Lloyds Banking Group PLC (NYSE:LYG) Receives Average Rating of "Hold" from Brokerages

Shares of Lloyds Banking Group PLC (NYSE:LYG - Get Free Report) have been given an average recommendation of "Hold" by the nine research firms that are currently covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company.

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen raised shares of Lloyds Banking Group from a "sell" rating to a "hold" rating in a report on Tuesday, May 13th. Hsbc Global Res upgraded shares of Lloyds Banking Group to a "strong-buy" rating in a report on Thursday, March 20th. Finally, HSBC upgraded Lloyds Banking Group from a "hold" rating to a "buy" rating in a report on Tuesday, April 1st.

Hedge Funds Weigh In On Lloyds Banking Group

Several institutional investors have recently bought and sold shares of LYG. Moody National Bank Trust Division grew its stake in shares of Lloyds Banking Group by 28.1% in the second quarter. Moody National Bank Trust Division now owns 14,405 shares of the financial services provider's stock worth $61,000 after acquiring an additional 3,161 shares in the last quarter. HF Advisory Group LLC increased its holdings in Lloyds Banking Group by 8.3% during the 2nd quarter. HF Advisory Group LLC now owns 384,367 shares of the financial services provider's stock worth $1,634,000 after purchasing an additional 29,621 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in Lloyds Banking Group by 112.2% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 124,024 shares of the financial services provider's stock valued at $516,000 after purchasing an additional 65,579 shares in the last quarter. Sivia Capital Partners LLC boosted its stake in shares of Lloyds Banking Group by 81.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 139,896 shares of the financial services provider's stock valued at $595,000 after buying an additional 62,742 shares during the period. Finally, Sunpointe LLC acquired a new position in shares of Lloyds Banking Group during the second quarter worth about $56,000. 2.15% of the stock is owned by institutional investors and hedge funds.

Lloyds Banking Group Price Performance

Shares of LYG stock traded down $0.01 on Monday, reaching $4.17. 8,393,158 shares of the company were exchanged, compared to its average volume of 18,399,608. Lloyds Banking Group has a 1 year low of $2.56 and a 1 year high of $4.30. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.53 and a current ratio of 0.53. The business has a 50-day moving average price of $4.11 and a 200 day moving average price of $3.61. The company has a market cap of $62.73 billion, a price-to-earnings ratio of 11.90, a P/E/G ratio of 0.87 and a beta of 0.99.

Lloyds Banking Group (NYSE:LYG - Get Free Report) last announced its earnings results on Thursday, May 1st. The financial services provider reported $0.11 EPS for the quarter, beating analysts' consensus estimates of $0.08 by $0.03. The business had revenue of $5.91 billion during the quarter, compared to analysts' expectations of $4.78 billion. Lloyds Banking Group had a return on equity of 8.62% and a net margin of 14.39%. Equities research analysts forecast that Lloyds Banking Group will post 0.27 earnings per share for the current fiscal year.

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.