Lloyds Banking Group plc (NYSE:LYG) Stock Position Increased by HighTower Advisors LLC

HighTower Advisors LLC lifted its position in Lloyds Banking Group plc (NYSE:LYG) by 40.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 905,701 shares of the financial services provider’s stock after buying an additional 261,129 shares during the period. HighTower Advisors LLC’s holdings in Lloyds Banking Group were worth $2,824,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Interchange Capital Partners LLC bought a new stake in shares of Lloyds Banking Group in the 2nd quarter worth $28,000. Tcwp LLC acquired a new stake in shares of Lloyds Banking Group during the second quarter worth $32,000. Aletheian Wealth Advisors LLC acquired a new stake in shares of Lloyds Banking Group during the third quarter worth $34,000. Fiduciary Financial Group LLC acquired a new stake in shares of Lloyds Banking Group during the second quarter worth $35,000. Finally, Rothschild Investment LLC acquired a new stake in shares of Lloyds Banking Group during the second quarter worth $35,000. Institutional investors own 2.15% of the company’s stock.

Lloyds Banking Group Stock Performance

Shares of NYSE LYG opened at $2.76 on Friday. The business’s 50-day moving average price is $2.88 and its two-hundred day moving average price is $2.92. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.45 and a quick ratio of 1.48. Lloyds Banking Group plc has a one year low of $2.00 and a one year high of $3.24. The company has a market capitalization of $42.21 billion, a P/E ratio of 7.15 and a beta of 1.33.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Kepler Capital Markets began coverage on Lloyds Banking Group in a research report on Thursday, September 5th. They set a “hold” rating on the stock. Morgan Stanley lowered 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 set a “neutral” rating on the stock. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $2.75.

About Lloyds Banking Group

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.