Lloyds Banking Group plc (NYSE:LYG) Position Raised by XTX Topco Ltd

XTX Topco Ltd grew its position in shares of Lloyds Banking Group plc (NYSE:LYG - Free Report) by 405.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 401,736 shares of the financial services provider's stock after purchasing an additional 322,332 shares during the period. XTX Topco Ltd's holdings in Lloyds Banking Group were worth $1,253,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Interchange Capital Partners LLC purchased a new stake in shares of Lloyds Banking Group during the second quarter worth about $28,000. Tcwp LLC purchased a new stake in Lloyds Banking Group during the 2nd quarter worth approximately $32,000. Aletheian Wealth Advisors LLC acquired a new position in shares of Lloyds Banking Group in the 3rd quarter valued at approximately $34,000. Fiduciary Financial Group LLC acquired a new stake in shares of Lloyds Banking Group during the second quarter worth approximately $35,000. Finally, Rothschild Investment LLC bought a new stake in shares of Lloyds Banking Group in the second quarter worth $35,000. 2.15% of the stock is currently owned by hedge funds and other institutional investors.

Lloyds Banking Group Stock Performance

LYG traded down $0.02 on Tuesday, hitting $2.69. 7,059,441 shares of the company's stock were exchanged, compared to its average volume of 9,614,697. The company has a current ratio of 1.45, a quick ratio of 1.48 and a debt-to-equity ratio of 1.76. The stock has a fifty day moving average of $2.89 and a two-hundred day moving average of $2.92. Lloyds Banking Group plc has a twelve month low of $2.00 and a twelve month high of $3.24. The firm has a market cap of $41.06 billion, a PE ratio of 6.88 and a beta of 1.33.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. 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. Morgan Stanley downgraded Lloyds Banking Group from an "overweight" rating to an "equal weight" rating in a research note on Wednesday, October 30th. Finally, Kepler Capital Markets started coverage on Lloyds Banking Group in a report on Thursday, September 5th. They set a "hold" rating on the stock. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target 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.