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.

Lloyds Banking Group (NYSE:LYG) last issued its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.14 earnings per share for the quarter. Lloyds Banking Group had a return on equity of 18.38% and a net margin of 19.22%. equities analysts anticipate that Lloyds Banking Group will post 0.42 EPS for the current year.

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.

Analyst Recommendations for Lloyds Banking Group (NYSE:LYG)

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