Charles Schwab Investment Management Inc. Grows Position in Lloyds Banking Group plc (NYSE:LYG)

Charles Schwab Investment Management Inc. boosted its stake in Lloyds Banking Group plc (NYSE:LYG) by 20.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,055,584 shares of the financial services provider’s stock after buying an additional 180,178 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Lloyds Banking Group were worth $3,293,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of LYG. Lazari Capital Management Inc. lifted its holdings in shares of Lloyds Banking Group by 19.8% in the 3rd 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. Sequoia Financial Advisors LLC grew its position in Lloyds Banking Group by 6.1% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 65,320 shares of the financial services provider’s stock valued at $204,000 after acquiring an additional 3,734 shares in the last quarter. Patriot Financial Group Insurance Agency LLC increased its stake in Lloyds Banking Group by 2.8% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 135,436 shares of the financial services provider’s stock worth $370,000 after purchasing an additional 3,752 shares during the period. Baron Wealth Management LLC lifted its position in shares of Lloyds Banking Group by 30.8% during the third quarter. Baron Wealth Management LLC now owns 16,851 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 3,969 shares in the last quarter. Finally, AMG National Trust Bank boosted its stake in shares of Lloyds Banking Group by 0.4% in the second quarter. AMG National Trust Bank now owns 1,001,075 shares of the financial services provider’s stock valued at $2,733,000 after purchasing an additional 3,976 shares during the period. Institutional investors and hedge funds own 2.15% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on LYG. Kepler Capital Markets started coverage on Lloyds Banking Group in a report on Thursday, September 5th. They issued a “hold” rating for the company. Morgan Stanley cut Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, October 30th. Finally, The Goldman Sachs Group began coverage on shares of Lloyds Banking Group in a research note on Friday, October 4th. They set a “neutral” rating on the stock. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $2.75.

Lloyds Banking Group Stock Up 0.7 %

Lloyds Banking Group stock opened at $2.79 on Friday. The stock’s fifty day moving average is $2.87 and its two-hundred day moving average is $2.92. The stock has a market cap of $42.28 billion, a PE ratio of 7.15 and a beta of 1.32. Lloyds Banking Group plc has a 1-year low of $2.00 and a 1-year high of $3.24. 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.