Shares of Lloyds Banking Group plc (NYSE:LYG - Get Free Report) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $3.24 and last traded at $3.24, with a volume of 6380697 shares trading hands. The stock had previously closed at $3.20.
Analyst Upgrades and Downgrades
Separately, 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. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $2.75.
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Lloyds Banking Group Stock Down 1.7 %
The company has a 50 day moving average price of $2.87 and a 200-day moving average price of $2.92. The company has a market cap of $47.96 billion, a P/E ratio of 8.12 and a beta of 1.31.
Institutional Investors Weigh In On Lloyds Banking Group
A number of institutional investors have recently added to or reduced their stakes in the company. Crux Wealth Advisors acquired a new stake in shares of Lloyds Banking Group in the fourth quarter valued at $28,000. Brentview Investment Management LLC bought a new position in shares of Lloyds Banking Group during the 4th quarter valued at about $31,000. Focus Partners Wealth acquired a new position in shares of Lloyds Banking Group in the 4th quarter worth approximately $31,000. Mesirow Financial Investment Management Inc. acquired a new stake in Lloyds Banking Group during the fourth quarter valued at approximately $32,000. Finally, Aletheian Wealth Advisors LLC bought a new stake in Lloyds Banking Group during the third quarter worth approximately $34,000. 2.15% of the stock is currently owned by institutional investors and hedge funds.
About Lloyds Banking Group
(
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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.
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