Lloyds Banking Group (LYG) Downgraded by Davy Research to “Neutral”

Davy Research downgraded shares of Lloyds Banking Group (NYSE:LYG) from an outperform rating to a neutral rating in a research note issued to investors on Wednesday morning.

Several other analysts also recently issued reports on the stock. Deutsche Bank reissued a buy rating on shares of Lloyds Banking Group in a research note on Friday, February 9th. JPMorgan Chase & Co. reissued a buy rating on shares of Lloyds Banking Group in a research note on Thursday, February 1st. BNP Paribas raised shares of Lloyds Banking Group from a neutral rating to an outperform rating in a research note on Wednesday, January 17th. Morgan Stanley downgraded shares of Lloyds Banking Group from an overweight rating to an equal rating in a research note on Wednesday, January 10th. Finally, Goldman Sachs Group reaffirmed a sell rating on shares of Lloyds Banking Group in a research note on Tuesday, January 9th. Six equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. Lloyds Banking Group currently has a consensus rating of Hold and a consensus price target of $4.00.

Shares of Lloyds Banking Group (NYSE:LYG) opened at $3.85 on Wednesday. Lloyds Banking Group has a one year low of $3.15 and a one year high of $4.21. The stock has a market cap of $68,466.70, a price-to-earnings ratio of 16.74 and a beta of 0.80.

Several hedge funds and other institutional investors have recently bought and sold shares of LYG. Stifel Financial Corp increased its stake in shares of Lloyds Banking Group by 20.3% in the second quarter. Stifel Financial Corp now owns 196,603 shares of the financial services provider’s stock worth $712,000 after acquiring an additional 33,146 shares during the last quarter. Fisher Asset Management LLC increased its stake in shares of Lloyds Banking Group by 2.3% in the third quarter. Fisher Asset Management LLC now owns 119,266,160 shares of the financial services provider’s stock worth $436,514,000 after acquiring an additional 2,673,114 shares during the last quarter. Aperio Group LLC increased its stake in shares of Lloyds Banking Group by 1.9% in the third quarter. Aperio Group LLC now owns 1,418,949 shares of the financial services provider’s stock worth $5,193,000 after acquiring an additional 26,273 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new position in shares of Lloyds Banking Group in the third quarter worth $5,898,000. Finally, Searle & CO. acquired a new position in shares of Lloyds Banking Group in the third quarter worth $220,000. 2.33% of the stock is currently owned by institutional investors and hedge funds.

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About Lloyds Banking Group

Lloyds Banking Group plc is a provider of financial services to individual and business customers in the United Kingdom. The Company’s main business activities are retail and commercial banking, general insurance, and long-term savings, protection and investment. The Company’s segments are Retail, Commercial Banking, Consumer Finance, Insurance and Other.

Analyst Recommendations for Lloyds Banking Group (NYSE:LYG)

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