International Assets Investment Management LLC Makes New Investment in Lloyds Banking Group plc (NYSE:LYG)

International Assets Investment Management LLC purchased a new stake in Lloyds Banking Group plc (NYSE:LYG) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 22,620 shares of the financial services provider’s stock, valued at approximately $71,000.

Other large investors also recently added to or reduced their stakes in the company. Lazari Capital Management Inc. increased its stake in Lloyds Banking Group by 19.8% during the third quarter. Lazari Capital Management Inc. now owns 20,391 shares of the financial services provider’s stock worth $64,000 after acquiring an additional 3,371 shares during the last quarter. Private Advisor Group LLC increased its stake in shares of Lloyds Banking Group by 4.6% during the third quarter. Private Advisor Group LLC now owns 221,379 shares of the financial services provider’s stock worth $691,000 after buying an additional 9,721 shares during the period. Signaturefd LLC raised its holdings in shares of Lloyds Banking Group by 5.0% in the 3rd quarter. Signaturefd LLC now owns 295,146 shares of the financial services provider’s stock valued at $921,000 after purchasing an additional 13,993 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in Lloyds Banking Group by 6.1% in the third quarter. Sequoia Financial Advisors LLC now owns 65,320 shares of the financial services provider’s stock valued at $204,000 after buying an additional 3,734 shares in the last quarter. Finally, Koss Olinger Consulting LLC purchased a new stake in Lloyds Banking Group during the third quarter worth approximately $63,000. 2.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LYG has been the subject of a number of research reports. The Goldman Sachs Group began coverage on shares of Lloyds Banking Group in a research report on Friday, October 4th. They issued a “neutral” rating for the company. Morgan Stanley lowered shares of Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, October 30th. Royal Bank of Canada downgraded shares of Lloyds Banking Group from an “outperform” rating to a “sector perform” rating in a research note on Friday, July 26th. Citigroup cut Lloyds Banking Group from a “buy” rating to a “neutral” rating in a research report on Monday, August 5th. Finally, Kepler Capital Markets initiated coverage on shares of Lloyds Banking Group in a research note on Thursday, September 5th. They set a “hold” rating on the stock. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $2.75.

Lloyds Banking Group Price Performance

LYG stock opened at $2.82 on Friday. Lloyds Banking Group plc has a 12 month low of $1.99 and a 12 month high of $3.24. The firm has a market capitalization of $43.27 billion, a PE ratio of 7.21 and a beta of 1.35. The company’s 50 day simple moving average is $3.04 and its 200-day simple moving average is $2.91. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.45 and a quick ratio of 1.48.

Lloyds Banking Group Company Profile

Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial services in the United Kingdom and internationally. It operates in three segments: Retail; Commercial Banking; and Insurance, Pensions and Investments. The Retail segment offers a range of financial service products, including current accounts, savings, mortgages, motor finance, unsecured loans, leasing solutions, and credit cards to personal customers.