Fmr LLC Buys 2,472,263 Shares of Lloyds Banking Group plc (NYSE:LYG)

FMR LLC lifted its stake in Lloyds Banking Group plc (NYSE:LYG - Free Report) by 14.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,280,034 shares of the financial services provider's stock after buying an additional 2,472,263 shares during the period. FMR LLC owned approximately 0.13% of Lloyds Banking Group worth $60,154,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Clearbridge Investments LLC bought a new stake in shares of Lloyds Banking Group in the second quarter valued at approximately $36,252,000. Envestnet Asset Management Inc. boosted its stake in shares of Lloyds Banking Group by 49.6% in the second quarter. Envestnet Asset Management Inc. now owns 8,577,101 shares of the financial services provider's stock valued at $23,415,000 after buying an additional 2,841,956 shares during the period. American Century Companies Inc. boosted its stake in shares of Lloyds Banking Group by 17.2% in the second quarter. American Century Companies Inc. now owns 5,472,171 shares of the financial services provider's stock valued at $14,939,000 after buying an additional 804,035 shares during the period. First Eagle Investment Management LLC boosted its stake in shares of Lloyds Banking Group by 25.3% in the second quarter. First Eagle Investment Management LLC now owns 5,087,379 shares of the financial services provider's stock valued at $13,889,000 after buying an additional 1,026,639 shares during the period. Finally, Crossmark Global Holdings Inc. boosted its stake in shares of Lloyds Banking Group by 0.4% in the third quarter. Crossmark Global Holdings Inc. now owns 4,894,063 shares of the financial services provider's stock valued at $15,269,000 after buying an additional 18,494 shares during the period. 2.15% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on LYG shares. Kepler Capital Markets started coverage on Lloyds Banking Group in a research note on Thursday, September 5th. They set a "hold" rating for the company. The Goldman Sachs Group started coverage on Lloyds Banking Group in a research note on Friday, October 4th. They set a "neutral" rating for the company. Finally, Morgan Stanley cut Lloyds Banking Group from an "overweight" rating to an "equal weight" rating in a research note on Wednesday, October 30th. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, Lloyds Banking Group presently has an average rating of "Hold" and an average target price of $2.75.

Lloyds Banking Group Trading Down 1.1 %

Lloyds Banking Group stock traded down $0.03 during trading hours on Friday, reaching $2.70. 5,923,841 shares of the company's stock were exchanged, compared to its average volume of 8,807,582. 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 firm's 50 day simple moving average is $2.91 and its 200 day simple moving average is $2.92. Lloyds Banking Group plc has a twelve month low of $2.00 and a twelve month high of $3.24. The firm has a market capitalization of $41.29 billion, a PE ratio of 6.94 and a beta of 1.32.

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.