US Bancorp DE Purchases 202,862 Shares of Lloyds Banking Group plc (NYSE:LYG)

US Bancorp DE raised its holdings in shares of Lloyds Banking Group plc (NYSE:LYG) by 36.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 757,336 shares of the financial services provider’s stock after acquiring an additional 202,862 shares during the quarter. US Bancorp DE’s holdings in Lloyds Banking Group were worth $2,363,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Transcend Capital Advisors LLC bought a new position in shares of Lloyds Banking Group during the second quarter worth $28,000. Interchange Capital Partners LLC bought a new position in shares of Lloyds Banking Group during the 2nd quarter valued at about $28,000. Intergy Private Wealth LLC purchased a new position in shares of Lloyds Banking Group during the second quarter valued at about $29,000. Susquehanna International Securities Ltd. bought a new stake in shares of Lloyds Banking Group in the first quarter worth about $30,000. Finally, Tcwp LLC bought a new position in Lloyds Banking Group during the second quarter valued at approximately $32,000. 2.15% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LYG has been the topic of a number of research reports. Citigroup downgraded Lloyds Banking Group from a “buy” rating to a “neutral” rating in a research note on Monday, August 5th. Kepler Capital Markets began coverage on shares of Lloyds Banking Group in a research note on Thursday, September 5th. They set a “hold” rating on the stock. Royal Bank of Canada cut shares of Lloyds Banking Group from an “outperform” rating to a “sector perform” rating in a research note on Friday, July 26th. Morgan Stanley cut shares of Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, October 30th. Finally, UBS Group reiterated a “neutral” rating on shares of Lloyds Banking Group in a research report on Tuesday, July 30th. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $2.75.

Lloyds Banking Group Price Performance

Lloyds Banking Group stock opened at $2.82 on Thursday. The firm has a market capitalization of $43.27 billion, a PE ratio of 7.22 and a beta of 1.35. Lloyds Banking Group plc has a 12-month low of $1.99 and a 12-month high of $3.24. The firm has a 50-day moving average price of $3.04 and a 200-day moving average price of $2.91. The company has a current ratio of 1.45, a quick ratio of 1.48 and a debt-to-equity ratio of 1.76.

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.