Oppenheimer Asset Management Inc. Boosts Stock Position in Lloyds Banking Group plc (NYSE:LYG)

Oppenheimer Asset Management Inc. raised its position in shares of Lloyds Banking Group plc (NYSE:LYG) by 22.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,022,677 shares of the financial services provider’s stock after buying an additional 186,443 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Lloyds Banking Group were worth $3,191,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Aptus Capital Advisors LLC boosted its stake in Lloyds Banking Group by 38.7% in the third quarter. Aptus Capital Advisors LLC now owns 18,984 shares of the financial services provider’s stock valued at $59,000 after acquiring an additional 5,294 shares in the last quarter. Crossmark Global Holdings Inc. lifted its holdings in shares of Lloyds Banking Group by 0.4% during 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 purchasing an additional 18,494 shares during the last quarter. Axxcess Wealth Management LLC boosted its position in shares of Lloyds Banking Group by 56.6% in the 3rd quarter. Axxcess Wealth Management LLC now owns 61,460 shares of the financial services provider’s stock worth $192,000 after purchasing an additional 22,209 shares in the last quarter. Legacy Capital Wealth Partners LLC purchased a new position in Lloyds Banking Group during the 3rd quarter worth $69,000. Finally, Atria Investments Inc increased its position in Lloyds Banking Group by 19.1% during the 3rd quarter. Atria Investments Inc now owns 306,886 shares of the financial services provider’s stock valued at $957,000 after buying an additional 49,237 shares in the last quarter. Hedge funds and other institutional investors own 2.15% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on LYG. Morgan Stanley lowered Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, October 30th. Royal Bank of Canada lowered shares of Lloyds Banking Group from an “outperform” rating to a “sector perform” rating in a research note on Friday, July 26th. Kepler Capital Markets started coverage on shares of Lloyds Banking Group in a research note on Thursday, September 5th. They set a “hold” rating for the company. The Goldman Sachs Group started coverage on Lloyds Banking Group in a research report on Friday, October 4th. They issued a “neutral” rating on the stock. Finally, Citigroup cut Lloyds Banking Group from a “buy” rating to a “neutral” rating in a research report on Monday, August 5th. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Lloyds Banking Group presently has a consensus rating of “Hold” and a consensus target price of $2.75.

Lloyds Banking Group Trading Up 2.7 %

Shares of Lloyds Banking Group stock opened at $2.84 on Friday. The stock has a market cap of $43.58 billion, a PE ratio of 7.27 and a beta of 1.35. The firm has a fifty day moving average price of $3.01 and a 200 day moving average price of $2.91. 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.

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.