Parametric Portfolio Associates LLC increased its stake in Lloyds Banking Group PLC (NYSE:LYG) by 8.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,788,783 shares of the financial services provider’s stock after buying an additional 735,500 shares during the period. Parametric Portfolio Associates LLC owned 0.05% of Lloyds Banking Group worth $35,827,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Bank of Montreal Can increased its stake in shares of Lloyds Banking Group by 9.0% during the second quarter. Bank of Montreal Can now owns 45,681 shares of the financial services provider’s stock valued at $161,000 after purchasing an additional 3,790 shares in the last quarter. American Asset Management Inc. bought a new position in shares of Lloyds Banking Group during the second quarter valued at approximately $145,000. Cambridge Investment Research Advisors Inc. bought a new position in shares of Lloyds Banking Group during the second quarter valued at approximately $323,000. Eagle Asset Management Inc. increased its stake in shares of Lloyds Banking Group by 10.9% during the second quarter. Eagle Asset Management Inc. now owns 89,666 shares of the financial services provider’s stock valued at $316,000 after purchasing an additional 8,788 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. increased its stake in shares of Lloyds Banking Group by 2.1% during the second quarter. Oppenheimer Asset Management Inc. now owns 1,175,486 shares of the financial services provider’s stock valued at $4,149,000 after purchasing an additional 23,988 shares in the last quarter. 2.11% of the stock is owned by institutional investors.

A number of equities analysts have weighed in on the stock. UBS reaffirmed a “buy” rating on shares of Lloyds Banking Group in a research note on Wednesday, November 29th. Zacks Investment Research raised shares of Lloyds Banking Group from a “sell” rating to a “hold” rating in a research note on Wednesday, December 13th. Goldman Sachs Group reaffirmed a “sell” rating on shares of Lloyds Banking Group in a research note on Wednesday, September 6th. Macquarie downgraded shares of Lloyds Banking Group from a “neutral” rating to an “underperform” rating in a research note on Wednesday, November 29th. Finally, BNP Paribas raised shares of Lloyds Banking Group from an “underperform” rating to a “neutral” rating in a research note on Monday, December 11th. 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 stock. The company currently has an average rating of “Hold” and an average price target of $4.00.

Shares of Lloyds Banking Group PLC (NYSE LYG) opened at $3.67 on Friday. The firm has a market cap of $65,310.39, a P/E ratio of 6.72 and a beta of 0.76. The company has a current ratio of 1.38, a quick ratio of 1.39 and a debt-to-equity ratio of 1.79. Lloyds Banking Group PLC has a 1 year low of $3.06 and a 1 year high of $3.87.

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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.

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

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