19,883 Shares in Lloyds Banking Group plc (NYSE:LYG) Purchased by New Republic Capital LLC

New Republic Capital LLC bought a new stake in Lloyds Banking Group plc (NYSE:LYG) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 19,883 shares of the financial services provider’s stock, valued at approximately $54,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LYG. JPMorgan Chase & Co. increased its stake in Lloyds Banking Group by 58.5% in the third quarter. JPMorgan Chase & Co. now owns 6,659,629 shares of the financial services provider’s stock valued at $20,778,000 after purchasing an additional 2,456,914 shares in the last quarter. BNP Paribas Financial Markets acquired a new stake in shares of Lloyds Banking Group in the third quarter valued at about $1,035,000. US Bancorp DE raised its stake in shares of Lloyds Banking Group by 36.6% during the 3rd quarter. US Bancorp DE now owns 757,336 shares of the financial services provider’s stock worth $2,363,000 after purchasing an additional 202,862 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Lloyds Banking Group by 20.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,055,584 shares of the financial services provider’s stock worth $3,293,000 after acquiring an additional 180,178 shares in the last quarter. Finally, Raymond James & Associates lifted its stake in Lloyds Banking Group by 37.4% in the 3rd quarter. Raymond James & Associates now owns 3,416,484 shares of the financial services provider’s stock valued at $10,659,000 after purchasing an additional 929,478 shares during the last quarter. 2.15% of the stock is currently owned by institutional investors and hedge funds.

Lloyds Banking Group Stock Up 0.8 %

Shares of Lloyds Banking Group stock opened at $3.13 on Wednesday. The company has a 50-day simple moving average of $2.82 and a two-hundred day simple moving average of $2.91. Lloyds Banking Group plc has a twelve month low of $2.00 and a twelve month high of $3.24. The stock has a market capitalization of $47.35 billion, a price-to-earnings ratio of 8.01 and a beta of 1.31.

Analyst Ratings Changes

Separately, Morgan Stanley downgraded Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a report on Wednesday, October 30th. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Lloyds Banking Group has an average rating of “Hold” and a consensus target price of $2.75.

Lloyds Banking Group Profile

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.