Traveka Wealth LLC Purchases Shares of 27,901 Lloyds Banking Group plc (NYSE:LYG)

Traveka Wealth LLC acquired a new position in shares of Lloyds Banking Group plc (NYSE:LYG) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 27,901 shares of the financial services provider’s stock, valued at approximately $76,000.

A number of other institutional investors and hedge funds have also bought and sold shares of LYG. Tcwp LLC purchased a new stake in shares of Lloyds Banking Group during the 2nd quarter valued at $32,000. Aletheian Wealth Advisors LLC purchased a new stake in Lloyds Banking Group during the third quarter valued at about $34,000. Angeles Investment Advisors LLC lifted its stake in Lloyds Banking Group by 38.6% during the second quarter. Angeles Investment Advisors LLC now owns 15,290 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 4,262 shares during the last quarter. Insigneo Advisory Services LLC purchased a new position in shares of Lloyds Banking Group in the 2nd quarter worth about $42,000. Finally, Arkadios Wealth Advisors purchased a new position in shares of Lloyds Banking Group during the 3rd quarter valued at about $42,000. 2.15% of the stock is owned by hedge funds and other institutional investors.

Lloyds Banking Group Trading Up 1.6 %

NYSE:LYG opened at $2.62 on Tuesday. The firm has a market capitalization of $39.70 billion, a P/E ratio of 6.72 and a beta of 1.31. Lloyds Banking Group plc has a 52 week low of $2.00 and a 52 week high of $3.24. The company has a quick ratio of 1.48, a current ratio of 1.45 and a debt-to-equity ratio of 1.76. The company has a fifty day moving average of $2.73 and a 200 day moving average of $2.91.

Wall Street Analyst Weigh In

LYG has been the subject of several research reports. The Goldman Sachs Group initiated coverage on Lloyds Banking Group in a research note on Friday, October 4th. They issued a “neutral” rating for the company. Morgan Stanley lowered shares of Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a report on Wednesday, October 30th. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Lloyds Banking Group currently has an average rating of “Hold” and a consensus price target of $2.75.

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.