Macquarie cut shares of Lloyds Banking Group (NYSE:LYG) from a neutral rating to an underperform rating in a research report released on Wednesday.

Other research analysts have also issued research reports about the stock. UBS reissued a buy rating on shares of Lloyds Banking Group in a research note on Wednesday. Zacks Investment Research raised shares of Lloyds Banking Group from a hold rating to a buy rating and set a $4.00 price objective on the stock in a research note on Tuesday, September 26th. Credit Suisse Group raised shares of Lloyds Banking Group from a neutral rating to an outperform rating in a research note on Tuesday, October 10th. Goldman Sachs Group reissued a sell rating on shares of Lloyds Banking Group in a research note on Wednesday, September 6th. Finally, BidaskClub lowered shares of Lloyds Banking Group from a sell rating to a strong sell rating in a research note on Wednesday, August 2nd. Seven research analysts have rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the stock. The company has an average rating of Hold and an average target price of $4.00.

Lloyds Banking Group (LYG) traded up $0.10 during trading on Wednesday, reaching $3.62. 7,600,300 shares of the company traded hands, compared to its average volume of 5,659,078. Lloyds Banking Group has a twelve month low of $2.87 and a twelve month high of $3.87. The company has a market cap of $63,326.33, a price-to-earnings ratio of 6.52 and a beta of 0.75. The company has a quick ratio of 1.39, a current ratio of 1.38 and a debt-to-equity ratio of 1.79.

Institutional investors and hedge funds have recently made changes to their positions in the business. Mondrian Investment Partners LTD lifted its stake in Lloyds Banking Group by 6.4% in the third quarter. Mondrian Investment Partners LTD now owns 14,836,206 shares of the financial services provider’s stock valued at $54,301,000 after buying an additional 890,000 shares in the last quarter. Parametric Portfolio Associates LLC lifted its stake in Lloyds Banking Group by 16.7% in the second quarter. Parametric Portfolio Associates LLC now owns 9,156,686 shares of the financial services provider’s stock valued at $32,323,000 after buying an additional 1,313,408 shares in the last quarter. Cetera Investment Advisers bought a new position in Lloyds Banking Group in the second quarter valued at approximately $1,829,000. Cambridge Investment Research Advisors Inc. bought a new position in Lloyds Banking Group in the second quarter valued at approximately $323,000. Finally, Cambiar Investors LLC bought a new position in Lloyds Banking Group in the third quarter valued at approximately $11,152,000. 2.12% of the stock is currently owned by hedge funds and other institutional investors.

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Lloyds Banking Group Company Profile

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.

Analyst Recommendations for Lloyds Banking Group (NYSE:LYG)

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