Lloyds Banking Group (NYSE:LYG - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "hold" rating to a "buy" rating in a report released on Saturday.
LYG has been the subject of a number of other research reports. HSBC upgraded Lloyds Banking Group from a "hold" rating to a "buy" rating in a report on Tuesday, April 1st. Keefe, Bruyette & Woods upgraded Lloyds Banking Group from a "hold" rating to a "moderate buy" rating in a report on Thursday, July 17th. Five investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Lloyds Banking Group has an average rating of "Moderate Buy".
Check Out Our Latest Stock Analysis on LYG
Lloyds Banking Group Stock Performance
Shares of Lloyds Banking Group stock opened at $4.32 on Friday. The company has a market capitalization of $64.75 billion, a PE ratio of 10.79, a PEG ratio of 0.89 and a beta of 0.99. Lloyds Banking Group has a 12 month low of $2.56 and a 12 month high of $4.34. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.62. The stock's fifty day simple moving average is $4.19 and its 200 day simple moving average is $3.73.
Lloyds Banking Group (NYSE:LYG - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The financial services provider reported $0.14 EPS for the quarter, topping the consensus estimate of $0.10 by $0.04. The business had revenue of $6.13 billion for the quarter, compared to the consensus estimate of $4.86 billion. Lloyds Banking Group had a return on equity of 9.40% and a net margin of 17.51%. On average, research analysts predict that Lloyds Banking Group will post 0.27 EPS for the current year.
Hedge Funds Weigh In On Lloyds Banking Group
Several hedge funds have recently modified their holdings of LYG. Crux Wealth Advisors bought a new position in shares of Lloyds Banking Group in the 4th quarter valued at about $28,000. V Square Quantitative Management LLC bought a new position in Lloyds Banking Group during the second quarter worth about $29,000. Focus Partners Wealth bought a new position in Lloyds Banking Group during the fourth quarter worth about $31,000. Opal Wealth Advisors LLC bought a new position in Lloyds Banking Group during the second quarter worth about $35,000. Finally, Advisor Resource Council bought a new position in Lloyds Banking Group during the first quarter worth about $37,000. Institutional investors own 2.15% of the company's stock.
Lloyds Banking Group Company Profile
(
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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.
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