Patriot Financial Group Insurance Agency LLC Grows Stock Position in Lloyds Banking Group plc (NYSE:LYG)

Patriot Financial Group Insurance Agency LLC increased its holdings in Lloyds Banking Group plc (NYSE:LYG) by 7.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 159,560 shares of the financial services provider’s stock after buying an additional 11,279 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in Lloyds Banking Group were worth $434,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Aletheian Wealth Advisors LLC purchased a new stake in shares of Lloyds Banking Group in the 3rd quarter worth about $34,000. Simon Quick Advisors LLC purchased a new stake in shares of Lloyds Banking Group in the 4th quarter worth about $35,000. Cerro Pacific Wealth Advisors LLC purchased a new stake in shares of Lloyds Banking Group in the 4th quarter worth about $37,000. Arkadios Wealth Advisors acquired a new position in Lloyds Banking Group in the 3rd quarter valued at about $42,000. Finally, Lazari Capital Management Inc. acquired a new position in Lloyds Banking Group in the 2nd quarter valued at about $46,000. 2.15% of the stock is currently owned by hedge funds and other institutional investors.

Lloyds Banking Group Price Performance

NYSE LYG opened at $3.06 on Thursday. Lloyds Banking Group plc has a 12 month low of $2.00 and a 12 month high of $3.24. The company has a 50-day moving average of $2.76 and a 200-day moving average of $2.91. The company has a market cap of $46.29 billion, a P/E ratio of 7.83 and a beta of 1.31.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Morgan Stanley downgraded shares of Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, October 30th. The Goldman Sachs Group assumed coverage on shares of Lloyds Banking Group in a research note on Friday, October 4th. They issued a “neutral” rating for the company. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average 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.