Lloyds Banking Group (NYSE:LYG) Receives New Coverage from Analysts at Berenberg Bank

Investment analysts at Berenberg Bank assumed coverage on shares of Lloyds Banking Group (NYSE:LYG - Get Free Report) in a research report issued on Thursday, Marketbeat Ratings reports. The brokerage set a "hold" rating and a $2.75 price target on the financial services provider's stock. Berenberg Bank's price target points to a potential upside of 9.13% from the stock's current price.

Separately, Bank of America upgraded shares of Lloyds Banking Group from a "neutral" rating to a "buy" rating in a research note on Thursday, March 21st. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Lloyds Banking Group currently has an average rating of "Hold" and a consensus price target of $55.39.

Lloyds Banking Group Stock Down 0.8 %

Shares of LYG traded down $0.02 during trading hours on Thursday, hitting $2.52. The company had a trading volume of 11,793,611 shares, compared to its average volume of 9,228,265. Lloyds Banking Group has a 52-week low of $1.88 and a 52-week high of $2.72. The firm has a fifty day moving average price of $2.47 and a 200-day moving average price of $2.27. The stock has a market capitalization of $40.14 billion, a price-to-earnings ratio of 6.30, a P/E/G ratio of 1.06 and a beta of 1.32. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.48 and a current ratio of 1.48.

Lloyds Banking Group (NYSE:LYG - Get Free Report) last released its quarterly earnings data on Thursday, February 22nd. The financial services provider reported $0.11 earnings per share (EPS) for the quarter. Lloyds Banking Group had a return on equity of 11.29% and a net margin of 17.97%. The business had revenue of $19.05 billion for the quarter. On average, equities research analysts forecast that Lloyds Banking Group will post 0.32 EPS for the current fiscal year.

Institutional Investors Weigh In On Lloyds Banking Group

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Aaron Wealth Advisors LLC purchased a new stake in shares of Lloyds Banking Group during the 1st quarter worth approximately $243,000. Valeo Financial Advisors LLC lifted its position in Lloyds Banking Group by 18.2% during the first quarter. Valeo Financial Advisors LLC now owns 47,135 shares of the financial services provider's stock valued at $120,000 after purchasing an additional 7,264 shares during the last quarter. Simplicity Wealth LLC purchased a new position in shares of Lloyds Banking Group in the 1st quarter worth $51,000. Global Retirement Partners LLC raised its position in shares of Lloyds Banking Group by 8.3% during the 1st quarter. Global Retirement Partners LLC now owns 358,192 shares of the financial services provider's stock valued at $928,000 after buying an additional 27,498 shares in the last quarter. Finally, Fifth Third Bancorp lifted its holdings in shares of Lloyds Banking Group by 53.9% in the 1st quarter. Fifth Third Bancorp now owns 13,283 shares of the financial services provider's stock valued at $34,000 after acquiring an additional 4,654 shares during the last quarter. 2.15% of the stock is owned by institutional investors.

Lloyds Banking Group Company 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.