Lloyds Banking Group (LYG) Stock Rating Lowered by Morgan Stanley

Lloyds Banking Group (NYSE:LYG) was downgraded by stock analysts at Morgan Stanley from an “overweight” rating to an “equal” rating in a research report issued on Wednesday.

Other analysts also recently issued research reports about the stock. Goldman Sachs Group reaffirmed a “sell” rating on shares of Lloyds Banking Group in a report on Tuesday. UBS Group reaffirmed a “buy” rating on shares of Lloyds Banking Group in a report on Wednesday, November 29th. Zacks Investment Research raised shares of Lloyds Banking Group from a “sell” rating to a “hold” rating in a report on Wednesday, December 13th. BNP Paribas raised shares of Lloyds Banking Group from an “underperform” rating to a “neutral” rating in a report on Monday, December 11th. Finally, Macquarie downgraded shares of Lloyds Banking Group from a “neutral” rating to an “underperform” rating in a report on Wednesday, November 29th. Seven analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $4.00.

Shares of Lloyds Banking Group (NYSE LYG) traded up $0.02 during midday trading on Wednesday, hitting $3.82. 776,963 shares of the company’s stock traded hands, compared to its average volume of 3,626,500. Lloyds Banking Group has a 12 month low of $3.15 and a 12 month high of $3.87. The stock has a market capitalization of $67,090.00, a P/E ratio of 16.59 and a beta of 0.76.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Parametric Portfolio Associates LLC lifted its holdings in shares of Lloyds Banking Group by 8.1% in the third quarter. Parametric Portfolio Associates LLC now owns 9,788,783 shares of the financial services provider’s stock valued at $35,827,000 after purchasing an additional 735,500 shares in the last quarter. Americafirst Capital Management LLC acquired a new position in shares of Lloyds Banking Group in the third quarter valued at approximately $437,000. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Lloyds Banking Group by 54.3% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 84,218 shares of the financial services provider’s stock valued at $306,000 after buying an additional 29,633 shares during the last quarter. Cubist Systematic Strategies LLC raised its position in shares of Lloyds Banking Group by 942.9% in the third quarter. Cubist Systematic Strategies LLC now owns 278,433 shares of the financial services provider’s stock valued at $1,019,000 after buying an additional 251,736 shares during the last quarter. Finally, Capital Bank & Trust Co raised its position in shares of Lloyds Banking Group by 4.3% in the third quarter. Capital Bank & Trust Co now owns 6,517,212 shares of the financial services provider’s stock valued at $23,853,000 after buying an additional 268,463 shares during the last quarter. 2.11% of the stock is currently owned by institutional investors.

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Lloyds Banking Group Company Profile

Lloyds Banking Group plc is a provider of financial services to individual and business customers in the United Kingdom. The Company’s main business activities are retail and commercial banking, general insurance, and long-term savings, protection and investment. The Company’s segments are Retail, Commercial Banking, Consumer Finance, Insurance and Other.

Analyst Recommendations for Lloyds Banking Group (NYSE:LYG)

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