Lloyds Banking Group (LYG) Raised to Outperform at BNP Paribas
BNP Paribas upgraded shares of Lloyds Banking Group (NYSE:LYG) from a neutral rating to an outperform rating in a report issued on Wednesday, MarketBeat.com reports.
Several other equities research analysts have also recently weighed in on the company. Goldman Sachs Group reaffirmed a sell rating on shares of Lloyds Banking Group in a research note on Wednesday, December 6th. Zacks Investment Research raised Lloyds Banking Group from a sell rating to a hold rating in a research note on Wednesday, December 13th. Credit Suisse Group raised Lloyds Banking Group from a neutral rating to an outperform rating in a research note on Tuesday, October 10th. UBS Group reissued a buy rating on shares of Lloyds Banking Group in a research note on Monday, December 11th. Finally, Macquarie cut Lloyds Banking Group from a neutral rating to an underperform rating in a research note on Wednesday, November 29th. Six investment analysts have rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $4.00.
Shares of Lloyds Banking Group (NYSE:LYG) traded up $0.05 during mid-day trading on Wednesday, reaching $4.08. The company had a trading volume of 10,722,897 shares, compared to its average volume of 4,110,000. The stock has a market capitalization of $71,790.00, a PE ratio of 17.00 and a beta of 0.76. Lloyds Banking Group has a 12 month low of $3.15 and a 12 month high of $4.09.
Several large investors have recently made changes to their positions in LYG. Cambiar Investors LLC bought a new position in shares of Lloyds Banking Group during the third quarter valued at $11,152,000. Fisher Asset Management LLC lifted its holdings in shares of Lloyds Banking Group by 2.3% during the third quarter. Fisher Asset Management LLC now owns 119,266,160 shares of the financial services provider’s stock valued at $436,514,000 after purchasing an additional 2,673,114 shares in the last quarter. Crossmark Global Holdings Inc. bought a new position in shares of Lloyds Banking Group during the third quarter valued at $5,898,000. Parametric Portfolio Associates LLC lifted its holdings in shares of Lloyds Banking Group by 16.7% during the second quarter. Parametric Portfolio Associates LLC now owns 9,156,686 shares of the financial services provider’s stock valued at $32,323,000 after purchasing an additional 1,313,408 shares in the last quarter. Finally, Mondrian Investment Partners LTD lifted its holdings in Lloyds Banking Group by 6.4% in the third quarter. Mondrian Investment Partners LTD now owns 14,836,206 shares of the financial services provider’s stock valued at $54,301,000 after acquiring an additional 890,000 shares during the period. 2.11% of the stock is currently owned by hedge funds and other institutional investors.
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About Lloyds Banking Group
Lloyds Banking Group plc is a provider of financial services to individual and business customers in the United Kingdom. The Company’s main business activities are retail and commercial banking, general insurance, and long-term savings, protection and investment. The Company’s segments are Retail, Commercial Banking, Consumer Finance, Insurance and Other.
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