Lloyds Banking Group plc (NYSE:LYG) Shares Purchased by Continuum Advisory LLC

Continuum Advisory LLC raised its position in Lloyds Banking Group plc (NYSE:LYG) by 6.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 91,297 shares of the financial services provider’s stock after purchasing an additional 5,356 shares during the quarter. Continuum Advisory LLC’s holdings in Lloyds Banking Group were worth $285,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. FMR LLC raised its holdings in shares of Lloyds Banking Group by 14.7% in the 3rd quarter. FMR LLC now owns 19,280,034 shares of the financial services provider’s stock valued at $60,154,000 after buying an additional 2,472,263 shares during the period. Clearbridge Investments LLC acquired a new position in Lloyds Banking Group in the 2nd quarter valued at about $36,252,000. Envestnet Asset Management Inc. increased its stake in Lloyds Banking Group by 49.6% during the second quarter. Envestnet Asset Management Inc. now owns 8,577,101 shares of the financial services provider’s stock worth $23,415,000 after purchasing an additional 2,841,956 shares during the period. American Century Companies Inc. boosted its stake in shares of Lloyds Banking Group by 17.2% in the second quarter. American Century Companies Inc. now owns 5,472,171 shares of the financial services provider’s stock valued at $14,939,000 after purchasing an additional 804,035 shares during the period. Finally, First Eagle Investment Management LLC grew its holdings in shares of Lloyds Banking Group by 25.3% in the second quarter. First Eagle Investment Management LLC now owns 5,087,379 shares of the financial services provider’s stock valued at $13,889,000 after purchasing an additional 1,026,639 shares in the last quarter. 2.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on LYG shares. The Goldman Sachs Group began coverage on shares of Lloyds Banking Group in a research report on Friday, October 4th. They issued a “neutral” rating for the company. Morgan Stanley lowered Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a report on Wednesday, October 30th. Finally, Kepler Capital Markets started coverage on Lloyds Banking Group in a report on Thursday, September 5th. They set a “hold” rating on the stock. Seven research 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 presently has a consensus rating of “Hold” and a consensus price target of $2.75.

Lloyds Banking Group Price Performance

Lloyds Banking Group stock opened at $2.69 on Wednesday. The company has a current ratio of 1.45, a quick ratio of 1.48 and a debt-to-equity ratio of 1.76. The company has a fifty day simple moving average of $2.89 and a 200-day simple moving average of $2.92. The stock has a market cap of $41.06 billion, a P/E ratio of 6.88 and a beta of 1.33. Lloyds Banking Group plc has a 12-month low of $2.00 and a 12-month high of $3.24.

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.