Timber Creek Capital Management LLC Grows Position in Lloyds Banking Group plc (NYSE:LYG)

Timber Creek Capital Management LLC boosted its holdings in Lloyds Banking Group plc (NYSE:LYG) by 0.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,192,663 shares of the financial services provider’s stock after buying an additional 7,384 shares during the quarter. Timber Creek Capital Management LLC’s holdings in Lloyds Banking Group were worth $3,244,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. FMR LLC boosted its holdings in Lloyds Banking Group by 14.7% in the third quarter. FMR LLC now owns 19,280,034 shares of the financial services provider’s stock worth $60,154,000 after purchasing an additional 2,472,263 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Lloyds Banking Group by 58.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,659,629 shares of the financial services provider’s stock worth $20,778,000 after buying an additional 2,456,914 shares during the last quarter. Raymond James & Associates grew its holdings in shares of Lloyds Banking Group by 37.4% in the third quarter. Raymond James & Associates now owns 3,416,484 shares of the financial services provider’s stock worth $10,659,000 after acquiring an additional 929,478 shares during the period. Citigroup Inc. increased its position in Lloyds Banking Group by 58.3% during the third quarter. Citigroup Inc. now owns 1,703,943 shares of the financial services provider’s stock valued at $5,316,000 after acquiring an additional 627,592 shares during the last quarter. Finally, Maverick Capital Ltd. bought a new position in Lloyds Banking Group in the third quarter valued at about $1,405,000. Hedge funds and other institutional investors own 2.15% of the company’s stock.

Analysts Set New Price Targets

Separately, Morgan Stanley lowered shares of Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, October 30th. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Lloyds Banking Group currently has an average rating of “Hold” and a consensus price target of $2.75.

Lloyds Banking Group Stock Down 1.1 %

Shares of LYG opened at $3.19 on Wednesday. The business has a 50-day simple moving average of $2.88 and a two-hundred day simple moving average of $2.92. Lloyds Banking Group plc has a 52 week low of $2.13 and a 52 week high of $3.24. The stock has a market cap of $48.37 billion, a price-to-earnings ratio of 8.17 and a beta of 1.31.

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.