450,191 Shares in Lloyds Banking Group plc (NYSE:LYG) Acquired by Maverick Capital Ltd.

Maverick Capital Ltd. bought a new stake in Lloyds Banking Group plc (NYSE:LYG) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 450,191 shares of the financial services provider’s stock, valued at approximately $1,405,000.

Several other large investors have also modified their holdings of the business. Transcend Capital Advisors LLC acquired a new position in Lloyds Banking Group in the second quarter valued at about $28,000. Interchange Capital Partners LLC acquired a new position in shares of Lloyds Banking Group in the 2nd quarter worth approximately $28,000. Intergy Private Wealth LLC purchased a new position in shares of Lloyds Banking Group during the 2nd quarter worth approximately $29,000. Tcwp LLC acquired a new stake in Lloyds Banking Group in the 2nd quarter valued at approximately $32,000. Finally, Aletheian Wealth Advisors LLC purchased a new stake in Lloyds Banking Group in the third quarter valued at approximately $34,000. Institutional investors and hedge funds own 2.15% of the company’s stock.

Lloyds Banking Group Stock Performance

NYSE:LYG opened at $2.70 on Friday. The firm has a market capitalization of $41.29 billion, a PE ratio of 6.92 and a beta of 1.35. 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 business’s fifty day moving average price is $2.94 and its 200 day moving average price is $2.92. Lloyds Banking Group plc has a 12 month low of $2.00 and a 12 month high of $3.24.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on LYG shares. Citigroup cut Lloyds Banking Group from a “buy” rating to a “neutral” rating in a research note on Monday, August 5th. The Goldman Sachs Group initiated coverage on Lloyds Banking Group in a research report on Friday, October 4th. They issued a “neutral” rating for the company. Morgan Stanley cut 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 started coverage on shares of Lloyds Banking Group in a report on Thursday, September 5th. They issued a “hold” rating for the company. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Lloyds Banking Group has a consensus rating of “Hold” and an average target price of $2.75.

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.