Lloyds Banking Group (NYSE:LYG) Sees Strong Trading Volume – What’s Next?

Lloyds Banking Group plc (NYSE:LYG) shares saw an uptick in trading volume on Friday . 5,607,658 shares traded hands during mid-day trading, a decline of 17% from the previous session’s volume of 6,743,076 shares.The stock last traded at $2.68 and had previously closed at $2.70.

Analyst Ratings Changes

A number of analysts have weighed in on LYG shares. The Goldman Sachs Group assumed coverage on Lloyds Banking Group in a report on Friday, October 4th. They set a “neutral” rating for the company. Kepler Capital Markets began coverage on Lloyds Banking Group in a report on Thursday, September 5th. They issued a “hold” rating for the company. Finally, Morgan Stanley cut Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a report on Wednesday, October 30th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $2.75.

Lloyds Banking Group Stock Performance

The company has a debt-to-equity ratio of 1.76, a current ratio of 1.45 and a quick ratio of 1.48. The firm has a fifty day simple moving average of $2.75 and a 200-day simple moving average of $2.91. The firm has a market cap of $40.91 billion, a P/E ratio of 6.92 and a beta of 1.31.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Aletheian Wealth Advisors LLC bought a new stake in shares of Lloyds Banking Group during the third quarter worth about $34,000. Tcwp LLC purchased a new stake in shares of Lloyds Banking Group in the second quarter worth approximately $32,000. Rothschild Investment LLC bought a new position in shares of Lloyds Banking Group in the second quarter valued at approximately $35,000. Arkadios Wealth Advisors purchased a new position in shares of Lloyds Banking Group during the third quarter valued at approximately $42,000. Finally, Aptus Capital Advisors LLC bought a new stake in Lloyds Banking Group during the second quarter worth $37,000. Institutional investors and hedge funds own 2.15% of the company’s stock.

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.