Pathstone Holdings LLC Has $1.62 Million Holdings in Lloyds Banking Group plc (NYSE:LYG)

Pathstone Holdings LLC increased its holdings in shares of Lloyds Banking Group plc (NYSE:LYG) by 8.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 519,559 shares of the financial services provider’s stock after purchasing an additional 41,183 shares during the period. Pathstone Holdings LLC’s holdings in Lloyds Banking Group were worth $1,621,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in LYG. Clearbridge Investments LLC acquired a new position in Lloyds Banking Group during the second quarter worth $36,252,000. Envestnet Asset Management Inc. lifted its position in shares of Lloyds Banking Group by 49.6% in the second quarter. Envestnet Asset Management Inc. now owns 8,577,101 shares of the financial services provider’s stock valued at $23,415,000 after buying an additional 2,841,956 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Lloyds Banking Group by 17.2% in the second quarter. American Century Companies Inc. now owns 5,472,171 shares of the financial services provider’s stock valued at $14,939,000 after purchasing an additional 804,035 shares during the last quarter. First Eagle Investment Management LLC lifted its position in Lloyds Banking Group by 25.3% during the second quarter. First Eagle Investment Management LLC now owns 5,087,379 shares of the financial services provider’s stock worth $13,889,000 after acquiring an additional 1,026,639 shares during the last quarter. Finally, Crossmark Global Holdings Inc. grew its holdings in Lloyds Banking Group by 0.4% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 4,894,063 shares of the financial services provider’s stock valued at $15,269,000 after buying an additional 18,494 shares in the last quarter. 2.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

LYG has been the subject of several recent research reports. Kepler Capital Markets started coverage on Lloyds Banking Group in a research note on Thursday, September 5th. They issued a “hold” rating for the company. The Goldman Sachs Group assumed coverage on shares of Lloyds Banking Group in a research report on Friday, October 4th. They set a “neutral” rating on the stock. Morgan Stanley cut Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, October 30th. Finally, Citigroup lowered shares of Lloyds Banking Group from a “buy” rating to a “neutral” rating in a research note on Monday, August 5th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $2.75.

Lloyds Banking Group Trading Up 0.6 %

Shares of Lloyds Banking Group stock opened at $2.69 on Thursday. Lloyds Banking Group plc has a 12-month low of $2.00 and a 12-month high of $3.24. The company has a current ratio of 1.45, a quick ratio of 1.48 and a debt-to-equity ratio of 1.76. The stock has a fifty day simple moving average of $2.96 and a 200 day simple moving average of $2.92. The company has a market capitalization of $41.06 billion, a P/E ratio of 6.88 and a beta of 1.35.

Lloyds Banking Group Profile

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.