Lloyds Banking Group PLC (NYSE:LYG) Given Average Recommendation of “Moderate Buy” by Brokerages

Lloyds Banking Group PLC (NYSE:LYG) has been given an average recommendation of “Moderate Buy” by the eleven research firms that are covering the company, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company.

Several research analysts have weighed in on LYG shares. Citigroup reissued a “buy” rating on shares of Lloyds Banking Group in a report on Thursday, April 30th. UBS Group raised shares of Lloyds Banking Group from a “neutral” rating to a “buy” rating in a report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Lloyds Banking Group in a report on Tuesday, February 3rd. Wall Street Zen raised shares of Lloyds Banking Group from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Finally, Weiss Ratings cut shares of Lloyds Banking Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 11th.

Lloyds Banking Group Stock Up 0.1%

Shares of LYG stock opened at $5.51 on Thursday. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.56 and a current ratio of 0.56. The firm’s 50-day moving average is $5.29 and its 200-day moving average is $5.33. The stock has a market cap of $80.51 billion, a price-to-earnings ratio of 12.51, a PEG ratio of 0.55 and a beta of 0.88. Lloyds Banking Group has a 52-week low of $3.98 and a 52-week high of $6.34.

Lloyds Banking Group (NYSE:LYG) last issued its earnings results on Tuesday, March 31st. The financial services provider reported $0.13 earnings per share (EPS) for the quarter. The company had revenue of $6.87 billion for the quarter. Lloyds Banking Group had a net margin of 25.11% and a return on equity of 10.63%. Sell-side analysts predict that Lloyds Banking Group will post 0.53 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Mondrian Investment Partners LTD acquired a new position in shares of Lloyds Banking Group during the 3rd quarter worth approximately $285,004,000. Advisors Preferred LLC acquired a new stake in shares of Lloyds Banking Group during the 3rd quarter worth approximately $1,386,000. Fisher Asset Management LLC boosted its position in shares of Lloyds Banking Group by 0.8% during the 3rd quarter. Fisher Asset Management LLC now owns 149,958,264 shares of the financial services provider’s stock worth $680,811,000 after acquiring an additional 1,129,641 shares in the last quarter. Crossmark Global Holdings Inc. boosted its position in shares of Lloyds Banking Group by 4.4% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 5,079,633 shares of the financial services provider’s stock worth $23,062,000 after acquiring an additional 211,920 shares in the last quarter. Finally, Assetmark Inc. boosted its position in shares of Lloyds Banking Group by 24.0% during the 4th quarter. Assetmark Inc. now owns 3,416,144 shares of the financial services provider’s stock worth $18,106,000 after acquiring an additional 660,256 shares in the last quarter. 2.15% of the stock is owned by institutional investors.

Lloyds Banking Group Company Profile

Lloyds Banking Group plc is a UK-based banking and financial services company that provides a broad range of retail, commercial and insurance products. Its principal consumer-facing brands include Lloyds Bank, Halifax and Bank of Scotland, through which it offers current accounts, savings, mortgages, credit cards and personal loans. The group also delivers services to small and medium-sized enterprises (SMEs) and larger corporate clients, supplying business accounts, lending, payments and cash-management solutions.

In addition to core banking, Lloyds operates a significant wealth and insurance arm under the Scottish Widows brand, offering life insurance, pensions, investment and retirement planning products.