BSW Wealth Partners Grows Position in Lloyds Banking Group plc (NYSE:LYG)

BSW Wealth Partners boosted its stake in shares of Lloyds Banking Group plc (NYSE:LYG) by 13.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,939 shares of the financial services provider’s stock after purchasing an additional 4,903 shares during the period. BSW Wealth Partners’ holdings in Lloyds Banking Group were worth $114,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Sei Investments Co. boosted its holdings in Lloyds Banking Group by 26.6% in the second quarter. Sei Investments Co. now owns 840,209 shares of the financial services provider’s stock valued at $2,294,000 after acquiring an additional 176,464 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of Lloyds Banking Group by 126.6% in the 2nd quarter. Bank of Montreal Can now owns 140,574 shares of the financial services provider’s stock valued at $395,000 after purchasing an additional 78,530 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Lloyds Banking Group by 323.3% during the 2nd quarter. AQR Capital Management LLC now owns 136,599 shares of the financial services provider’s stock worth $373,000 after purchasing an additional 104,326 shares during the period. Ascent Group LLC increased its position in Lloyds Banking Group by 71.3% during the 2nd quarter. Ascent Group LLC now owns 51,912 shares of the financial services provider’s stock worth $142,000 after purchasing an additional 21,612 shares in the last quarter. Finally, Creative Planning lifted its position in Lloyds Banking Group by 24.6% during the second quarter. Creative Planning now owns 822,309 shares of the financial services provider’s stock valued at $2,245,000 after buying an additional 162,369 shares in the last quarter. 2.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on LYG. The Goldman Sachs Group initiated coverage on shares of Lloyds Banking Group in a research report on Friday, October 4th. They issued a “neutral” rating for the company. Morgan Stanley lowered Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, October 30th. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $2.75.

Lloyds Banking Group Price Performance

Shares of LYG stock opened at $3.09 on Friday. The company’s fifty day moving average price is $2.76 and its two-hundred day moving average price is $2.91. The firm has a market capitalization of $46.75 billion, a P/E ratio of 7.91 and a beta of 1.31. Lloyds Banking Group plc has a 12 month low of $2.00 and a 12 month high of $3.24.

Lloyds Banking Group 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.