MML Investors Services LLC Boosts Stake in Lloyds Banking Group plc (NYSE:LYG)

MML Investors Services LLC grew its holdings in shares of Lloyds Banking Group plc (NYSE:LYG - Free Report) by 36.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,482,792 shares of the financial services provider's stock after acquiring an additional 394,364 shares during the quarter. MML Investors Services LLC's holdings in Lloyds Banking Group were worth $4,626,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of LYG. Lazari Capital Management Inc. boosted its holdings in shares of Lloyds Banking Group by 19.8% in the 3rd quarter. Lazari Capital Management Inc. now owns 20,391 shares of the financial services provider's stock worth $64,000 after purchasing an additional 3,371 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in Lloyds Banking Group by 6.1% during the third quarter. Sequoia Financial Advisors LLC now owns 65,320 shares of the financial services provider's stock valued at $204,000 after acquiring an additional 3,734 shares during the last quarter. Patriot Financial Group Insurance Agency LLC raised its stake in shares of Lloyds Banking Group by 2.8% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 135,436 shares of the financial services provider's stock worth $370,000 after acquiring an additional 3,752 shares in the last quarter. Baron Wealth Management LLC lifted its holdings in shares of Lloyds Banking Group by 30.8% in the 3rd quarter. Baron Wealth Management LLC now owns 16,851 shares of the financial services provider's stock worth $53,000 after acquiring an additional 3,969 shares during the last quarter. Finally, AMG National Trust Bank boosted its position in Lloyds Banking Group by 0.4% during the second quarter. AMG National Trust Bank now owns 1,001,075 shares of the financial services provider's stock valued at $2,733,000 after buying an additional 3,976 shares during the period. Hedge funds and other institutional investors own 2.15% of the company's stock.

Lloyds Banking Group Trading Up 0.7 %

LYG stock traded up $0.02 on Friday, reaching $2.79. The company's stock had a trading volume of 6,447,453 shares, compared to its average volume of 9,647,101. The firm has a market cap of $42.67 billion, a PE ratio of 7.15 and a beta of 1.32. The business has a fifty day simple moving average of $2.87 and a two-hundred day simple moving average of $2.92. Lloyds Banking Group plc has a 12-month low of $2.00 and a 12-month high of $3.24. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.48 and a current ratio of 1.45.

Wall Street Analyst Weigh In

LYG has been the subject of several analyst reports. Morgan Stanley cut Lloyds Banking Group from an "overweight" rating to an "equal weight" rating in a report on Wednesday, October 30th. 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. Finally, The Goldman Sachs Group began coverage on shares of Lloyds Banking Group in a research note on Friday, October 4th. They issued a "neutral" rating on the stock. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price 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.