Bard Financial Services Inc. Buys 13,500 Shares of Lloyds Banking Group plc (NYSE:LYG)

Bard Financial Services Inc. boosted its position in shares of Lloyds Banking Group plc (NYSE:LYG) by 0.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,426,305 shares of the financial services provider’s stock after acquiring an additional 13,500 shares during the period. Bard Financial Services Inc.’s holdings in Lloyds Banking Group were worth $6,600,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in LYG. Clearbridge Investments LLC bought a new position in shares of Lloyds Banking Group in the second quarter worth about $36,252,000. Envestnet Asset Management Inc. boosted its stake 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 worth $23,415,000 after purchasing an additional 2,841,956 shares during the period. FMR LLC grew its holdings 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 valued at $60,154,000 after buying an additional 2,472,263 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Lloyds Banking Group by 58.5% in the third quarter. JPMorgan Chase & Co. now owns 6,659,629 shares of the financial services provider’s stock worth $20,778,000 after buying an additional 2,456,914 shares in the last quarter. Finally, First Eagle Investment Management LLC boosted its position in shares of Lloyds Banking Group by 25.3% during the second quarter. First Eagle Investment Management LLC now owns 5,087,379 shares of the financial services provider’s stock worth $13,889,000 after acquiring an additional 1,026,639 shares during the last quarter. Hedge funds and other institutional investors own 2.15% of the company’s stock.

Lloyds Banking Group Trading Up 3.0 %

NYSE LYG traded up $0.08 during trading on Monday, hitting $2.77. The stock had a trading volume of 8,952,373 shares, compared to its average volume of 11,350,644. The stock has a market capitalization of $41.97 billion, a price-to-earnings ratio of 7.10 and a beta of 1.31. The stock has a 50 day simple moving average of $2.74 and a 200 day simple moving average of $2.91. Lloyds Banking Group plc has a one year low of $2.00 and a one year high of $3.24. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.48 and a current ratio of 1.45.

Analyst Ratings Changes

LYG has been the topic of several research analyst reports. The Goldman Sachs Group initiated coverage on shares of Lloyds Banking Group in a research note on Friday, October 4th. They issued a “neutral” rating on the stock. Morgan Stanley downgraded Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, October 30th. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Lloyds Banking Group presently has an average 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.