16,038 Shares in Lloyds Banking Group plc (NYSE:LYG) Purchased by Centiva Capital LP

Posted by on Feb 27th, 2023

Centiva Capital LP bought a new stake in shares of Lloyds Banking Group plc (NYSE:LYG – Get Rating) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 16,038 shares of the financial services provider’s stock, valued at approximately $29,000.

Several other large investors also recently modified their holdings of the stock. Ronald Blue Trust Inc. purchased a new stake in Lloyds Banking Group in the second quarter worth $26,000. BOK Financial Private Wealth Inc. bought a new stake in Lloyds Banking Group in the 3rd quarter valued at about $32,000. Childress Capital Advisors LLC purchased a new stake in Lloyds Banking Group during the second quarter valued at about $25,000. Greenleaf Trust bought a new position in Lloyds Banking Group during the second quarter worth about $28,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of Lloyds Banking Group by 380.7% in the third quarter. EverSource Wealth Advisors LLC now owns 14,026 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 11,108 shares during the period. Hedge funds and other institutional investors own 2.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on LYG. Berenberg Bank raised their price objective on shares of Lloyds Banking Group from GBX 55 ($0.66) to GBX 58 ($0.70) in a report on Friday. JPMorgan Chase & Co. lowered Lloyds Banking Group from an “overweight” rating to a “neutral” rating in a research note on Tuesday, December 6th. Morgan Stanley raised their target price on Lloyds Banking Group from GBX 58 ($0.70) to GBX 60 ($0.72) in a research note on Wednesday, January 11th. Royal Bank of Canada upgraded Lloyds Banking Group from an “underperform” rating to an “outperform” rating in a research report on Friday, November 25th. Finally, Barclays upgraded shares of Lloyds Banking Group from an “equal weight” rating to an “overweight” rating in a research report on Monday, February 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Lloyds Banking Group presently has a consensus rating of “Hold” and an average price target of $58.38.

Lloyds Banking Group Trading Down 2.4 %

Shares of LYG opened at $2.47 on Monday. Lloyds Banking Group plc has a 12-month low of $1.70 and a 12-month high of $2.64. The company has a market cap of $41.62 billion, a PE ratio of 6.68, a price-to-earnings-growth ratio of 3.77 and a beta of 1.29. The stock has a 50-day moving average price of $2.41 and a 200-day moving average price of $2.17.

About Lloyds Banking Group

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Lloyds Banking Group Plc is a financial services company, which engages in the provision of banking and financial services. It operates through the following segments: Retail, Commercial Banking, Insurance and Wealth, and Other. The Retail segment offers broad range of financial service products, including current accounts, savings, mortgages, motor finance and unsecured consumer lending to personal, and small business customers.

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

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