Eqis Capital Management Inc. grew its holdings in Lloyds Banking Group PLC (NYSE:LYG) by 3.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 278,390 shares of the financial services provider’s stock after acquiring an additional 9,470 shares during the period. Eqis Capital Management Inc.’s holdings in Lloyds Banking Group were worth $735,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its stake in shares of Lloyds Banking Group by 6.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 4,050,057 shares of the financial services provider’s stock valued at $11,502,000 after purchasing an additional 254,365 shares during the period. American Trust Investment Advisors LLC lifted its stake in shares of Lloyds Banking Group by 22.4% in the 2nd quarter. American Trust Investment Advisors LLC now owns 77,600 shares of the financial services provider’s stock valued at $220,000 after purchasing an additional 14,210 shares during the period. Sawtooth Solutions LLC acquired a new position in shares of Lloyds Banking Group in the 2nd quarter valued at $99,000. GWM Advisors LLC lifted its stake in shares of Lloyds Banking Group by 43.3% in the 2nd quarter. GWM Advisors LLC now owns 39,479 shares of the financial services provider’s stock valued at $112,000 after purchasing an additional 11,938 shares during the period. Finally, First Trust Advisors LP lifted its stake in shares of Lloyds Banking Group by 44.1% in the 2nd quarter. First Trust Advisors LP now owns 60,228 shares of the financial services provider’s stock valued at $171,000 after purchasing an additional 18,443 shares during the period. 1.99% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have weighed in on LYG shares. UBS Group restated a “buy” rating on shares of Lloyds Banking Group in a research report on Tuesday, October 15th. ValuEngine cut shares of Lloyds Banking Group from a “sell” rating to a “strong sell” rating in a research report on Monday, October 21st. Keefe, Bruyette & Woods cut shares of Lloyds Banking Group from a “market perform” rating to an “underperform” rating in a research report on Thursday, September 5th. Deutsche Bank cut shares of Lloyds Banking Group from a “buy” rating to a “hold” rating in a research report on Friday, September 6th. Finally, Zacks Investment Research upgraded shares of Lloyds Banking Group from a “sell” rating to a “hold” rating and set a $3.50 price objective for the company in a research report on Thursday, October 24th. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $3.50.

NYSE:LYG traded down $0.03 during trading hours on Thursday, reaching $2.99. 42,884 shares of the company were exchanged, compared to its average volume of 6,963,475. The company has a current ratio of 0.17, a quick ratio of 1.49 and a debt-to-equity ratio of 2.53. The stock’s 50-day moving average is $2.84 and its 200-day moving average is $2.79. The firm has a market cap of $52.33 billion, a PE ratio of 9.08 and a beta of 1.08. Lloyds Banking Group PLC has a twelve month low of $2.30 and a twelve month high of $3.46.

Lloyds Banking Group Company Profile

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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Institutional Ownership by Quarter for Lloyds Banking Group (NYSE:LYG)

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