Cerity Partners LLC Has $2.15 Million Stake in Lloyds Banking Group plc (NYSE:LYG)

Cerity Partners LLC raised its stake in shares of Lloyds Banking Group plc (NYSE:LYG) by 73.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 687,833 shares of the financial services provider’s stock after buying an additional 290,927 shares during the quarter. Cerity Partners LLC’s holdings in Lloyds Banking Group were worth $2,146,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of LYG. Transcend Capital Advisors LLC acquired a new position in Lloyds Banking Group during the second quarter valued at approximately $28,000. Interchange Capital Partners LLC acquired a new position in shares of Lloyds Banking Group in the 2nd quarter valued at $28,000. Intergy Private Wealth LLC acquired a new position in shares of Lloyds Banking Group in the 2nd quarter valued at $29,000. Aletheian Wealth Advisors LLC bought a new stake in shares of Lloyds Banking Group in the 3rd quarter valued at $34,000. Finally, Tcwp LLC acquired a new stake in Lloyds Banking Group during the 2nd quarter worth $32,000. 2.15% of the stock is owned by institutional investors.

Lloyds Banking Group Stock Up 0.7 %

Shares of Lloyds Banking Group stock opened at $2.70 on Monday. Lloyds Banking Group plc has a 52-week low of $2.00 and a 52-week high of $3.24. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.48 and a current ratio of 1.45. The business’s 50 day simple moving average is $2.94 and its 200 day simple moving average is $2.92. The firm has a market cap of $41.29 billion, a PE ratio of 6.92 and a beta of 1.35.

Wall Street Analysts Forecast Growth

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

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.