 57.5% in the third quarter. Veriti Management LLC now owns 284,930 shares of the financial services provider worth $698,000 after purchasing an additional 104,006 shares last quarter. 1.41% of the shares are currently held by institutional investors and hedge funds.

About Lloyds Banking Group

Lloyds Banking Group Plc is a financial services company that provides a wide range of banking and financial services. It operates through the following segments: Retail, Commercial Banking and Insurance and Wealth. The Retail segment offers a wide range of financial services products, including checking accounts, savings accounts, mortgages, car loans and unsecured consumer loans to individuals and small businesses.

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Analyst recommendations for Lloyds Banking Group (NYSE: LYG)

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