World Equity Group Inc. Takes Position in Lloyds Banking Group plc (NYSE:LYG)

World Equity Group Inc. purchased a new position in Lloyds Banking Group plc (NYSE:LYG) in the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 37,126 shares of the financial services provider’s stock, valued at approximately $116,000.

Several other large investors have also recently made changes to their positions in LYG. Transcend Capital Advisors LLC acquired a new stake in shares of Lloyds Banking Group during the second quarter worth about $28,000. Interchange Capital Partners LLC acquired a new position in shares of Lloyds Banking Group in the 2nd quarter valued at $28,000. Intergy Private Wealth LLC purchased a new stake in Lloyds Banking Group during the second quarter worth about $29,000. Aletheian Wealth Advisors LLC acquired a new stake in Lloyds Banking Group in the third quarter valued at approximately $34,000. Finally, Susquehanna International Securities Ltd. purchased a new stake in Lloyds Banking Group during the first quarter worth approximately $30,000. 2.15% of the stock is owned by institutional investors.

Lloyds Banking Group Price Performance

NYSE:LYG opened at $2.83 on Tuesday. The company has a quick ratio of 1.48, a current ratio of 1.45 and a debt-to-equity ratio of 1.76. The firm has a market cap of $43.50 billion, a PE ratio of 7.26 and a beta of 1.35. Lloyds Banking Group plc has a 12 month low of $1.99 and a 12 month high of $3.24. The company’s 50-day moving average price is $3.05 and its two-hundred day moving average price is $2.90.

Analysts Set New Price Targets

Several equities analysts recently issued reports on LYG shares. Citigroup cut Lloyds Banking Group from a “buy” rating to a “neutral” rating in a research report on Monday, August 5th. Royal Bank of Canada downgraded Lloyds Banking Group from an “outperform” rating to a “sector perform” rating in a report on Friday, July 26th. The Goldman Sachs Group began coverage on Lloyds Banking Group in a research note on Friday, October 4th. They set a “neutral” rating for the company. Morgan Stanley downgraded shares of Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a report on Wednesday, October 30th. Finally, Kepler Capital Markets assumed coverage on Lloyds Banking Group in a research report on Thursday, September 5th. They set a “hold” rating on the stock. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $2.75.

Lloyds Banking Group Company Profile

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.