Lloyds Banking Group plc (NYSE:LYG) Shares Purchased by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC grew its stake in shares of Lloyds Banking Group plc (NYSE:LYG) by 72.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 945,580 shares of the financial services provider’s stock after purchasing an additional 397,454 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Lloyds Banking Group were worth $2,950,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Interchange Capital Partners LLC acquired a new position in shares of Lloyds Banking Group in the 2nd quarter valued at $28,000. Aletheian Wealth Advisors LLC purchased a new position in Lloyds Banking Group in the 3rd quarter valued at $34,000. Tcwp LLC purchased a new position in Lloyds Banking Group in the 2nd quarter valued at $32,000. Rothschild Investment LLC purchased a new position in Lloyds Banking Group in the 2nd quarter valued at $35,000. Finally, Fiduciary Financial Group LLC purchased a new position in Lloyds Banking Group in the 2nd quarter valued at $35,000. Institutional investors and hedge funds own 2.15% of the company’s stock.

Lloyds Banking Group Price Performance

Lloyds Banking Group stock opened at $2.69 on Wednesday. Lloyds Banking Group plc has a 52 week low of $2.00 and a 52 week high of $3.24. 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’s 50-day simple moving average is $2.89 and its 200 day simple moving average is $2.92. The firm has a market capitalization of $41.06 billion, a PE ratio of 6.88 and a beta of 1.33.

Analysts Set New Price Targets

A number of research firms recently weighed in on LYG. The Goldman Sachs Group began coverage on shares of Lloyds Banking Group in a research report on Friday, October 4th. They issued a “neutral” rating on the stock. Morgan Stanley lowered shares of Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, October 30th. Finally, Kepler Capital Markets began coverage on shares of Lloyds Banking Group in a research report on Thursday, September 5th. They set a “hold” rating on the stock. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Lloyds Banking Group 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.