Lloyds Banking Group plc (NYSE:LYG) Given Average Rating of “Hold” by Brokerages

Lloyds Banking Group plc (NYSE:LYGGet Free Report) has received an average rating of “Hold” from the six ratings firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $73.44.

LYG has been the subject of a number of recent research reports. Berenberg Bank initiated coverage on Lloyds Banking Group in a report on Thursday, April 25th. They issued a “hold” rating and a $2.75 target price for the company. Bank of America raised Lloyds Banking Group from a “neutral” rating to a “buy” rating in a report on Thursday, March 21st. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Lloyds Banking Group in a report on Thursday, May 9th. They issued a “buy” rating for the company.

View Our Latest Research Report on Lloyds Banking Group

Lloyds Banking Group Price Performance

Shares of LYG stock opened at $2.82 on Friday. The stock has a 50 day moving average of $2.69 and a two-hundred day moving average of $2.46. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 1.82. Lloyds Banking Group has a 12 month low of $1.88 and a 12 month high of $2.87. The company has a market capitalization of $44.25 billion, a P/E ratio of 7.41, a P/E/G ratio of 1.16 and a beta of 1.33.

Lloyds Banking Group (NYSE:LYGGet Free Report) last announced its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $0.09 EPS for the quarter. Lloyds Banking Group had a return on equity of 10.35% and a net margin of 13.41%. The company had revenue of $14.35 billion during the quarter. As a group, equities analysts expect that Lloyds Banking Group will post 0.32 EPS for the current year.

Institutional Investors Weigh In On Lloyds Banking Group

A number of hedge funds and other institutional investors have recently bought and sold shares of LYG. Mondrian Investment Partners LTD boosted its position in Lloyds Banking Group by 39.2% in the 1st quarter. Mondrian Investment Partners LTD now owns 89,948,537 shares of the financial services provider’s stock valued at $232,967,000 after buying an additional 25,351,270 shares during the last quarter. CIBC Private Wealth Group LLC boosted its position in Lloyds Banking Group by 149.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 29,696,591 shares of the financial services provider’s stock valued at $70,975,000 after buying an additional 17,814,615 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Lloyds Banking Group by 5.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 22,166,362 shares of the financial services provider’s stock valued at $52,978,000 after buying an additional 1,180,775 shares during the last quarter. Morningstar Investment Services LLC boosted its position in Lloyds Banking Group by 96.9% in the 4th quarter. Morningstar Investment Services LLC now owns 21,147,627 shares of the financial services provider’s stock valued at $50,966,000 after buying an additional 10,406,673 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Lloyds Banking Group by 2.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 18,625,679 shares of the financial services provider’s stock valued at $44,528,000 after buying an additional 439,009 shares during the last quarter. 2.15% of the stock is owned by institutional investors and hedge funds.

About Lloyds Banking Group

(Get Free Report

Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial services in the United Kingdom and internationally. It operates in three segments: Retail; Commercial Banking; and Insurance, Pensions and Investments. The Retail segment offers a range of financial service products, including current accounts, savings, mortgages, motor finance, unsecured loans, leasing solutions, and credit cards to personal customers.

Further Reading

Analyst Recommendations for Lloyds Banking Group (NYSE:LYG)

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