Orion Portfolio Solutions LLC Has $2.95 Million Position in Lloyds Banking Group plc (NYSE:LYG)

Orion Portfolio Solutions LLC raised its holdings in Lloyds Banking Group plc (NYSE:LYG - Free Report) by 72.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 945,580 shares of the financial services provider's stock after purchasing an additional 397,454 shares during the quarter. Orion Portfolio Solutions LLC's holdings in Lloyds Banking Group were worth $2,950,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. US Bancorp DE boosted its position in shares of Lloyds Banking Group by 36.6% during the 3rd quarter. US Bancorp DE now owns 757,336 shares of the financial services provider's stock worth $2,363,000 after acquiring an additional 202,862 shares in the last quarter. BNP Paribas Financial Markets acquired a new stake in shares of Lloyds Banking Group in the 3rd quarter valued at about $1,035,000. Raymond James & Associates boosted its position in shares of Lloyds Banking Group by 37.4% in the 3rd quarter. Raymond James & Associates now owns 3,416,484 shares of the financial services provider's stock valued at $10,659,000 after purchasing an additional 929,478 shares during the period. Citigroup Inc. boosted its position in shares of Lloyds Banking Group by 58.3% in the 3rd quarter. Citigroup Inc. now owns 1,703,943 shares of the financial services provider's stock valued at $5,316,000 after purchasing an additional 627,592 shares during the period. Finally, Oppenheimer Asset Management Inc. boosted its position in shares of Lloyds Banking Group by 22.3% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 1,022,677 shares of the financial services provider's stock valued at $3,191,000 after purchasing an additional 186,443 shares during the period. Hedge funds and other institutional investors own 2.15% of the company's stock.

Lloyds Banking Group Price Performance

Shares of NYSE LYG traded up $0.10 during trading on Wednesday, hitting $2.79. The company had a trading volume of 14,397,390 shares, compared to its average volume of 9,634,710. The company has a market cap of $42.67 billion, a P/E ratio of 7.10 and a beta of 1.33. Lloyds Banking Group plc has a 52 week low of $2.00 and a 52 week high of $3.24. The business's 50-day moving average is $2.88 and its 200 day moving average is $2.92. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.48 and a current ratio of 1.45.

Analysts Set New Price Targets

LYG has been the subject of several analyst reports. Kepler Capital Markets initiated 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 initiated coverage on Lloyds Banking Group in a research note on Friday, October 4th. They set a "neutral" rating for the company. Finally, Morgan Stanley downgraded 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 assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $2.75.

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.