Lloyds Banking Group plc (NYSE:LYG) Shares Bought by Atria Investments Inc

Atria Investments Inc grew its position in Lloyds Banking Group plc (NYSE:LYG) by 19.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 306,886 shares of the financial services provider’s stock after purchasing an additional 49,237 shares during the quarter. Atria Investments Inc’s holdings in Lloyds Banking Group were worth $957,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of LYG. US Bancorp DE raised its stake in Lloyds Banking Group by 36.6% in the third quarter. US Bancorp DE now owns 757,336 shares of the financial services provider’s stock valued at $2,363,000 after buying an additional 202,862 shares in the last quarter. Raymond James & Associates raised its position in shares of Lloyds Banking Group by 37.4% during the 3rd quarter. Raymond James & Associates now owns 3,416,484 shares of the financial services provider’s stock worth $10,659,000 after acquiring an additional 929,478 shares in the last quarter. Clearbridge Investments LLC purchased a new stake in Lloyds Banking Group during the second quarter worth approximately $36,252,000. CreativeOne Wealth LLC boosted its holdings in Lloyds Banking Group by 166.2% in the first quarter. CreativeOne Wealth LLC now owns 47,224 shares of the financial services provider’s stock valued at $122,000 after purchasing an additional 29,486 shares in the last quarter. Finally, CWM LLC increased its stake in Lloyds Banking Group by 37.9% in the second quarter. CWM LLC now owns 71,039 shares of the financial services provider’s stock valued at $194,000 after purchasing an additional 19,525 shares during the last quarter. 2.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on LYG shares. Royal Bank of Canada cut shares of Lloyds Banking Group from an “outperform” rating to a “sector perform” rating in a report on Friday, July 26th. UBS Group reiterated a “neutral” rating on shares of Lloyds Banking Group in a research report on Tuesday, July 30th. The Goldman Sachs Group initiated coverage on Lloyds Banking Group in a research report on Friday, October 4th. They issued a “neutral” rating for the company. 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 report on Monday, August 5th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $2.75.

Lloyds Banking Group Stock Performance

NYSE:LYG opened at $2.83 on Monday. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.45 and a quick ratio of 1.48. The firm has a market cap of $43.50 billion, a price-to-earnings ratio of 7.26 and a beta of 1.35. The firm’s fifty day moving average price is $3.00 and its 200 day moving average price is $2.92. Lloyds Banking Group plc has a 1-year low of $2.00 and a 1-year high of $3.24.

Lloyds Banking Group Company 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.