Checchi Capital Advisers LLC Purchases 11,049 Shares of Lloyds Banking Group PLC (NYSE:LYG)

Checchi Capital Advisers LLC increased its position in shares of Lloyds Banking Group PLC (NYSE:LYG) by 17.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 73,215 shares of the financial services provider’s stock after purchasing an additional 11,049 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Lloyds Banking Group were worth $193,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LYG. Schroder Investment Management Group bought a new position in shares of Lloyds Banking Group in the second quarter worth about $25,000. FLC Capital Advisors bought a new position in shares of Lloyds Banking Group in the second quarter worth about $29,000. Assetmark Inc. bought a new position in shares of Lloyds Banking Group in the second quarter worth about $29,000. AE Wealth Management LLC bought a new position in shares of Lloyds Banking Group in the third quarter worth about $29,000. Finally, Private Trust Co. NA bought a new position in shares of Lloyds Banking Group in the second quarter worth about $30,000. 1.99% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have recently commented on the stock. Zacks Investment Research raised shares of Lloyds Banking Group from a “sell” rating to a “hold” rating and set a $3.50 target price for the company in a report on Thursday, October 24th. ValuEngine cut shares of Lloyds Banking Group from a “sell” rating to a “strong sell” rating in a report on Monday, October 21st. Goldman Sachs Group cut shares of Lloyds Banking Group from a “neutral” rating to a “sell” rating in a report on Thursday, September 12th. Deutsche Bank cut shares of Lloyds Banking Group from a “buy” rating to a “hold” rating in a report on Friday, September 6th. Finally, Keefe, Bruyette & Woods cut shares of Lloyds Banking Group from a “market perform” rating to an “underperform” rating in a report on Thursday, September 5th. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $3.50.

Shares of NYSE LYG opened at $3.01 on Friday. The company has a 50 day simple moving average of $2.86 and a 200 day simple moving average of $2.79. The firm has a market cap of $53.21 billion, a PE ratio of 6.16 and a beta of 1.08. Lloyds Banking Group PLC has a 1 year low of $2.30 and a 1 year high of $3.46. The company has a debt-to-equity ratio of 2.53, a current ratio of 0.17 and a quick ratio of 1.49.

About Lloyds Banking Group

Lloyds Banking Group plc provides banking and financial services under the Lloyds Bank, Halifax, Bank of Scotland, and Scottish Widows brands in the United Kingdom and internationally. It operates through three segments: Retail, Commercial Banking, and Insurance and Wealth. The Retail segment offers a range of financial service products, including current accounts, savings accounts, mortgages, motor finance, unsecured consumer loans, leasing solutions, and credit cards to personal and small business customers.

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Institutional Ownership by Quarter for Lloyds Banking Group (NYSE:LYG)

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