Macquarie lowered shares of Lloyds Banking Group (NYSE:LYG) from a neutral rating to an underperform rating in a report released on Wednesday morning, The Fly reports.

Several other research firms have also commented on LYG. Zacks Investment Research upgraded shares of Lloyds Banking Group from a hold rating to a buy rating and set a $4.00 price objective on the stock in a research 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. BidaskClub lowered shares of Lloyds Banking Group from a sell rating to a strong sell rating in a report on Wednesday, August 2nd. UBS restated a buy rating on shares of Lloyds Banking Group in a report on Wednesday. Finally, Goldman Sachs Group restated a sell rating on shares of Lloyds Banking Group in a report on Wednesday, September 6th. Seven equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company. Lloyds Banking Group currently has an average rating of Hold and an average target price of $4.00.

Shares of Lloyds Banking Group (NYSE LYG) opened at $3.55 on Wednesday. Lloyds Banking Group has a 1 year low of $2.91 and a 1 year high of $3.87. 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 cap of $63,866.05, a PE ratio of 6.57 and a beta of 0.76.

A number of large investors have recently added to or reduced their stakes in LYG. Cambiar Investors LLC purchased a new position in Lloyds Banking Group in the 3rd quarter valued at about $11,152,000. Fisher Asset Management LLC increased its stake in shares of Lloyds Banking Group by 2.3% during the 3rd 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 during the last quarter. Crossmark Global Holdings Inc. acquired a new position in shares of Lloyds Banking Group during the 3rd quarter valued at about $5,898,000. Parametric Portfolio Associates LLC increased its stake in shares of Lloyds Banking Group by 16.7% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 9,156,686 shares of the financial services provider’s stock valued at $32,323,000 after acquiring an additional 1,313,408 shares during the last quarter. Finally, Mondrian Investment Partners LTD increased its stake in shares of Lloyds Banking Group by 10.2% during the 2nd quarter. Mondrian Investment Partners LTD now owns 13,946,206 shares of the financial services provider’s stock valued at $49,230,000 after acquiring an additional 1,291,000 shares during the last quarter. Institutional investors own 2.12% of the company’s stock.

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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.

The Fly

Analyst Recommendations for Lloyds Banking Group (NYSE:LYG)

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