Lloyds Banking Group PLC (NYSE:LYG) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Lloyds Banking Group PLC (NYSE:LYG) have earned an average rating of “Moderate Buy” from the ten brokerages that are currently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company.

LYG has been the subject of a number of analyst reports. Royal Bank Of Canada restated an “outperform” rating on shares of Lloyds Banking Group in a research report on Tuesday, October 28th. Kepler Capital Markets raised Lloyds Banking Group from a “hold” rating to a “buy” rating in a research note on Thursday, October 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Lloyds Banking Group in a research note on Friday, October 31st. Wall Street Zen lowered Lloyds Banking Group from a “buy” rating to a “hold” rating in a report on Monday, October 20th. Finally, Citigroup reissued a “neutral” rating on shares of Lloyds Banking Group in a report on Monday, December 1st.

Lloyds Banking Group Price Performance

Shares of NYSE LYG opened at $5.08 on Thursday. The firm has a 50-day simple moving average of $4.72 and a 200-day simple moving average of $4.46. The company has a quick ratio of 0.53, a current ratio of 0.55 and a debt-to-equity ratio of 1.94. The stock has a market capitalization of $75.04 billion, a price-to-earnings ratio of 14.50, a price-to-earnings-growth ratio of 0.72 and a beta of 0.90. Lloyds Banking Group has a 52 week low of $2.56 and a 52 week high of $5.22.

Lloyds Banking Group (NYSE:LYG) last announced its quarterly earnings data on Thursday, October 23rd. The financial services provider reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.07). The business had revenue of $6.56 billion for the quarter, compared to analysts’ expectations of $5.02 billion. Lloyds Banking Group had a net margin of 18.04% and a return on equity of 8.38%. On average, equities analysts predict that Lloyds Banking Group will post 0.27 earnings per share for the current fiscal year.

Institutional Trading of Lloyds Banking Group

Several institutional investors have recently made changes to their positions in the company. True Wealth Design LLC purchased a new position in Lloyds Banking Group in the third quarter worth approximately $25,000. Salomon & Ludwin LLC lifted its stake in shares of Lloyds Banking Group by 2,671.6% in the 3rd quarter. Salomon & Ludwin LLC now owns 5,959 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 5,744 shares during the last quarter. Private Trust Co. NA grew its holdings in shares of Lloyds Banking Group by 115.2% during the 3rd quarter. Private Trust Co. NA now owns 6,092 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 3,261 shares during the period. Westside Investment Management Inc. increased its position in shares of Lloyds Banking Group by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 6,406 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 3,203 shares during the last quarter. Finally, V Square Quantitative Management LLC acquired a new position in Lloyds Banking Group in the second quarter valued at about $29,000. Hedge funds and other institutional investors own 2.15% of the company’s stock.

About Lloyds Banking Group

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.