Marks Group Wealth Management Inc Has $572,000 Stock Holdings in Lloyds Banking Group plc (NYSE:LYG)

Marks Group Wealth Management Inc lifted its holdings in shares of Lloyds Banking Group plc (NYSE:LYG) by 18.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 210,113 shares of the financial services provider’s stock after purchasing an additional 33,205 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Lloyds Banking Group were worth $572,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of LYG. Apollon Wealth Management LLC raised its holdings in Lloyds Banking Group by 2.8% during the fourth quarter. Apollon Wealth Management LLC now owns 122,641 shares of the financial services provider’s stock valued at $334,000 after buying an additional 3,346 shares in the last quarter. Lazari Capital Management Inc. raised its stake in shares of Lloyds Banking Group by 19.8% in the 3rd quarter. Lazari Capital Management Inc. now owns 20,391 shares of the financial services provider’s stock valued at $64,000 after acquiring an additional 3,371 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in Lloyds Banking Group by 6.1% in 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. Brio Consultants LLC boosted its position in Lloyds Banking Group by 30.2% during the fourth quarter. Brio Consultants LLC now owns 16,735 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 3,880 shares during the period. Finally, Baron Wealth Management LLC grew its holdings in Lloyds Banking Group by 30.8% during 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. Institutional investors own 2.15% of the company’s stock.

Lloyds Banking Group Trading Up 1.6 %

LYG opened at $3.18 on Thursday. The business has a 50 day moving average of $2.83 and a 200-day moving average of $2.91. The stock has a market capitalization of $48.18 billion, a price-to-earnings ratio of 8.15 and a beta of 1.31. Lloyds Banking Group plc has a 1-year low of $2.00 and a 1-year high of $3.24.

Wall Street Analysts Forecast Growth

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