Centiva Capital LP Buys 40,080 Shares of Lloyds Banking Group plc (NYSE:LYG)

Centiva Capital LP raised its stake in shares of Lloyds Banking Group plc (NYSE:LYG) by 73.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 94,542 shares of the financial services provider’s stock after purchasing an additional 40,080 shares during the period. Centiva Capital LP’s holdings in Lloyds Banking Group were worth $295,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Interchange Capital Partners LLC purchased a new position in shares of Lloyds Banking Group in the second quarter valued at about $28,000. Tcwp LLC purchased a new position in shares of Lloyds Banking Group in the second quarter valued at about $32,000. Aletheian Wealth Advisors LLC purchased a new position in shares of Lloyds Banking Group in the third quarter valued at about $34,000. Fiduciary Financial Group LLC purchased a new position in shares of Lloyds Banking Group in the second quarter valued at about $35,000. Finally, Rothschild Investment LLC purchased a new position in shares of Lloyds Banking Group in the second quarter valued at about $35,000. 2.15% of the stock is currently owned by hedge funds and other institutional investors.

Lloyds Banking Group Trading Down 0.6 %

Shares of LYG stock opened at $2.69 on Wednesday. Lloyds Banking Group plc has a 1 year low of $2.00 and a 1 year high of $3.24. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.45 and a quick ratio of 1.48. The stock’s 50 day simple moving average is $2.89 and its two-hundred day simple moving average is $2.92. The company has a market cap of $41.06 billion, a PE ratio of 6.88 and a beta of 1.33.

Wall Street Analyst Weigh In

Several brokerages have recently commented on LYG. Kepler Capital Markets began coverage on Lloyds Banking Group in a research report on Thursday, September 5th. They issued a “hold” rating on the stock. Morgan Stanley downgraded Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, October 30th. Finally, The Goldman Sachs Group began coverage on Lloyds Banking Group in a research report on Friday, October 4th. They issued a “neutral” rating on the stock. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $2.75.

Lloyds Banking Group Profile

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.