Cerity Partners LLC Has $2.15 Million Position in Lloyds Banking Group plc (NYSE:LYG)

Cerity Partners LLC boosted its position in shares of Lloyds Banking Group plc (NYSE:LYG - Free Report) by 73.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 687,833 shares of the financial services provider's stock after purchasing an additional 290,927 shares during the period. Cerity Partners LLC's holdings in Lloyds Banking Group were worth $2,146,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Transcend Capital Advisors LLC acquired a new stake in Lloyds Banking Group during the 2nd quarter worth about $28,000. Interchange Capital Partners LLC purchased a new position in Lloyds Banking Group during the second quarter valued at approximately $28,000. Intergy Private Wealth LLC purchased a new stake in Lloyds Banking Group in the 2nd quarter worth approximately $29,000. Tcwp LLC acquired a new stake in shares of Lloyds Banking Group during the 2nd quarter valued at $32,000. Finally, Aletheian Wealth Advisors LLC purchased a new position in shares of Lloyds Banking Group during the 3rd quarter valued at $34,000. Institutional investors and hedge funds own 2.15% of the company's stock.

Lloyds Banking Group Stock Performance

NYSE:LYG traded down $0.02 during midday trading on Monday, reaching $2.68. The stock had a trading volume of 20,266,456 shares, compared to its average volume of 9,648,452. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.45 and a quick ratio of 1.48. Lloyds Banking Group plc has a 1-year low of $2.00 and a 1-year high of $3.24. The firm's fifty day simple moving average is $2.94 and its 200-day simple moving average is $2.92. The stock has a market capitalization of $40.99 billion, a P/E ratio of 6.87 and a beta of 1.35.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on LYG shares. Citigroup downgraded Lloyds Banking Group from a "buy" rating to a "neutral" rating in a research note on Monday, August 5th. The Goldman Sachs Group began coverage on Lloyds Banking Group in a research note on Friday, October 4th. They issued a "neutral" rating for the company. Morgan Stanley lowered shares of Lloyds Banking Group from an "overweight" rating to an "equal weight" rating in a research report on Wednesday, October 30th. Finally, Kepler Capital Markets assumed coverage on shares of Lloyds Banking Group in a research report on Thursday, September 5th. They issued a "hold" rating for the company. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $2.75.

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.