Lloyds Banking Group plc (NYSE:LYG) Shares Purchased by Townsquare Capital LLC

Townsquare Capital LLC raised its stake in shares of Lloyds Banking Group plc (NYSE:LYG - Free Report) by 36.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,518,111 shares of the financial services provider's stock after acquiring an additional 402,998 shares during the quarter. Townsquare Capital LLC's holdings in Lloyds Banking Group were worth $4,737,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in LYG. Russell Investments Group Ltd. raised its stake in shares of Lloyds Banking Group by 138.2% during the 1st quarter. Russell Investments Group Ltd. now owns 26,453 shares of the financial services provider's stock worth $69,000 after acquiring an additional 15,348 shares in the last quarter. SVB Wealth LLC lifted its holdings in shares of Lloyds Banking Group by 13.1% during the 1st quarter. SVB Wealth LLC now owns 51,658 shares of the financial services provider's stock valued at $134,000 after purchasing an additional 6,000 shares during the last quarter. Cetera Investment Advisers boosted its position in shares of Lloyds Banking Group by 1,653.7% in the 1st quarter. Cetera Investment Advisers now owns 1,214,920 shares of the financial services provider's stock worth $3,147,000 after purchasing an additional 1,145,643 shares in the last quarter. Cetera Advisors LLC grew its stake in Lloyds Banking Group by 14.0% during the 1st quarter. Cetera Advisors LLC now owns 272,764 shares of the financial services provider's stock worth $706,000 after buying an additional 33,473 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in Lloyds Banking Group by 44.6% in the first quarter. EverSource Wealth Advisors LLC now owns 16,072 shares of the financial services provider's stock valued at $41,000 after buying an additional 4,955 shares during the last quarter. 2.15% of the stock is owned by institutional investors.

Lloyds Banking Group Stock Performance

Shares of Lloyds Banking Group stock traded up $0.01 during trading on Friday, hitting $2.70. 4,122,713 shares of the company's stock were exchanged, compared to its average volume of 9,602,470. Lloyds Banking Group plc has a 52-week low of $2.00 and a 52-week 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. The stock has a market capitalization of $41.22 billion, a price-to-earnings ratio of 6.92 and a beta of 1.35. The business has a 50-day simple moving average of $2.95 and a 200-day simple moving average of $2.92.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Morgan Stanley lowered Lloyds Banking Group from an "overweight" rating to an "equal weight" rating in a research note on Wednesday, October 30th. The Goldman Sachs Group started coverage on shares of Lloyds Banking Group in a research note on Friday, October 4th. They set a "neutral" rating on the stock. Citigroup lowered shares of Lloyds Banking Group from a "buy" rating to a "neutral" rating in a report on Monday, August 5th. Finally, Kepler Capital Markets initiated coverage on Lloyds Banking Group in a research note on Thursday, September 5th. They issued a "hold" rating for the company. Seven equities research 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.com, Lloyds Banking Group has an average rating of "Hold" and a consensus price target of $2.75.

Lloyds Banking Group 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.