HF Advisory Group LLC Buys 12,258 Shares of Lloyds Banking Group plc (NYSE:LYG)

HF Advisory Group LLC grew its stake in Lloyds Banking Group plc (NYSE:LYG) by 3.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 343,028 shares of the financial services provider’s stock after purchasing an additional 12,258 shares during the quarter. HF Advisory Group LLC’s holdings in Lloyds Banking Group were worth $933,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Clearbridge Investments LLC purchased a new position in Lloyds Banking Group during the 2nd quarter worth $36,252,000. Envestnet Asset Management Inc. boosted its holdings in Lloyds Banking Group by 49.6% during the second 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. FMR LLC grew its position in Lloyds Banking Group by 14.7% in the 3rd 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 in the last quarter. JPMorgan Chase & Co. increased its stake in Lloyds Banking Group by 58.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,659,629 shares of the financial services provider’s stock valued at $20,778,000 after buying an additional 2,456,914 shares during the last quarter. Finally, Raymond James & Associates lifted its position in shares of Lloyds Banking Group by 37.4% during the 3rd quarter. Raymond James & Associates now owns 3,416,484 shares of the financial services provider’s stock worth $10,659,000 after buying an additional 929,478 shares in the last quarter. Hedge funds and other institutional investors own 2.15% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on LYG shares. Morgan Stanley lowered Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a report on Wednesday, October 30th. The Goldman Sachs Group assumed coverage on Lloyds Banking Group in a research note on Friday, October 4th. They set a “neutral” rating on the stock. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $2.75.

Lloyds Banking Group Price Performance

Shares of LYG opened at $2.86 on Friday. The firm has a market cap of $43.26 billion, a PE ratio of 7.32 and a beta of 1.31. Lloyds Banking Group plc has a 1 year low of $2.00 and a 1 year high of $3.24. The stock’s fifty day moving average price is $2.73 and its two-hundred day moving average price is $2.91.

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.