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.
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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