Lloyds Banking Group plc (NYSE:LYG) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Lloyds Banking Group plc (NYSE:LYGGet Free Report) have earned an average recommendation of “Hold” from the seven ratings firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $73.44.

Several equities research analysts have issued reports on the company. Bank of America upgraded Lloyds Banking Group from a “neutral” rating to a “buy” rating in a report on Thursday, March 21st. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Lloyds Banking Group in a report on Thursday, May 9th. They issued a “buy” rating on the stock. Finally, Berenberg Bank initiated coverage on shares of Lloyds Banking Group in a research report on Thursday, April 25th. They issued a “hold” rating and a $2.75 target price for the company.

Read Our Latest Stock Report on Lloyds Banking Group

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Keynote Financial Services LLC bought a new position in Lloyds Banking Group in the first quarter worth about $64,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Lloyds Banking Group by 44.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 16,072 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 4,955 shares during the last quarter. Cetera Advisors LLC boosted its position in Lloyds Banking Group by 14.0% during the 1st quarter. Cetera Advisors LLC now owns 272,764 shares of the financial services provider’s stock valued at $706,000 after purchasing an additional 33,473 shares during the period. Cetera Investment Advisers grew its stake in Lloyds Banking Group by 1,653.7% during the 1st quarter. Cetera Investment Advisers now owns 1,214,920 shares of the financial services provider’s stock worth $3,147,000 after buying an additional 1,145,643 shares during the last quarter. Finally, Virtu Financial LLC lifted its stake in Lloyds Banking Group by 553.5% in the first quarter. Virtu Financial LLC now owns 895,221 shares of the financial services provider’s stock valued at $2,319,000 after buying an additional 758,228 shares during the last quarter. 2.15% of the stock is currently owned by institutional investors.

Lloyds Banking Group Price Performance

Shares of LYG stock opened at $2.76 on Friday. The firm has a fifty day simple moving average of $2.68 and a 200-day simple moving average of $2.45. The company has a market capitalization of $43.39 billion, a PE ratio of 7.26, a price-to-earnings-growth ratio of 1.14 and a beta of 1.33. Lloyds Banking Group has a twelve month low of $1.88 and a twelve month high of $2.87. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 1.82.

Lloyds Banking Group (NYSE:LYGGet Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $0.09 earnings per share for the quarter. Lloyds Banking Group had a net margin of 13.41% and a return on equity of 10.35%. The company had revenue of $14.35 billion during the quarter. Equities research analysts anticipate that Lloyds Banking Group will post 0.32 earnings per share for the current fiscal year.

About Lloyds Banking Group

(Get Free Report

Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial services in the United Kingdom and internationally. It operates in three segments: Retail; Commercial Banking; and Insurance, Pensions and Investments. The Retail segment offers a range of financial service products, including current accounts, savings, mortgages, motor finance, unsecured loans, leasing solutions, and credit cards to personal customers.

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Analyst Recommendations for Lloyds Banking Group (NYSE:LYG)

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