Santa Barbara Asset Management LLC raised its stake in shares of Lloyds Banking Group PLC (NYSE:LYG) by 7.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,118,681 shares of the financial services provider’s stock after purchasing an additional 73,779 shares during the period. Santa Barbara Asset Management LLC’s holdings in Lloyds Banking Group were worth $4,094,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. raised its stake in Lloyds Banking Group by 0.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 28,925 shares of the financial services provider’s stock worth $102,000 after purchasing an additional 215 shares during the period. CAPROCK Group Inc. grew its stake in Lloyds Banking Group by 33.1% in the 2nd quarter. CAPROCK Group Inc. now owns 30,718 shares of the financial services provider’s stock valued at $108,000 after acquiring an additional 7,632 shares during the last quarter. Keybank National Association OH acquired a new stake in Lloyds Banking Group in the 3rd quarter valued at about $123,000. Advisor Partners LLC grew its stake in Lloyds Banking Group by 107.8% in the 2nd quarter. Advisor Partners LLC now owns 38,591 shares of the financial services provider’s stock valued at $136,000 after acquiring an additional 20,020 shares during the last quarter. Finally, American Asset Management Inc. acquired a new stake in Lloyds Banking Group in the 2nd quarter valued at about $145,000. 2.12% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have issued reports on LYG. Zacks Investment Research upgraded shares of Lloyds Banking Group from a “hold” rating to a “buy” rating and set a $4.00 target price on the stock in a report on Tuesday, September 26th. Credit Suisse Group upgraded shares of Lloyds Banking Group from a “neutral” rating to an “outperform” rating in a report on Tuesday, October 10th. Goldman Sachs Group restated a “sell” rating on shares of Lloyds Banking Group in a report on Wednesday. Macquarie lowered shares of Lloyds Banking Group from a “neutral” rating to an “underperform” rating in a report on Wednesday, November 29th. Finally, UBS restated a “buy” rating on shares of Lloyds Banking Group in a report on Wednesday, November 29th. Seven investment analysts have rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $4.00.

Lloyds Banking Group PLC (LYG) traded down $0.02 during trading hours on Wednesday, reaching $3.54. 3,226,500 shares of the company’s stock were exchanged, compared to its average volume of 5,631,636. The stock has a market cap of $64,045.95, a price-to-earnings ratio of 6.59 and a beta of 0.76. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.39 and a current ratio of 1.38. Lloyds Banking Group PLC has a 52 week low of $3.00 and a 52 week high of $3.87.

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About Lloyds Banking Group

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.

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

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