Lloyds Banking Group PLC (NYSE:LYG) shares saw unusually-strong trading volume on Thursday . Approximately 35,889,672 shares traded hands during mid-day trading, an increase of 134% from the previous session’s volume of 15,334,190 shares.The stock last traded at $2.58 and had previously closed at $2.55.

Several equities analysts have commented on LYG shares. Deutsche Bank AG reaffirmed a “buy” rating on shares of Lloyds Banking Group PLC in a report on Sunday, June 26th. Macquarie raised Lloyds Banking Group PLC from a “neutral” rating to an “outperform” rating in a report on Tuesday. Barclays PLC cut Lloyds Banking Group PLC from an “overweight” rating to an “equal weight” rating in a report on Monday, June 27th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Lloyds Banking Group PLC in a report on Monday, April 25th. Finally, Morgan Stanley reaffirmed a “buy” rating on shares of Lloyds Banking Group PLC in a report on Wednesday, March 30th. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 83.56 ($1.11).

The company has a market cap of $57.77 billion and a price-to-earnings ratio of 228.33. The stock has a 50-day moving average of $3.72 and a 200-day moving average of $3.88.

Several large investors have added to or reduced their stakes in the stock. Sei Investments Co. increased its stake in Lloyds Banking Group PLC by 126.3% in the fourth quarter. Sei Investments Co. now owns 366,249 shares of the financial services provider’s stock worth $1,597,000 after buying an additional 204,377 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. 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. 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. Finally, Neuberger Berman Group LLC increased its stake in Lloyds Banking Group PLC by 7.4% in the fourth quarter. Neuberger Berman Group LLC now owns 2,379,251 shares of the financial services provider’s stock worth $10,374,000 after buying an additional 164,612 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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