Shares of Lloyds Banking Group PLC (NYSE:LYG) have earned an average rating of “Hold” from the eleven brokerages that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and three have given a buy recommendation to the company.

A number of brokerages recently issued reports on LYG. Zacks Investment Research lowered Lloyds Banking Group from a “hold” rating to a “sell” rating in a research note on Tuesday. JPMorgan Chase & Co. lowered Lloyds Banking Group from an “overweight” rating to a “neutral” rating in a research note on Tuesday, July 16th. Keefe, Bruyette & Woods lowered Lloyds Banking Group from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 28th. Davy Research upgraded Lloyds Banking Group from a “neutral” rating to an “outperform” rating in a research note on Tuesday, May 28th. Finally, Bank of America lowered Lloyds Banking Group from a “buy” rating to an “underperform” rating in a research note on Thursday, April 18th.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cambiar Investors LLC boosted its holdings in Lloyds Banking Group by 11.2% in the 1st quarter. Cambiar Investors LLC now owns 43,880,682 shares of the financial services provider’s stock worth $140,857,000 after buying an additional 4,405,176 shares during the last quarter. Bank of America Corp DE boosted its holdings in Lloyds Banking Group by 5.0% in the 2nd quarter. Bank of America Corp DE now owns 20,251,067 shares of the financial services provider’s stock worth $57,513,000 after buying an additional 970,068 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Lloyds Banking Group by 59.3% in the 2nd quarter. Renaissance Technologies LLC now owns 16,428,100 shares of the financial services provider’s stock worth $46,656,000 after buying an additional 6,116,500 shares during the last quarter. Parametric Portfolio Associates LLC boosted its holdings in Lloyds Banking Group by 7.5% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 12,156,073 shares of the financial services provider’s stock worth $34,523,000 after buying an additional 849,201 shares during the last quarter. Finally, Schafer Cullen Capital Management Inc boosted its holdings in Lloyds Banking Group by 18.0% in the 2nd quarter. Schafer Cullen Capital Management Inc now owns 10,110,437 shares of the financial services provider’s stock worth $29,017,000 after buying an additional 1,543,978 shares during the last quarter. Institutional investors and hedge funds own 1.93% of the company’s stock.

LYG stock traded up $0.01 during midday trading on Wednesday, reaching $2.33. The stock had a trading volume of 11,348,700 shares, compared to its average volume of 6,145,937. The firm has a market cap of $41.62 billion, a PE ratio of 7.03 and a beta of 1.03. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 2.36. The firm has a fifty day simple moving average of $2.71. Lloyds Banking Group has a 52-week low of $2.30 and a 52-week high of $3.46.

About Lloyds Banking Group

Lloyds Banking Group plc provides banking and financial services under the Lloyds Bank, Halifax, Bank of Scotland, and Scottish Widows brands in the United Kingdom and internationally. It operates through three segments: Retail, Commercial Banking, and Insurance and Wealth. The Retail segment offers a range of financial service products, including current accounts, savings accounts, mortgages, motor finance, unsecured consumer loans, leasing solutions, and credit cards to personal and small business customers.

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Analyst Recommendations for Lloyds Banking Group (NYSE:LYG)

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