Lloyds Banking Group PLC (NYSE:LYG) was the recipient of a significant growth in short interest in the month of October. As of October 13th, there was short interest totalling 12,622,147 shares, a growth of 167.1% from the September 29th total of 4,725,007 shares. Based on an average daily trading volume, of 11,967,927 shares, the short-interest ratio is presently 1.1 days.

Several institutional investors have recently added to or reduced their stakes in LYG. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Lloyds Banking Group PLC by 0.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 28,925 shares of the financial services provider’s stock worth $102,000 after purchasing an additional 215 shares during the period. CAPROCK Group Inc. increased its holdings in shares of Lloyds Banking Group PLC by 33.1% in the second quarter. CAPROCK Group Inc. now owns 30,718 shares of the financial services provider’s stock worth $108,000 after purchasing an additional 7,632 shares during the period. Advisor Partners LLC increased its holdings in shares of Lloyds Banking Group PLC by 107.8% in the second quarter. Advisor Partners LLC now owns 38,591 shares of the financial services provider’s stock worth $136,000 after purchasing an additional 20,020 shares during the period. American Asset Management Inc. bought a new position in shares of Lloyds Banking Group PLC in the second quarter worth $145,000. Finally, Hollencrest Securities LLC increased its holdings in shares of Lloyds Banking Group PLC by 19.0% in the second quarter. Hollencrest Securities LLC now owns 44,136 shares of the financial services provider’s stock worth $156,000 after purchasing an additional 7,033 shares during the period. 2.13% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have recently weighed in on LYG shares. Zacks Investment Research lowered Lloyds Banking Group PLC from a “buy” rating to a “hold” rating in a research note on Saturday, September 2nd. Goldman Sachs Group, Inc. (The) reiterated a “sell” rating on shares of Lloyds Banking Group PLC in a research note on Wednesday, September 6th. Credit Suisse Group upgraded Lloyds Banking Group PLC from a “neutral” rating to an “outperform” rating in a research note on Tuesday, October 10th. Finally, BidaskClub lowered Lloyds Banking Group PLC from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 2nd. Six investment analysts have rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company. Lloyds Banking Group PLC currently has a consensus rating of “Hold” and a consensus price target of $4.00.

Shares of Lloyds Banking Group PLC (NYSE:LYG) opened at 3.69 on Friday. The firm has a market cap of $58.74 billion, a P/E ratio of 32.95 and a beta of 0.71. Lloyds Banking Group PLC has a one year low of $2.73 and a one year high of $3.87. The firm has a 50 day moving average price of $3.58 and a 200-day moving average price of $3.54.

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About Lloyds Banking Group PLC

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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