Lloyds Banking Group PLC (NYSE:LYG)’s share price rose 5.7% during trading on Tuesday . The stock traded as high as $2.59 and last traded at $2.59, approximately 5,511,970 shares changed hands during trading. A decline of 10% from the average daily volume of 6,094,084 shares. The stock had previously closed at $2.45.

Several equities research analysts recently commented on the company. Keefe, Bruyette & Woods cut Lloyds Banking Group from a “market perform” rating to an “underperform” rating in a research note on Thursday, September 5th. Zacks Investment Research lowered Lloyds Banking Group from a “hold” rating to a “sell” rating in a research note on Tuesday, September 3rd. Deutsche Bank cut Lloyds Banking Group from a “buy” rating to a “hold” rating in a report on Friday. Davy Research raised shares of Lloyds Banking Group from a “neutral” rating to an “outperform” rating in a research report on Tuesday, May 28th. Finally, JPMorgan Chase & Co. downgraded shares of Lloyds Banking Group from an “overweight” rating to a “neutral” rating in a research report on Tuesday, July 16th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $3.75.

The firm’s 50 day simple moving average is $2.45 and its two-hundred day simple moving average is $2.94. The stock has a market capitalization of $44.93 billion, a P/E ratio of 7.85 and a beta of 1.04. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 2.36.

Lloyds Banking Group (NYSE:LYG) last released its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $0.12 earnings per share (EPS) for the quarter. The company had revenue of $5.99 billion for the quarter. Lloyds Banking Group had a net margin of 23.57% and a return on equity of 15.86%. As a group, equities research analysts expect that Lloyds Banking Group PLC will post 0.36 earnings per share for the current year.

A number of institutional investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. raised its position in shares of Lloyds Banking Group by 6.7% during the second quarter. Envestnet Asset Management Inc. now owns 4,050,057 shares of the financial services provider’s stock worth $11,502,000 after purchasing an additional 254,365 shares during the period. Sawtooth Solutions LLC bought a new stake in Lloyds Banking Group during the 2nd quarter valued at $99,000. American Trust Investment Advisors LLC increased its stake in Lloyds Banking Group by 22.4% during the 2nd quarter. American Trust Investment Advisors LLC now owns 77,600 shares of the financial services provider’s stock valued at $220,000 after purchasing an additional 14,210 shares in the last quarter. GWM Advisors LLC raised its holdings in Lloyds Banking Group by 43.3% during the second quarter. GWM Advisors LLC now owns 39,479 shares of the financial services provider’s stock worth $112,000 after buying an additional 11,938 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in Lloyds Banking Group by 1,744.4% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,337,399 shares of the financial services provider’s stock worth $3,798,000 after buying an additional 1,264,888 shares during the last quarter. 2.01% of the stock is owned by institutional investors and hedge funds.

Lloyds Banking Group Company Profile (NYSE:LYG)

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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