Oppenheimer Asset Management Inc. Grows Position in Lloyds Banking Group plc (NYSE:LYG)

Oppenheimer Asset Management Inc. lifted its position in shares of Lloyds Banking Group plc (NYSE:LYG) by 22.3% during the third quarter, Holdings Channel.com reports. The firm owned 1,022,677 shares of the financial services provider’s stock after acquiring an additional 186,443 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Lloyds Banking Group were worth $3,191,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in LYG. Aptus Capital Advisors LLC grew its position in Lloyds Banking Group by 38.7% during the third quarter. Aptus Capital Advisors LLC now owns 18,984 shares of the financial services provider’s stock valued at $59,000 after buying an additional 5,294 shares during the period. Crossmark Global Holdings Inc. boosted its stake in shares of Lloyds Banking Group by 0.4% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 4,894,063 shares of the financial services provider’s stock worth $15,269,000 after acquiring an additional 18,494 shares in the last quarter. Axxcess Wealth Management LLC grew its position in shares of Lloyds Banking Group by 56.6% during the 3rd quarter. Axxcess Wealth Management LLC now owns 61,460 shares of the financial services provider’s stock valued at $192,000 after acquiring an additional 22,209 shares during the period. Legacy Capital Wealth Partners LLC acquired a new position in Lloyds Banking Group in the 3rd quarter worth about $69,000. Finally, Atria Investments Inc boosted its position in Lloyds Banking Group by 19.1% during the third quarter. Atria Investments Inc now owns 306,886 shares of the financial services provider’s stock worth $957,000 after purchasing an additional 49,237 shares in the last quarter. 2.15% of the stock is currently owned by institutional investors and hedge funds.

Lloyds Banking Group Trading Up 2.7 %

Shares of Lloyds Banking Group stock opened at $2.84 on Friday. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.45 and a quick ratio of 1.48. The stock’s 50 day simple moving average is $3.01 and its 200-day simple moving average is $2.91. The stock has a market cap of $43.58 billion, a P/E ratio of 7.27 and a beta of 1.35. Lloyds Banking Group plc has a 1-year low of $2.00 and a 1-year high of $3.24.

Analyst Upgrades and Downgrades

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