Lloyds Banking Group PLC (NYSE:LYG) saw an uptick in trading volume on Tuesday . 11,784,747 shares changed hands during trading, an increase of 110% from the previous session’s volume of 5,615,338 shares.The stock last traded at $3.64 and had previously closed at $3.62.

A number of brokerages recently issued reports on LYG. UBS restated a “buy” rating on shares of Lloyds Banking Group in a report on Monday. Goldman Sachs Group restated a “sell” rating on shares of Lloyds Banking Group in a report on Wednesday, December 6th. Zacks Investment Research upgraded 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. BNP Paribas upgraded Lloyds Banking Group from an “underperform” rating to a “neutral” rating in a report on Monday. Finally, Macquarie downgraded Lloyds Banking Group from a “neutral” rating to an “underperform” rating in a report on Wednesday, November 29th. Seven investment analysts have rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. Lloyds Banking Group currently has a consensus rating of “Hold” and an average target price of $4.00.

The company has a quick ratio of 1.39, a current ratio of 1.38 and a debt-to-equity ratio of 1.79. The company has a market capitalization of $65,310.39, a price-to-earnings ratio of 6.72 and a beta of 0.76.

Several hedge funds have recently bought and sold shares of the business. Americafirst Capital Management LLC purchased a new position in shares of Lloyds Banking Group during the 3rd quarter worth approximately $437,000. Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of Lloyds Banking Group by 54.3% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 84,218 shares of the financial services provider’s stock worth $306,000 after acquiring an additional 29,633 shares during the period. Cubist Systematic Strategies LLC grew its holdings in shares of Lloyds Banking Group by 942.9% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 278,433 shares of the financial services provider’s stock worth $1,019,000 after acquiring an additional 251,736 shares during the period. Capital Bank & Trust Co boosted its position in shares of Lloyds Banking Group by 4.3% in the 3rd quarter. Capital Bank & Trust Co now owns 6,517,212 shares of the financial services provider’s stock worth $23,853,000 after purchasing an additional 268,463 shares in the last quarter. Finally, Santa Barbara Asset Management LLC boosted its position in shares of Lloyds Banking Group by 7.1% in the 3rd quarter. Santa Barbara Asset Management LLC now owns 1,118,681 shares of the financial services provider’s stock worth $4,094,000 after purchasing an additional 73,779 shares in the last quarter. Hedge funds and other institutional investors own 2.12% of the company’s stock.

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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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