Shares of Lloyds Banking Group PLC (NYSE:LYG) fell 2.7% during mid-day trading on Friday . The company traded as low as $2.90 and last traded at $2.93, with a volume of 3,964,450 shares changing hands. The stock had previously closed at $3.01.

A number of research firms have recently issued reports on LYG. Macquarie upgraded shares of Lloyds Banking Group PLC from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 5th. Zacks Investment Research upgraded shares of Lloyds Banking Group PLC from a “sell” rating to a “hold” rating in a research note on Tuesday, July 5th. JPMorgan Chase & Co. lowered shares of Lloyds Banking Group PLC from an “overweight” rating to a “neutral” rating in a research note on Monday, June 27th. Barclays PLC lowered shares of Lloyds Banking Group PLC from an “overweight” rating to an “equal weight” rating in a research note on Monday, June 27th. Finally, Bank of America Corp. lowered shares of Lloyds Banking Group PLC from a “neutral” rating to an “underperform” rating in a research note on Monday, June 27th. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 83.07 ($1.10).

The stock has a market capitalization of $61.56 billion and a P/E ratio of 243.33. The stock’s 50-day moving average is $3.38 and its 200 day moving average is $3.78.

A number of large investors recently bought and sold shares of LYG. Sei Investments Co. raised 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 valued at $1,597,000 after buying an additional 204,377 shares during the period. PNC Financial Services Group Inc. raised 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 valued at $2,007,000 after buying an additional 342,913 shares during the period. Comerica Bank raised 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 valued at $4,153,000 after buying an additional 23,972 shares during the period. Wells Fargo & Company MN raised 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 valued at $29,554,000 after buying an additional 487,292 shares during the period. Finally, Thornburg Investment Management Inc. raised 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 valued at $35,507,000 after buying an additional 6,207,651 shares during the period.

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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