Lloyds Banking Group PLC (NYSE:LYG) shot up 5.4% on Friday . The stock traded as high as $2.77 and last traded at $2.74, with a volume of 6,717,816 shares changing hands. The stock had previously closed at $2.60.

Several research analysts recently weighed in on LYG shares. Zacks Investment Research cut shares of Lloyds Banking Group PLC from a “buy” rating to a “hold” rating in a research report on Wednesday, June 29th. Barclays PLC cut shares of Lloyds Banking Group PLC from an “overweight” rating to an “equal weight” rating in a research report on Monday, June 27th. JPMorgan Chase & Co. restated a “buy” rating on shares of Lloyds Banking Group PLC in a research report on Monday, April 25th. Deutsche Bank AG restated a “buy” rating on shares of Lloyds Banking Group PLC in a research report on Monday, April 11th. Finally, Bank of America Corp. cut shares of Lloyds Banking Group PLC from a “neutral” rating to an “underperform” rating in a research report on Monday, June 27th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of GBX 87.13 ($1.16).

The stock has a market capitalization of $57.77 billion and a price-to-earnings ratio of 228.33. The stock has a 50-day moving average price of $3.77 and a 200-day moving average price of $3.89.

A number of hedge funds have recently added to or reduced their stakes in LYG. Wells Fargo & Company MN increased its stake in Lloyds Banking Group PLC by 7.7% in the fourth quarter. Wells Fargo & Company MN now owns 6,778,524 shares of the financial services provider’s stock worth $29,554,000 after buying an additional 487,292 shares during the last quarter. Thornburg Investment Management Inc. increased its stake in Lloyds Banking Group PLC by 320.6% in the fourth quarter. Thornburg Investment Management Inc. now owns 8,143,696 shares of the financial services provider’s stock worth $35,507,000 after buying an additional 6,207,651 shares during the last quarter. Comerica Bank increased its stake in Lloyds Banking Group PLC by 2.4% in the fourth quarter. Comerica Bank now owns 1,017,803 shares of the financial services provider’s stock worth $4,153,000 after buying an additional 23,972 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Lloyds Banking Group PLC by 291.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 460,390 shares of the financial services provider’s stock worth $2,007,000 after buying an additional 342,913 shares during the last quarter. Finally, TD Asset Management Inc. increased its stake in Lloyds Banking Group PLC by 26.3% in the fourth quarter. TD Asset Management Inc. now owns 1,592,804 shares of the financial services provider’s stock worth $7,550,000 after buying an additional 332,082 shares during the last quarter.

LLOYDS BANKING GROUP plc provides financial services to individual and business customers in the United Kingdom but also overseas. The Company’s business activities include retail and commercial banking, long-term savings, protection and investment. It operates through its segments, including Retail, Commercial Banking, Consumer Finance and Insurance.

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