Marks Group Wealth Management Inc Buys 83,472 Shares of Lloyds Banking Group plc (NYSE:LYG)

Marks Group Wealth Management Inc raised its position in shares of Lloyds Banking Group plc (NYSE:LYG) by 89.3% during the third quarter, HoldingsChannel reports. The fund owned 176,908 shares of the financial services provider’s stock after acquiring an additional 83,472 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Lloyds Banking Group were worth $552,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in LYG. Mondrian Investment Partners LTD boosted its holdings 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 acquiring an additional 25,351,270 shares during the period. Clearbridge Investments LLC purchased a new stake in shares of Lloyds Banking Group during the second quarter valued at $36,252,000. Envestnet Asset Management Inc. grew its holdings in shares of Lloyds Banking Group by 49.6% in the second quarter. Envestnet Asset Management Inc. now owns 8,577,101 shares of the financial services provider’s stock worth $23,415,000 after purchasing an additional 2,841,956 shares during the last quarter. O Shaughnessy Asset Management LLC increased its stake in Lloyds Banking Group by 195.8% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 2,833,546 shares of the financial services provider’s stock worth $7,339,000 after buying an additional 1,875,688 shares during the period. Finally, Raymond James & Associates lifted its holdings in Lloyds Banking Group by 114.5% during the 2nd quarter. Raymond James & Associates now owns 2,487,006 shares of the financial services provider’s stock valued at $6,790,000 after buying an additional 1,327,589 shares in the last quarter. Hedge funds and other institutional investors own 2.15% of the company’s stock.

Lloyds Banking Group Trading Down 1.2 %

Shares of NYSE:LYG opened at $2.82 on Thursday. The company has a market capitalization of $43.27 billion, a PE ratio of 7.22 and a beta of 1.35. The company has a current ratio of 1.45, a quick ratio of 1.48 and a debt-to-equity ratio of 1.76. Lloyds Banking Group plc has a 12-month low of $1.99 and a 12-month high of $3.24. The business’s fifty day simple moving average is $3.04 and its 200-day simple moving average is $2.91.

Analyst Upgrades and Downgrades

A number of brokerages have commented on LYG. UBS Group restated a “neutral” rating on shares of Lloyds Banking Group in a research note on Tuesday, July 30th. The Goldman Sachs Group assumed coverage on Lloyds Banking Group in a report on Friday, October 4th. They set a “neutral” rating on the stock. Kepler Capital Markets assumed coverage on Lloyds Banking Group in a report on Thursday, September 5th. They issued a “hold” rating for the company. Morgan Stanley lowered Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, October 30th. Finally, Citigroup lowered shares of Lloyds Banking Group from a “buy” rating to a “neutral” rating in a research note on Monday, August 5th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Lloyds Banking Group currently has a consensus rating of “Hold” and an average target price of $2.75.

About Lloyds Banking Group

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.