Quantbot Technologies LP Boosts Stake in Lloyds Banking Group plc (NYSE:LYG)

Quantbot Technologies LP lifted its position in Lloyds Banking Group plc (NYSE:LYGFree Report) by 110.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 287,358 shares of the financial services provider’s stock after acquiring an additional 150,630 shares during the period. Quantbot Technologies LP’s holdings in Lloyds Banking Group were worth $612,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in LYG. Raymond James & Associates grew its stake in shares of Lloyds Banking Group by 115.3% in the 2nd quarter. Raymond James & Associates now owns 1,959,262 shares of the financial services provider’s stock worth $4,310,000 after buying an additional 1,049,282 shares during the last quarter. Fortune Financial Advisors LLC purchased a new stake in Lloyds Banking Group during the 2nd quarter valued at $27,000. Timber Creek Capital Management LLC boosted its stake in Lloyds Banking Group by 26.1% during the 3rd quarter. Timber Creek Capital Management LLC now owns 1,320,588 shares of the financial services provider’s stock valued at $2,813,000 after purchasing an additional 273,526 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in Lloyds Banking Group by 23.4% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 707,999 shares of the financial services provider’s stock valued at $1,508,000 after purchasing an additional 134,075 shares during the last quarter. Finally, Mondrian Investment Partners LTD boosted its stake in Lloyds Banking Group by 8.7% during the 3rd quarter. Mondrian Investment Partners LTD now owns 29,131,456 shares of the financial services provider’s stock valued at $62,050,000 after purchasing an additional 2,336,000 shares during the last quarter. Institutional investors own 2.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Bank of America downgraded Lloyds Banking Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 16th. Morgan Stanley upgraded Lloyds Banking Group from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, November 28th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $63.29.

Check Out Our Latest Stock Report on Lloyds Banking Group

Lloyds Banking Group Stock Performance

Shares of Lloyds Banking Group stock opened at $2.08 on Wednesday. Lloyds Banking Group plc has a one year low of $1.88 and a one year high of $2.63. The stock’s fifty day moving average is $2.27 and its 200 day moving average is $2.16. The stock has a market cap of $32.98 billion, a P/E ratio of 5.32, a P/E/G ratio of 0.78 and a beta of 1.30.

Lloyds Banking Group Company Profile

(Free Report)

Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial services in the United Kingdom. It operates through 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 and small business customers.

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Institutional Ownership by Quarter for Lloyds Banking Group (NYSE:LYG)

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