Lloyds Banking Group PLC (NYSE:LYG)’s share price traded up 2.4% during trading on Wednesday . The stock traded as high as $3.01 and last traded at $2.98, with a volume of 3,267,605 shares trading hands. The stock had previously closed at $2.91.

Several equities analysts have commented on the company. Deutsche Bank AG reiterated a “buy” rating on shares of Lloyds Banking Group PLC in a research report on Thursday, May 26th. Zacks Investment Research upgraded Lloyds Banking Group PLC from a “sell” rating to a “buy” rating and set a $4.75 target price for the company in a research report on Wednesday, June 22nd. JPMorgan Chase & Co. restated a “buy” rating on shares of Lloyds Banking Group PLC in a research report on Monday, April 25th. Finally, Morgan Stanley restated a “buy” rating on shares of Lloyds Banking Group PLC in a research report on Wednesday, March 30th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of GBX 82.08 ($1.09).

The company has a market cap of $62.83 billion and a P/E ratio of 248.33. The stock’s 50-day moving average is $3.31 and its 200 day moving average is $3.76.

A number of large investors recently modified their holdings of LYG. Wells Fargo & Company MN boosted its stake in shares of 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 in the last quarter. Thornburg Investment Management Inc. raised its position 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. PNC Financial Services Group Inc. raised its position 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, Sei Investments Co. raised its position 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.

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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