Lloyds Banking Group plc (NYSE:LYG) Shares Acquired by Virtu Financial LLC

Virtu Financial LLC boosted its position in Lloyds Banking Group plc (NYSE:LYG) by 325.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 184,829 shares of the financial services provider’s stock after buying an additional 141,409 shares during the period. Virtu Financial LLC’s holdings in Lloyds Banking Group were worth $577,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Clearbridge Investments LLC purchased a new stake in shares of Lloyds Banking Group in the second quarter valued at about $36,252,000. Envestnet Asset Management Inc. boosted its holdings in Lloyds Banking Group by 49.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 8,577,101 shares of the financial services provider’s stock valued at $23,415,000 after purchasing an additional 2,841,956 shares in the last quarter. FMR LLC increased its position in Lloyds Banking Group by 14.7% during 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 during the period. Raymond James & Associates raised its stake in shares of Lloyds Banking Group by 114.5% during the 2nd quarter. Raymond James & Associates now owns 2,487,006 shares of the financial services provider’s stock worth $6,790,000 after buying an additional 1,327,589 shares in the last quarter. Finally, First Eagle Investment Management LLC lifted its holdings in shares of Lloyds Banking Group by 25.3% in the 2nd quarter. First Eagle Investment Management LLC now owns 5,087,379 shares of the financial services provider’s stock valued at $13,889,000 after buying an additional 1,026,639 shares during the period. 2.15% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have issued reports on LYG shares. Kepler Capital Markets initiated coverage on Lloyds Banking Group in a research report on Thursday, September 5th. They issued a “hold” rating for the company. Morgan Stanley cut shares of Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, October 30th. Finally, The Goldman Sachs Group began coverage on shares of 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 stock. According to MarketBeat, Lloyds Banking Group currently has an average rating of “Hold” and a consensus target price of $2.75.

Lloyds Banking Group Price Performance

Lloyds Banking Group stock opened at $2.79 on Friday. The firm has a market capitalization of $42.28 billion, a PE ratio of 7.15 and a beta of 1.32. Lloyds Banking Group plc has a 52 week low of $2.00 and a 52 week high of $3.24. The firm’s 50-day simple moving average is $2.87 and its 200 day simple moving average is $2.92. The company has a quick ratio of 1.48, a current ratio of 1.45 and a debt-to-equity ratio of 1.76.

Lloyds Banking Group Company 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.