BNP Paribas Financial Markets Invests $1.04 Million in Lloyds Banking Group plc (NYSE:LYG)

BNP Paribas Financial Markets acquired a new stake in Lloyds Banking Group plc (NYSE:LYG - Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 331,650 shares of the financial services provider's stock, valued at approximately $1,035,000.

Other institutional investors have also added to or reduced their stakes in the company. CWM LLC increased its stake in Lloyds Banking Group by 37.9% in the 2nd quarter. CWM LLC now owns 71,039 shares of the financial services provider's stock valued at $194,000 after buying an additional 19,525 shares during the last quarter. Diversify Advisory Services LLC acquired a new stake in Lloyds Banking Group in the 2nd quarter valued at $47,000. Dynamic Advisor Solutions LLC increased its stake in Lloyds Banking Group by 37.4% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 92,921 shares of the financial services provider's stock valued at $254,000 after buying an additional 25,280 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of Lloyds Banking Group by 7.3% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 61,586 shares of the financial services provider's stock worth $168,000 after purchasing an additional 4,194 shares during the last quarter. Finally, Wedmont Private Capital increased its stake in shares of Lloyds Banking Group by 28.0% during the 2nd quarter. Wedmont Private Capital now owns 24,394 shares of the financial services provider's stock worth $74,000 after purchasing an additional 5,336 shares during the last quarter. 2.15% of the stock is owned by institutional investors.

Lloyds Banking Group Stock Performance

NYSE LYG traded up $0.10 during trading on Wednesday, reaching $2.79. The company's stock had a trading volume of 14,397,390 shares, compared to its average volume of 9,634,710. 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 firm has a market capitalization of $42.67 billion, a price-to-earnings ratio of 7.10 and a beta of 1.33. Lloyds Banking Group plc has a 12 month low of $2.00 and a 12 month high of $3.24. The firm has a 50 day moving average price of $2.88 and a 200 day moving average price of $2.92.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on LYG shares. Kepler Capital Markets started coverage on shares of Lloyds Banking Group in a research note on Thursday, September 5th. They set a "hold" rating on the stock. Morgan Stanley lowered shares of Lloyds Banking Group from an "overweight" rating to an "equal weight" rating in a research note on Wednesday, October 30th. Finally, The Goldman Sachs Group began coverage on shares of Lloyds Banking Group in a research note on Friday, October 4th. They issued a "neutral" rating on the stock. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Lloyds Banking Group currently has a consensus rating of "Hold" and an average target price of $2.75.

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.