Lloyds Banking Group (NYSE:LYG) Research Coverage Started at The Goldman Sachs Group

Stock analysts at The Goldman Sachs Group initiated coverage on shares of Lloyds Banking Group (NYSE:LYG) in a research report issued to clients and investors on Friday, MarketBeat.com reports. The brokerage set a “neutral” rating on the financial services provider’s stock.

Several other brokerages have also weighed in on LYG. BNP Paribas upgraded shares of Lloyds Banking Group from a “neutral” rating to an “outperform” rating in a research report on Friday, July 5th. Kepler Capital Markets assumed coverage on Lloyds Banking Group in a research note on Thursday, September 5th. They issued a “hold” rating on the stock. UBS Group restated a “neutral” rating on shares of Lloyds Banking Group in a research report on Tuesday, July 30th. Citigroup cut Lloyds Banking Group from a “buy” rating to a “neutral” rating in a research report on Monday, August 5th. Finally, Royal Bank of Canada downgraded shares of Lloyds Banking Group from an “outperform” rating to a “sector perform” rating in a research note on Friday, July 26th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $2.75.

Lloyds Banking Group Trading Up 3.3 %

Shares of LYG opened at $3.09 on Friday. The stock’s 50-day moving average price is $3.01 and its 200 day moving average price is $2.83. The company has a quick ratio of 1.48, a current ratio of 1.45 and a debt-to-equity ratio of 1.89. Lloyds Banking Group has a 12-month low of $1.88 and a 12-month high of $3.18. The firm has a market capitalization of $48.29 billion, a price-to-earnings ratio of 8.13 and a beta of 1.34.

Lloyds Banking Group (NYSE:LYG) last issued its earnings results on Thursday, July 25th. The financial services provider reported $0.09 EPS for the quarter. Lloyds Banking Group had a return on equity of 10.34% and a net margin of 12.40%. The business had revenue of $9.55 billion during the quarter. As a group, research analysts predict that Lloyds Banking Group will post 0.32 earnings per share for the current year.

Institutional Trading of Lloyds Banking Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Exencial Wealth Advisors LLC bought a new stake in Lloyds Banking Group during the 4th quarter worth about $28,000. Transcend Capital Advisors LLC acquired a new stake in shares of Lloyds Banking Group in the second quarter valued at approximately $28,000. Interchange Capital Partners LLC bought a new position in Lloyds Banking Group in the 2nd quarter worth approximately $28,000. Warren Street Wealth Advisors LLC acquired a new position in Lloyds Banking Group during the 4th quarter worth $29,000. Finally, Intergy Private Wealth LLC bought a new position in Lloyds Banking Group in the 2nd quarter valued at $29,000. 2.15% of the stock is currently owned by institutional investors and hedge funds.

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.