Cambiar Investors LLC Acquires Shares of 3,046,965 Lloyds Banking Group PLC (LYG)

Cambiar Investors LLC acquired a new stake in shares of Lloyds Banking Group PLC (NYSE:LYG) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 3,046,965 shares of the financial services provider’s stock, valued at approximately $11,152,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of LYG. Advisors Capital Management LLC purchased a new stake in shares of Lloyds Banking Group PLC during the second quarter valued at approximately $9,665,000. Fisher Asset Management LLC raised its stake in shares of Lloyds Banking Group PLC by 2.3% during the third quarter. Fisher Asset Management LLC now owns 119,266,160 shares of the financial services provider’s stock valued at $436,514,000 after purchasing an additional 2,673,114 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Lloyds Banking Group PLC by 18.7% in the first quarter. Dimensional Fund Advisors LP now owns 10,764,956 shares of the financial services provider’s stock worth $36,601,000 after buying an additional 1,697,943 shares during the last quarter. Crossmark Global Holdings Inc. bought a new stake in shares of Lloyds Banking Group PLC in the third quarter worth $5,898,000. Finally, Parametric Portfolio Associates LLC increased its stake in shares of Lloyds Banking Group PLC by 16.7% in the second quarter. Parametric Portfolio Associates LLC now owns 9,156,686 shares of the financial services provider’s stock worth $32,323,000 after buying an additional 1,313,408 shares during the last quarter. Institutional investors own 2.16% of the company’s stock.

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Lloyds Banking Group PLC (LYG) traded down $0.02 during trading on Tuesday, reaching $3.53. 3,556,900 shares of the company’s stock were exchanged, compared to its average volume of 5,733,252. The firm has a market capitalization of $63,866.05, a P/E ratio of 6.57 and a beta of 0.75. The company has a current ratio of 1.38, a quick ratio of 1.39 and a debt-to-equity ratio of 1.79. Lloyds Banking Group PLC has a 1 year low of $2.86 and a 1 year high of $3.87.

A number of analysts recently issued reports on LYG shares. Zacks Investment Research lowered shares of Lloyds Banking Group PLC from a “buy” rating to a “hold” rating in a research note on Saturday, September 2nd. BidaskClub lowered shares of Lloyds Banking Group PLC from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 2nd. Credit Suisse Group upgraded shares of Lloyds Banking Group PLC from a “neutral” rating to an “outperform” rating in a research note on Tuesday, October 10th. Finally, Goldman Sachs Group, Inc. (The) restated a “sell” rating on shares of Lloyds Banking Group PLC in a research note on Wednesday, September 6th. Six analysts have rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $4.00.

Lloyds Banking Group PLC 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.

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Institutional Ownership by Quarter for Lloyds Banking Group PLC (NYSE:LYG)

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