OneAscent Financial Services LLC Buys Shares of 14,746 Lloyds Banking Group plc (NYSE:LYG)

OneAscent Financial Services LLC purchased a new position in Lloyds Banking Group plc (NYSE:LYG) during the third quarter, Holdings Channel reports. The institutional investor purchased 14,746 shares of the financial services provider’s stock, valued at approximately $46,000.

A number of other institutional investors also recently modified their holdings of LYG. Caprock Group LLC lifted its holdings in Lloyds Banking Group by 11.6% in the third quarter. Caprock Group LLC now owns 507,398 shares of the financial services provider’s stock valued at $1,583,000 after buying an additional 52,785 shares during the period. Pathstone Holdings LLC raised its position in shares of Lloyds Banking Group by 8.6% in the 3rd quarter. Pathstone Holdings LLC now owns 519,559 shares of the financial services provider’s stock worth $1,621,000 after acquiring an additional 41,183 shares in the last quarter. Baron Wealth Management LLC lifted its stake in shares of Lloyds Banking Group by 30.8% in the 3rd quarter. Baron Wealth Management LLC now owns 16,851 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 3,969 shares during the period. Thrivent Financial for Lutherans boosted its position in shares of Lloyds Banking Group by 339.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 58,688 shares of the financial services provider’s stock valued at $183,000 after purchasing an additional 45,341 shares in the last quarter. Finally, OneDigital Investment Advisors LLC increased its holdings in Lloyds Banking Group by 107.6% in the third quarter. OneDigital Investment Advisors LLC now owns 106,071 shares of the financial services provider’s stock worth $331,000 after purchasing an additional 54,987 shares in the last quarter. 2.15% of the stock is owned by institutional investors.

Lloyds Banking Group Trading Down 1.4 %

Shares of Lloyds Banking Group stock opened at $2.79 on Wednesday. The company has a current ratio of 1.45, a quick ratio of 1.48 and a debt-to-equity ratio of 1.76. The stock has a fifty day simple moving average of $3.00 and a 200 day simple moving average of $2.92. Lloyds Banking Group plc has a 12-month low of $2.00 and a 12-month high of $3.24. The company has a market capitalization of $42.67 billion, a P/E ratio of 7.15 and a beta of 1.35.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Kepler Capital Markets started coverage on shares of Lloyds Banking Group in a research report on Thursday, September 5th. They set a “hold” rating for the company. The Goldman Sachs Group initiated coverage on shares of Lloyds Banking Group in a research note on Friday, October 4th. They issued a “neutral” rating for the company. UBS Group reissued a “neutral” rating on shares of Lloyds Banking Group in a research report on Tuesday, July 30th. Morgan Stanley downgraded Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, October 30th. Finally, Royal Bank of Canada lowered shares of Lloyds Banking Group from an “outperform” rating to a “sector perform” rating in a research note on Friday, July 26th. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price 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.