Mount Yale Investment Advisors LLC acquired a new stake in Lloyds Banking Group plc (NYSE:LYG – Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 191,614 shares of the financial services provider’s stock, valued at approximately $496,000.
A number of other institutional investors also recently made changes to their positions in the business. Mondrian Investment Partners LTD boosted its position in Lloyds Banking Group by 39.2% during 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 period. CIBC Private Wealth Group LLC raised its holdings 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 worth $70,975,000 after purchasing an additional 17,814,615 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings 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 worth $52,978,000 after purchasing an additional 1,180,775 shares in the last quarter. Morningstar Investment Services LLC raised its holdings 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 worth $50,966,000 after purchasing an additional 10,406,673 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings 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 worth $44,528,000 after purchasing an additional 439,009 shares in the last quarter. Hedge funds and other institutional investors own 2.15% of the company’s stock.
Lloyds Banking Group Stock Performance
Shares of NYSE LYG traded up $0.01 during trading on Monday, reaching $3.10. 13,828,033 shares of the company traded hands, compared to its average volume of 9,208,816. The firm has a 50 day simple moving average of $2.86 and a 200-day simple moving average of $2.56. The company has a quick ratio of 1.48, a current ratio of 1.45 and a debt-to-equity ratio of 1.89. The stock has a market capitalization of $48.45 billion, a PE ratio of 8.18 and a beta of 1.35. Lloyds Banking Group plc has a 52-week low of $1.88 and a 52-week high of $3.13.
Lloyds Banking Group Increases Dividend
Analyst Upgrades and Downgrades
Several research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Lloyds Banking Group in a report on Thursday, May 9th. They issued a “buy” rating for the company. BNP Paribas upgraded shares of Lloyds Banking Group from a “neutral” rating to an “outperform” rating in a research note on Friday, July 5th. Royal Bank of Canada lowered shares of Lloyds Banking Group from an “outperform” rating to a “sector perform” rating in a research note on Friday. Finally, Berenberg Bank assumed coverage on shares of Lloyds Banking Group in a research note on Thursday, April 25th. They issued a “hold” rating and a $2.75 price target for the company. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $32.38.
Read Our Latest Stock Report on LYG
Lloyds Banking Group Profile
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.
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