Lloyds Banking Group PLC (LYG) Given Consensus Rating of “Hold” by Brokerages

Shares of Lloyds Banking Group PLC (NYSE:LYG) have been given a consensus recommendation of “Hold” by the thirteen research firms that are presently covering the company, Marketbeat reports. Four research analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company.

A number of research analysts have issued reports on the stock. ValuEngine downgraded shares of Lloyds Banking Group from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. Zacks Investment Research downgraded shares of Lloyds Banking Group from a “hold” rating to a “sell” rating in a research report on Saturday, June 30th. UBS Group restated a “buy” rating on shares of Lloyds Banking Group in a research report on Tuesday, April 24th. Finally, JPMorgan Chase & Co. restated a “buy” rating on shares of Lloyds Banking Group in a research report on Monday, June 4th.

Lloyds Banking Group stock traded up $0.01 during trading hours on Friday, reaching $3.31. 2,725,948 shares of the company’s stock traded hands, compared to its average volume of 4,699,321. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.84. Lloyds Banking Group has a fifty-two week low of $3.23 and a fifty-two week high of $4.21. The company has a market cap of $60.00 billion, a PE ratio of 6.02 and a beta of 0.85.

Lloyds Banking Group (NYSE:LYG) last released its earnings results on Wednesday, April 25th. The financial services provider reported $0.93 earnings per share (EPS) for the quarter. Lloyds Banking Group had a net margin of 13.63% and a return on equity of 17.72%. The company had revenue of $3.90 billion for the quarter. research analysts forecast that Lloyds Banking Group will post 0.48 EPS for the current year.

Several large investors have recently made changes to their positions in the stock. Eqis Capital Management Inc. raised its position in shares of Lloyds Banking Group by 1,200.8% in the 2nd quarter. Eqis Capital Management Inc. now owns 262,932 shares of the financial services provider’s stock valued at $876,000 after acquiring an additional 242,719 shares during the period. Thomas White International Ltd. raised its position in shares of Lloyds Banking Group by 1.8% in the 2nd quarter. Thomas White International Ltd. now owns 1,066,013 shares of the financial services provider’s stock valued at $3,550,000 after acquiring an additional 19,037 shares during the period. Janney Montgomery Scott LLC raised its position in shares of Lloyds Banking Group by 5.5% in the 2nd quarter. Janney Montgomery Scott LLC now owns 535,687 shares of the financial services provider’s stock valued at $1,784,000 after acquiring an additional 27,939 shares during the period. Fisher Asset Management LLC raised its position in shares of Lloyds Banking Group by 2.5% in the 2nd quarter. Fisher Asset Management LLC now owns 118,441,110 shares of the financial services provider’s stock valued at $394,409,000 after acquiring an additional 2,840,640 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Lloyds Banking Group in the 1st quarter valued at approximately $140,000. Institutional investors and hedge funds own 2.62% of the company’s stock.

About Lloyds Banking Group

Lloyds Banking Group plc provides banking and financial services under the Lloyds Bank, Halifax, Bank of Scotland, and Scottish Widows brands in the United Kingdom and internationally. The company operates through three segments: Retail, Commercial Banking, and Insurance and Wealth. The Retail segment offers a range of financial service products, including current accounts, savings accounts, mortgages, motor finance, and unsecured consumer lending products to personal and small business customers.

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Analyst Recommendations for Lloyds Banking Group (NYSE:LYG)

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