Charles Schwab Investment Management Inc. Purchases 180,178 Shares of Lloyds Banking Group plc (NYSE:LYG)

Charles Schwab Investment Management Inc. raised its position in Lloyds Banking Group plc (NYSE:LYG - Free Report) by 20.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,055,584 shares of the financial services provider's stock after buying an additional 180,178 shares during the quarter. Charles Schwab Investment Management Inc.'s holdings in Lloyds Banking Group were worth $3,293,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Clearbridge Investments LLC acquired a new stake in shares of Lloyds Banking Group during the 2nd quarter worth $36,252,000. Envestnet Asset Management Inc. grew its holdings in shares of Lloyds Banking Group by 49.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 8,577,101 shares of the financial services provider's stock worth $23,415,000 after purchasing an additional 2,841,956 shares in the last quarter. Raymond James & Associates grew its holdings in shares of Lloyds Banking Group by 114.5% during the 2nd quarter. Raymond James & Associates now owns 2,487,006 shares of the financial services provider's stock worth $6,790,000 after purchasing an additional 1,327,589 shares in the last quarter. First Eagle Investment Management LLC grew its holdings in shares of Lloyds Banking Group by 25.3% during the 2nd quarter. First Eagle Investment Management LLC now owns 5,087,379 shares of the financial services provider's stock worth $13,889,000 after purchasing an additional 1,026,639 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Lloyds Banking Group by 17.2% during the 2nd quarter. American Century Companies Inc. now owns 5,472,171 shares of the financial services provider's stock worth $14,939,000 after purchasing an additional 804,035 shares in the last quarter. 2.15% of the stock is owned by institutional investors and hedge funds.

Lloyds Banking Group Trading Up 0.7 %

Lloyds Banking Group stock traded up $0.02 during trading hours on Friday, hitting $2.79. The stock had a trading volume of 6,447,453 shares, compared to its average volume of 9,647,101. The company has a quick ratio of 1.48, a current ratio of 1.45 and a debt-to-equity ratio of 1.76. The stock has a market cap of $42.28 billion, a price-to-earnings ratio of 7.15 and a beta of 1.32. 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 $2.87 and its 200-day simple moving average is $2.92.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on LYG. Kepler Capital Markets began coverage on Lloyds Banking Group in a report on Thursday, September 5th. They set a "hold" rating on the stock. Morgan Stanley lowered 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 Lloyds Banking Group in a research note on Friday, October 4th. They issued a "neutral" rating on the stock. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus 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.