Traveka Wealth LLC Takes $76,000 Position in Lloyds Banking Group plc (NYSE:LYG)

Traveka Wealth LLC purchased a new stake in Lloyds Banking Group plc (NYSE:LYG) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 27,901 shares of the financial services provider’s stock, valued at approximately $76,000.

A number of other hedge funds have also added to or reduced their stakes in LYG. FMR LLC boosted its stake in shares of Lloyds Banking Group by 14.7% during the 3rd quarter. FMR LLC now owns 19,280,034 shares of the financial services provider’s stock valued at $60,154,000 after purchasing an additional 2,472,263 shares in the last quarter. Clearbridge Investments LLC bought a new stake in shares of Lloyds Banking Group in the 2nd quarter worth approximately $36,252,000. Envestnet Asset Management Inc. boosted its holdings in Lloyds Banking Group by 49.6% in the second quarter. Envestnet Asset Management Inc. now owns 8,577,101 shares of the financial services provider’s stock worth $23,415,000 after acquiring an additional 2,841,956 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Lloyds Banking Group by 58.5% in the third quarter. JPMorgan Chase & Co. now owns 6,659,629 shares of the financial services provider’s stock worth $20,778,000 after acquiring an additional 2,456,914 shares during the last quarter. Finally, American Century Companies Inc. raised its position in shares of Lloyds Banking Group by 17.2% in the 2nd quarter. American Century Companies Inc. now owns 5,472,171 shares of the financial services provider’s stock worth $14,939,000 after purchasing an additional 804,035 shares during the last quarter. 2.15% of the stock is owned by hedge funds and other institutional investors.

Lloyds Banking Group Stock Up 1.6 %

Lloyds Banking Group stock opened at $2.62 on Tuesday. The stock has a market cap of $39.70 billion, a PE ratio of 6.72 and a beta of 1.31. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.48 and a current ratio of 1.45. The stock has a fifty day moving average of $2.73 and a 200 day moving average of $2.91. Lloyds Banking Group plc has a one year low of $2.00 and a one year high of $3.24.

Wall Street Analyst Weigh In

A number of research firms have weighed in on LYG. Morgan Stanley lowered shares of Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, October 30th. The Goldman Sachs Group started coverage on shares of Lloyds Banking Group in a research report on Friday, October 4th. They set a “neutral” rating for the company. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Lloyds Banking Group has a consensus rating of “Hold” and an average target price 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.