Lloyds Banking Group plc (NYSE:LYG - Get Free Report) shares gapped down before the market opened on Wednesday . The stock had previously closed at $2.75, but opened at $2.62. Lloyds Banking Group shares last traded at $2.61, with a volume of 2,134,168 shares traded.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on the company. The Goldman Sachs Group assumed coverage on Lloyds Banking Group in a report on Friday, October 4th. They issued a "neutral" rating on the stock. Morgan Stanley cut shares of Lloyds Banking Group from an "overweight" rating to an "equal weight" rating in a research report on Wednesday, October 30th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $2.75.
Get Our Latest Stock Analysis on Lloyds Banking Group
Lloyds Banking Group Trading Down 3.6 %
The company's 50 day simple moving average is $2.74 and its two-hundred day simple moving average is $2.91. The company has a market cap of $40.15 billion, a PE ratio of 6.80 and a beta of 1.31. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.45 and a quick ratio of 1.48.
Institutional Trading of Lloyds Banking Group
Several hedge funds have recently made changes to their positions in the business. Aletheian Wealth Advisors LLC acquired a new stake in Lloyds Banking Group in the 3rd quarter valued at about $34,000. Tcwp LLC acquired a new stake in shares of Lloyds Banking Group in the 2nd quarter valued at $32,000. Arkadios Wealth Advisors purchased a new stake in shares of Lloyds Banking Group during the 3rd quarter worth $42,000. OneAscent Financial Services LLC acquired a new position in shares of Lloyds Banking Group during the third quarter worth $46,000. Finally, Angeles Investment Advisors LLC increased its holdings in Lloyds Banking Group by 38.6% in the second quarter. Angeles Investment Advisors LLC now owns 15,290 shares of the financial services provider's stock valued at $42,000 after buying an additional 4,262 shares during the last quarter. Institutional investors and hedge funds own 2.15% of the company's stock.
Lloyds Banking Group Company Profile
(
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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.
Further Reading
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