Lloyds Banking Group PLC (NYSE:LYG) has earned an average recommendation of “Hold” from the nineteen brokerages that are currently covering the company, Marketbeat.com reports. Seven analysts have rated the stock with a sell recommendation, four have given a hold recommendation and seven have assigned a buy recommendation to the company.

A number of brokerages recently commented on LYG. BidaskClub downgraded Lloyds Banking Group PLC from a “hold” rating to a “sell” rating in a report on Thursday. ValuEngine downgraded Lloyds Banking Group PLC from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Keefe, Bruyette & Woods downgraded Lloyds Banking Group PLC from a “market perform” rating to an “underperform” rating in a report on Wednesday, May 31st. Goldman Sachs Group, Inc. (The) reissued a “sell” rating on shares of Lloyds Banking Group PLC in a report on Wednesday, May 24th. Finally, Macquarie downgraded Lloyds Banking Group PLC from an “outperform” rating to a “neutral” rating in a report on Friday, April 21st.

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Lloyds Banking Group PLC (NYSE LYG) traded down 0.431% during midday trading on Friday, reaching $3.465. The company had a trading volume of 1,393,389 shares. The firm’s 50-day moving average price is $3.68 and its 200 day moving average price is $3.42. The firm has a market capitalization of $68.59 billion, a PE ratio of 23.412 and a beta of 0.89. Lloyds Banking Group PLC has a 12 month low of $2.47 and a 12 month high of $4.35.

Several hedge funds have recently made changes to their positions in LYG. Schafer Cullen Capital Management Inc. bought a new stake in shares of Lloyds Banking Group PLC during the first quarter valued at about $101,000. Fulton Bank N.A. bought a new stake in shares of Lloyds Banking Group PLC during the first quarter valued at about $111,000. Private Advisor Group LLC increased its stake in shares of Lloyds Banking Group PLC by 199.6% in the first quarter. Private Advisor Group LLC now owns 42,947 shares of the financial services provider’s stock valued at $121,000 after buying an additional 28,612 shares during the period. Signaturefd LLC bought a new stake in shares of Lloyds Banking Group PLC during the first quarter valued at about $125,000. Finally, Hollencrest Securities LLC increased its stake in shares of Lloyds Banking Group PLC by 1.0% in the first quarter. Hollencrest Securities LLC now owns 37,103 shares of the financial services provider’s stock valued at $126,000 after buying an additional 355 shares during the period. 1.96% of the stock is currently owned by institutional investors and hedge funds.

Lloyds Banking Group PLC Company Profile

Lloyds Banking Group plc is a provider of financial services to individual and business customers in the United Kingdom. The Company’s main business activities are retail and commercial banking, general insurance, and long-term savings, protection and investment. The Company’s segments are Retail, Commercial Banking, Consumer Finance, Insurance and Other.

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