SG Americas Securities LLC Makes New Investment in Lloyds Banking Group plc (NYSE:LYG)

SG Americas Securities LLC acquired a new position in shares of Lloyds Banking Group plc (NYSE:LYG) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 40,553 shares of the financial services provider’s stock, valued at approximately $110,000.

Other large investors also recently made changes to their positions in the company. FMR LLC increased its holdings in shares of Lloyds Banking Group by 14.7% during the third quarter. FMR LLC now owns 19,280,034 shares of the financial services provider’s stock valued at $60,154,000 after acquiring an additional 2,472,263 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Lloyds Banking Group by 58.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,659,629 shares of the financial services provider’s stock worth $20,778,000 after purchasing an additional 2,456,914 shares in the last quarter. Crossmark Global Holdings Inc. grew its position in Lloyds Banking Group by 0.4% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 4,894,063 shares of the financial services provider’s stock valued at $15,269,000 after purchasing an additional 18,494 shares during the period. Raymond James & Associates increased its stake in Lloyds Banking Group by 37.4% during the 3rd quarter. Raymond James & Associates now owns 3,416,484 shares of the financial services provider’s stock valued at $10,659,000 after purchasing an additional 929,478 shares in the last quarter. Finally, Bard Financial Services Inc. raised its holdings in Lloyds Banking Group by 0.6% during the fourth quarter. Bard Financial Services Inc. now owns 2,426,305 shares of the financial services provider’s stock worth $6,600,000 after buying an additional 13,500 shares during the last quarter. 2.15% of the stock is currently owned by institutional investors and hedge funds.

Lloyds Banking Group Trading Up 1.6 %

Shares of Lloyds Banking Group stock opened at $3.18 on Thursday. The company has a market capitalization of $48.18 billion, a P/E ratio of 8.15 and a beta of 1.31. The stock has a fifty day simple moving average of $2.83 and a 200 day simple moving average of $2.91. Lloyds Banking Group plc has a 12-month low of $2.00 and a 12-month high of $3.24.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley downgraded shares of Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, October 30th. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $2.75.

About Lloyds Banking Group

Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial services in the United Kingdom and internationally. It operates in three segments: Retail; Commercial Banking; and Insurance, Pensions and Investments. The Retail segment offers a range of financial service products, including current accounts, savings, mortgages, motor finance, unsecured loans, leasing solutions, and credit cards to personal customers.