Caprock Group LLC Increases Stock Holdings in Lloyds Banking Group plc (NYSE:LYG)

Caprock Group LLC grew its position in Lloyds Banking Group plc (NYSE:LYG) by 11.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 507,398 shares of the financial services provider’s stock after buying an additional 52,785 shares during the quarter. Caprock Group LLC’s holdings in Lloyds Banking Group were worth $1,583,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in LYG. Transcend Capital Advisors LLC purchased a new position in shares of Lloyds Banking Group in the second quarter valued at $28,000. Interchange Capital Partners LLC acquired a new stake in shares of Lloyds Banking Group during the second quarter valued at $28,000. Intergy Private Wealth LLC acquired a new stake in shares of Lloyds Banking Group during the second quarter valued at $29,000. Tcwp LLC acquired a new stake in shares of Lloyds Banking Group during the second quarter valued at $32,000. Finally, Aletheian Wealth Advisors LLC acquired a new stake in shares of Lloyds Banking Group during the third quarter valued at $34,000. Hedge funds and other institutional investors own 2.15% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. The Goldman Sachs Group assumed coverage on Lloyds Banking Group in a research note on Friday, October 4th. They set a “neutral” rating on the stock. Royal Bank of Canada lowered Lloyds Banking Group from an “outperform” rating to a “sector perform” rating in a research note on Friday, July 26th. Kepler Capital Markets began coverage on Lloyds Banking Group in a research note on Thursday, September 5th. They issued a “hold” rating on the stock. Citigroup lowered Lloyds Banking Group from a “buy” rating to a “neutral” rating in a research note on Monday, August 5th. Finally, Morgan Stanley lowered Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, October 30th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Lloyds Banking Group has an average rating of “Hold” and an average price target of $2.75.

Lloyds Banking Group Stock Performance

Shares of NYSE:LYG opened at $2.80 on Thursday. The company has a market cap of $42.75 billion, a P/E ratio of 7.17 and a beta of 1.35. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.48 and a current ratio of 1.45. Lloyds Banking Group plc has a one year low of $2.00 and a one year high of $3.24. The business’s 50-day simple moving average is $2.99 and its 200 day simple moving average is $2.92.

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.