Lloyds Banking Group PLC (NYSE:LYG) was the recipient of a significant growth in short interest during the month of October. As of October 13th, there was short interest totalling 12,622,147 shares, a growth of 167.1% from the September 29th total of 4,725,007 shares. Based on an average daily trading volume, of 11,967,927 shares, the days-to-cover ratio is presently 1.1 days.

LYG has been the topic of a number of research analyst reports. Zacks Investment Research lowered shares of Lloyds Banking Group PLC from a “buy” rating to a “hold” rating in a report on Saturday, September 2nd. Goldman Sachs Group, Inc. (The) reissued a “sell” rating on shares of Lloyds Banking Group PLC in a report on Wednesday, September 6th. Credit Suisse Group raised shares of Lloyds Banking Group PLC from a “neutral” rating to an “outperform” rating in a report on Tuesday, October 10th. Finally, BidaskClub lowered shares of Lloyds Banking Group PLC from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 2nd. Six analysts have rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $4.00.

Lloyds Banking Group PLC (LYG) opened at 3.69 on Wednesday. The company’s 50-day moving average is $3.60 and its 200-day moving average is $3.55. Lloyds Banking Group PLC has a 52-week low of $2.73 and a 52-week high of $3.87. The firm has a market capitalization of $58.74 billion, a P/E ratio of 32.95 and a beta of 0.71.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Fisher Asset Management LLC grew its position in shares of Lloyds Banking Group PLC by 2.3% in the 3rd quarter. Fisher Asset Management LLC now owns 119,266,160 shares of the financial services provider’s stock valued at $436,514,000 after buying an additional 2,673,114 shares during the last quarter. Mondrian Investment Partners LTD grew its position in Lloyds Banking Group PLC by 10.2% during the 2nd quarter. Mondrian Investment Partners LTD now owns 13,946,206 shares of the financial services provider’s stock worth $49,230,000 after purchasing an additional 1,291,000 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Lloyds Banking Group PLC by 18.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 10,764,956 shares of the financial services provider’s stock worth $36,601,000 after purchasing an additional 1,697,943 shares during the last quarter. Parametric Portfolio Associates LLC grew its position in Lloyds Banking Group PLC by 16.7% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 9,156,686 shares of the financial services provider’s stock worth $32,323,000 after purchasing an additional 1,313,408 shares during the last quarter. Finally, Advisors Capital Management LLC purchased a new position in Lloyds Banking Group PLC during the 2nd quarter worth $9,665,000. 2.13% of the stock is currently owned by hedge funds and other institutional investors.

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About Lloyds Banking Group PLC

Lloyds Banking Group plc is a provider of financial services to individual and business customers in the United Kingdom. The Company’s main business activities are retail and commercial banking, general insurance, and long-term savings, protection and investment. The Company’s segments are Retail, Commercial Banking, Consumer Finance, Insurance and Other.

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