Lloyds Banking Group plc (NYSE:LYG) Shares Purchased by Stephens Inc. AR

Stephens Inc. AR increased its position in shares of Lloyds Banking Group plc (NYSE:LYG) by 3.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 157,627 shares of the financial services provider’s stock after purchasing an additional 4,553 shares during the period. Stephens Inc. AR’s holdings in Lloyds Banking Group were worth $429,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LYG. JPMorgan Chase & Co. increased its position in shares of Lloyds Banking Group by 58.5% during the third quarter. JPMorgan Chase & Co. now owns 6,659,629 shares of the financial services provider’s stock valued at $20,778,000 after acquiring an additional 2,456,914 shares during the last quarter. BNP Paribas Financial Markets acquired a new stake in shares of Lloyds Banking Group during the third quarter valued at about $1,035,000. US Bancorp DE increased its position in shares of Lloyds Banking Group by 36.6% during the third quarter. US Bancorp DE now owns 757,336 shares of the financial services provider’s stock valued at $2,363,000 after acquiring an additional 202,862 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Lloyds Banking Group by 20.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,055,584 shares of the financial services provider’s stock valued at $3,293,000 after acquiring an additional 180,178 shares during the last quarter. Finally, Raymond James & Associates increased its position in shares of Lloyds Banking Group by 37.4% during the third quarter. Raymond James & Associates now owns 3,416,484 shares of the financial services provider’s stock valued at $10,659,000 after acquiring an additional 929,478 shares during the last quarter. 2.15% of the stock is currently owned by institutional investors and hedge funds.

Lloyds Banking Group Stock Performance

NYSE LYG opened at $3.22 on Friday. The firm has a 50 day simple moving average of $2.86 and a 200-day simple moving average of $2.92. Lloyds Banking Group plc has a one year low of $2.04 and a one year high of $3.24. The firm has a market cap of $48.71 billion, a price-to-earnings ratio of 8.24 and a beta of 1.31.

Analysts Set New Price Targets

Separately, 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. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $2.75.

About Lloyds Banking Group

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.