Diversify Wealth Management LLC Has $129,000 Position in Lloyds Banking Group plc (NYSE:LYG)

Diversify Wealth Management LLC grew its position in Lloyds Banking Group plc (NYSE:LYG) by 49.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 40,949 shares of the financial services provider’s stock after purchasing an additional 13,524 shares during the period. Diversify Wealth Management LLC’s holdings in Lloyds Banking Group were worth $129,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Transcend Capital Advisors LLC acquired a new stake in shares of Lloyds Banking Group during the second quarter worth approximately $28,000. Interchange Capital Partners LLC bought a new stake in Lloyds Banking Group during the 2nd quarter worth approximately $28,000. Intergy Private Wealth LLC acquired a new stake in Lloyds Banking Group during the 2nd quarter valued at $29,000. Susquehanna International Securities Ltd. bought a new position in Lloyds Banking Group in the 1st quarter valued at $30,000. Finally, Tcwp LLC acquired a new position in Lloyds Banking Group in the second quarter worth $32,000. Institutional investors and hedge funds own 2.15% of the company’s stock.

Lloyds Banking Group Stock Performance

Shares of Lloyds Banking Group stock opened at $2.79 on Friday. Lloyds Banking Group plc has a 52 week low of $1.98 and a 52 week high of $3.24. 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 market capitalization of $42.88 billion, a price-to-earnings ratio of 7.15 and a beta of 1.34. The firm has a fifty day moving average of $3.05 and a two-hundred day moving average of $2.90.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Kepler Capital Markets started coverage on shares of Lloyds Banking Group in a research report on Thursday, September 5th. They issued a “hold” rating for the company. UBS Group restated a “neutral” rating on shares of Lloyds Banking Group in a research report on Tuesday, July 30th. The Goldman Sachs Group assumed coverage on Lloyds Banking Group in a research report on Friday, October 4th. They issued a “neutral” rating on the stock. Citigroup downgraded Lloyds Banking Group from a “buy” rating to a “neutral” rating in a research report on Monday, August 5th. Finally, Royal Bank of Canada cut Lloyds Banking Group from an “outperform” rating to a “sector perform” rating in a report on Friday, July 26th. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock 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.