Lloyds Banking Group plc (NYSE:LYG) Shares Bought by Brookstone Capital Management

Brookstone Capital Management grew its stake in Lloyds Banking Group plc (NYSE:LYG) by 29.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 48,910 shares of the financial services provider’s stock after acquiring an additional 10,981 shares during the quarter. Brookstone Capital Management’s holdings in Lloyds Banking Group were worth $133,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of LYG. FMR LLC increased its position in Lloyds Banking Group by 14.7% during the third quarter. FMR LLC now owns 19,280,034 shares of the financial services provider’s stock worth $60,154,000 after purchasing an additional 2,472,263 shares during the last quarter. Clearbridge Investments LLC purchased a new stake in Lloyds Banking Group in the second quarter valued at approximately $36,252,000. Envestnet Asset Management Inc. grew its position in Lloyds Banking Group by 49.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 8,577,101 shares of the financial services provider’s stock worth $23,415,000 after purchasing an additional 2,841,956 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Lloyds Banking Group by 58.5% during the third quarter. JPMorgan Chase & Co. now owns 6,659,629 shares of the financial services provider’s stock worth $20,778,000 after purchasing an additional 2,456,914 shares during the period. Finally, Crossmark Global Holdings Inc. lifted its holdings in shares of Lloyds Banking Group by 0.4% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 4,894,063 shares of the financial services provider’s stock valued at $15,269,000 after buying an additional 18,494 shares during the period. Hedge funds and other institutional investors own 2.15% of the company’s stock.

Lloyds Banking Group Stock Performance

Lloyds Banking Group stock opened at $2.86 on Monday. Lloyds Banking Group plc has a fifty-two week low of $2.00 and a fifty-two week high of $3.24. The company has a market capitalization of $43.26 billion, a price-to-earnings ratio of 7.32 and a beta of 1.31. The stock has a fifty day moving average of $2.73 and a two-hundred day moving average of $2.91.

Analyst Upgrades and Downgrades

A number of research firms have commented on LYG. Morgan Stanley downgraded Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a report on Wednesday, October 30th. The Goldman Sachs Group began coverage on shares of Lloyds Banking Group in a 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 issued a buy rating to the stock. Based on data from MarketBeat.com, Lloyds Banking Group 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.