Kovitz Investment Group Partners LLC Invests $73,000 in Lloyds Banking Group plc (NYSE:LYG)

Kovitz Investment Group Partners LLC purchased a new stake in Lloyds Banking Group plc (NYSE:LYG) during the third quarter, Holdings Channel.com reports. The institutional investor purchased 23,311 shares of the financial services provider’s stock, valued at approximately $73,000.

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

Lloyds Banking Group Stock Up 0.7 %

Lloyds Banking Group stock opened at $2.79 on Friday. The company has a market capitalization of $42.28 billion, a PE ratio of 7.15 and a beta of 1.32. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.48 and a current ratio of 1.45. Lloyds Banking Group plc has a fifty-two week low of $2.00 and a fifty-two week high of $3.24. The firm has a 50 day moving average price of $2.87 and a 200 day moving average price of $2.92.

Analyst Ratings Changes

Several research analysts have recently commented on the company. The Goldman Sachs Group assumed coverage on Lloyds Banking Group in a report on Friday, October 4th. They set a “neutral” rating on the stock. Morgan Stanley lowered shares of Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a report on Wednesday, October 30th. Finally, Kepler Capital Markets started coverage on shares of Lloyds Banking Group in a report on Thursday, September 5th. They set a “hold” rating for the company. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average 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.