Lloyds Banking Group PLC (NYSE:LYG) Receives Consensus Rating of "Hold" from Analysts

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

LYG has been the subject of several research analyst reports. Keefe, Bruyette & Woods downgraded Lloyds Banking Group from an "outperform" rating to a "market perform" rating in a research note on Tuesday, March 11th. Wall Street Zen raised Lloyds Banking Group from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th. Hsbc Global Res raised Lloyds Banking Group to a "strong-buy" rating in a research note on Thursday, March 20th. Finally, HSBC raised Lloyds Banking Group from a "hold" rating to a "buy" rating in a research note on Tuesday, April 1st.

Institutional Trading of Lloyds Banking Group

Several large investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp grew its holdings in shares of Lloyds Banking Group by 1.3% during the 4th quarter. Bank of New York Mellon Corp now owns 801,712 shares of the financial services provider's stock worth $2,181,000 after purchasing an additional 9,945 shares during the period. Jones Financial Companies Lllp grew its holdings in shares of Lloyds Banking Group by 17.1% during the 4th quarter. Jones Financial Companies Lllp now owns 167,816 shares of the financial services provider's stock worth $456,000 after purchasing an additional 24,478 shares during the period. SBI Securities Co. Ltd. purchased a new position in shares of Lloyds Banking Group during the 4th quarter worth $34,000. Steward Partners Investment Advisory LLC grew its holdings in shares of Lloyds Banking Group by 38.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 25,425 shares of the financial services provider's stock worth $69,000 after purchasing an additional 7,020 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Lloyds Banking Group by 6.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,126,422 shares of the financial services provider's stock worth $3,064,000 after purchasing an additional 70,838 shares during the period. 2.15% of the stock is currently owned by hedge funds and other institutional investors.

Lloyds Banking Group Stock Performance

NYSE:LYG traded down $0.05 during trading hours on Monday, reaching $4.11. The company had a trading volume of 10,368,488 shares, compared to its average volume of 18,435,076. Lloyds Banking Group has a 1-year low of $2.56 and a 1-year high of $4.30. The firm has a market cap of $61.90 billion, a PE ratio of 11.74, a price-to-earnings-growth ratio of 0.88 and a beta of 0.99. The business's 50 day moving average price is $4.10 and its 200-day moving average price is $3.59. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.53 and a quick ratio of 0.53.

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