MML Investors Services LLC Boosts Stock Position in Lloyds Banking Group plc (NYSE:LYG)

MML Investors Services LLC increased its stake in Lloyds Banking Group plc (NYSE:LYG) by 36.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 1,482,792 shares of the financial services provider’s stock after buying an additional 394,364 shares during the quarter. MML Investors Services LLC’s holdings in Lloyds Banking Group were worth $4,626,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LYG. CWM LLC increased its position in shares of Lloyds Banking Group by 37.9% during the second quarter. CWM LLC now owns 71,039 shares of the financial services provider’s stock valued at $194,000 after buying an additional 19,525 shares during the period. Dynamic Advisor Solutions LLC increased its holdings in Lloyds Banking Group by 37.4% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 92,921 shares of the financial services provider’s stock worth $254,000 after acquiring an additional 25,280 shares during the period. Sequoia Financial Advisors LLC lifted its stake in Lloyds Banking Group by 7.3% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 61,586 shares of the financial services provider’s stock worth $168,000 after purchasing an additional 4,194 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in Lloyds Banking Group by 47.3% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 289,916 shares of the financial services provider’s stock valued at $791,000 after purchasing an additional 93,041 shares during the period. Finally, Fiduciary Financial Group LLC purchased a new position in shares of Lloyds Banking Group during the 2nd quarter valued at $35,000. 2.15% of the stock is currently owned by institutional investors.

Lloyds Banking Group Price Performance

Shares of Lloyds Banking Group stock opened at $2.79 on Friday. The firm has a market capitalization of $42.59 billion, a PE ratio of 7.14 and a beta of 1.32. The company has a current ratio of 1.45, a quick ratio of 1.48 and a debt-to-equity ratio of 1.76. Lloyds Banking Group plc has a 12 month low of $2.00 and a 12 month high of $3.24. The business’s 50-day moving average price is $2.87 and its 200-day moving average price is $2.92.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on LYG shares. Kepler Capital Markets started coverage on Lloyds Banking Group in a research note on Thursday, September 5th. They set a “hold” rating for the company. Morgan Stanley downgraded Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, October 30th. Finally, The Goldman Sachs Group initiated coverage on shares of Lloyds Banking Group in a research report on Friday, October 4th. They issued a “neutral” rating on the stock. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Lloyds Banking Group has an average rating of “Hold” and a consensus price target 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.