Lloyds Banking Group PLC (NYSE:LYG) saw a significant decline in short interest in the month of October. As of October 31st, there was short interest totalling 4,061,696 shares, a decline of 37.2% from the October 14th total of 6,464,858 shares. Based on an average daily volume of 3,310,327 shares, the short-interest ratio is presently 1.2 days.

Several large investors have recently added to or reduced their stakes in the stock. Fisher Asset Management LLC boosted its stake in Lloyds Banking Group PLC by 28.5% in the third quarter. Fisher Asset Management LLC now owns 107,409,120 shares of the financial services provider’s stock valued at $308,264,000 after buying an additional 23,821,430 shares during the last quarter. Macquarie Group Ltd. boosted its stake in Lloyds Banking Group PLC by 30.8% in the second quarter. Macquarie Group Ltd. now owns 33,137,686 shares of the financial services provider’s stock valued at $98,419,000 after buying an additional 7,810,110 shares during the last quarter. Mondrian Investment Partners LTD boosted its stake in Lloyds Banking Group PLC by 75.9% in the second quarter. Mondrian Investment Partners LTD now owns 8,876,966 shares of the financial services provider’s stock valued at $26,365,000 after buying an additional 3,828,969 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Lloyds Banking Group PLC by 83.1% in the first quarter. Renaissance Technologies LLC now owns 4,902,600 shares of the financial services provider’s stock valued at $19,365,000 after buying an additional 2,224,500 shares during the last quarter. Finally, Ngam Advisors L.P. boosted its stake in Lloyds Banking Group PLC by 101.9% in the second quarter. Ngam Advisors L.P. now owns 3,006,009 shares of the financial services provider’s stock valued at $8,928,000 after buying an additional 1,517,443 shares during the last quarter. Hedge funds and other institutional investors own 1.72% of the company’s stock.

Shares of Lloyds Banking Group PLC (NYSE:LYG) opened at 3.02 on Thursday. Lloyds Banking Group PLC has a 12-month low of $2.47 and a 12-month high of $4.58. The company’s 50-day moving average is $2.80 and its 200-day moving average is $3.22. The company has a market capitalization of $45.91 billion, a price-to-earnings ratio of 41.94 and a beta of 1.33.

Several research firms have recently issued reports on LYG. Deutsche Bank AG lowered shares of Lloyds Banking Group PLC from a “buy” rating to a “hold” rating in a research report on Monday, September 5th. Zacks Investment Research raised shares of Lloyds Banking Group PLC from a “sell” rating to a “hold” rating in a research note on Thursday, September 1st. Citigroup Inc. reaffirmed a “sell” rating on shares of Lloyds Banking Group PLC in a research note on Wednesday, August 31st. Investec raised shares of Lloyds Banking Group PLC from a “hold” rating to a “buy” rating in a research note on Thursday, August 25th. Finally, Goldman Sachs Group Inc. reaffirmed a “sell” rating on shares of Lloyds Banking Group PLC in a research note on Tuesday. Five research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the stock. Lloyds Banking Group PLC presently has a consensus rating of “Hold” and an average target price of GBX 46.75 ($0.58).

About Lloyds Banking Group PLC

LLOYDS BANKING GROUP plc provides financial services to individual and business customers in the United Kingdom but also overseas. The Company’s business activities include retail and commercial banking, long-term savings, protection and investment. It operates through its segments, including Retail, Commercial Banking, Consumer Finance and Insurance.

5 Day Chart for NYSE:LYG

Receive News & Stock Ratings for Lloyds Banking Group PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lloyds Banking Group PLC and related stocks with our FREE daily email newsletter.