Lloyds Banking Group (LYG) Earns Sell Rating from Goldman Sachs Group

Goldman Sachs Group reaffirmed their sell rating on shares of Lloyds Banking Group (NYSE:LYG) in a research report sent to investors on Tuesday morning.

A number of other research analysts have also recently commented on the stock. Zacks Investment Research raised shares of Lloyds Banking Group from a sell rating to a hold rating in a research report on Wednesday, December 13th. Credit Suisse Group raised shares of Lloyds Banking Group from a neutral rating to an outperform rating in a research report on Tuesday, October 10th. BNP Paribas raised shares of Lloyds Banking Group from an underperform rating to a neutral rating in a research report on Monday, December 11th. UBS Group reissued a buy rating on shares of Lloyds Banking Group in a research report on Monday, December 11th. Finally, Macquarie cut shares of Lloyds Banking Group from a neutral rating to an underperform rating in a research report on Wednesday, November 29th. Six analysts have rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $4.00.

Lloyds Banking Group (LYG) traded up $0.09 during midday trading on Tuesday, hitting $3.96. 4,095,493 shares of the stock were exchanged, compared to its average volume of 3,870,000. Lloyds Banking Group has a twelve month low of $3.15 and a twelve month high of $3.96. The firm has a market capitalization of $69,450.00, a PE ratio of 17.22 and a beta of 0.76.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Fisher Asset Management LLC raised its holdings in Lloyds Banking Group by 2.3% in the third quarter. Fisher Asset Management LLC now owns 119,266,160 shares of the financial services provider’s stock valued at $436,514,000 after acquiring an additional 2,673,114 shares in the last quarter. Mondrian Investment Partners LTD raised its holdings in Lloyds Banking Group by 6.4% in the third quarter. Mondrian Investment Partners LTD now owns 14,836,206 shares of the financial services provider’s stock valued at $54,301,000 after acquiring an additional 890,000 shares in the last quarter. Parametric Portfolio Associates LLC raised its holdings in Lloyds Banking Group by 8.1% in the third quarter. Parametric Portfolio Associates LLC now owns 9,788,783 shares of the financial services provider’s stock valued at $35,827,000 after acquiring an additional 735,500 shares in the last quarter. Capital Bank & Trust Co raised its holdings in Lloyds Banking Group by 4.3% in the third quarter. Capital Bank & Trust Co now owns 6,517,212 shares of the financial services provider’s stock valued at $23,853,000 after acquiring an additional 268,463 shares in the last quarter. Finally, Wells Fargo & Company MN raised its holdings in Lloyds Banking Group by 1.8% in the third quarter. Wells Fargo & Company MN now owns 3,221,781 shares of the financial services provider’s stock valued at $11,792,000 after acquiring an additional 57,289 shares in the last quarter. 2.11% of the stock is currently owned by hedge funds and other institutional investors.

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Lloyds Banking Group Company Profile

Lloyds Banking Group plc is a provider of financial services to individual and business customers in the United Kingdom. The Company’s main business activities are retail and commercial banking, general insurance, and long-term savings, protection and investment. The Company’s segments are Retail, Commercial Banking, Consumer Finance, Insurance and Other.

Analyst Recommendations for Lloyds Banking Group (NYSE:LYG)

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