Other analysts have also recently issued research reports about the company. Wall Street Zen upgraded Lloyds Banking Group from a “sell” rating to a “hold” rating in a research report on Tuesday, May 13th. HSBC raised Lloyds Banking Group from a “hold” rating to a “buy” rating in a research note on Tuesday, April 1st. Finally, Hsbc Global Res raised Lloyds Banking Group to a “strong-buy” rating in a research note on Thursday, March 20th. Six equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

View Our Latest Research Report on LYG

Lloyds Banking Group stock opened at $4.17 on Thursday. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.62. The business’s fifty day simple moving average is $4.15 and its two-hundred day simple moving average is $3.68. Lloyds Banking Group has a 12 month low of $2.56 and a 12 month high of $4.30. The company has a market capitalization of $62.80 billion, a price-to-earnings ratio of 11.91, a price-to-earnings-growth ratio of 0.88 and a beta of 0.99.

Lloyds Banking Group (NYSE:LYG – Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The financial services provider reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. The company had revenue of $5.91 billion during the quarter, compared to analysts’ expectations of $4.78 billion. Lloyds Banking Group had a return on equity of 8.62% and a net margin of 14.39%. As a group, equities analysts predict that Lloyds Banking Group will post 0.27 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Crux Wealth Advisors acquired a new stake in shares of Lloyds Banking Group in the 4th quarter worth $28,000. V Square Quantitative Management LLC acquired a new stake in shares of Lloyds Banking Group in the 2nd quarter worth $29,000. Focus Partners Wealth acquired a new stake in shares of Lloyds Banking Group in the 4th quarter worth $31,000. Jackson Thornton Wealth Management LLC acquired a new stake in Lloyds Banking Group during the 4th quarter worth about $34,000. Finally, Opal Wealth Advisors LLC acquired a new stake in Lloyds Banking Group during the 2nd quarter worth about $35,000. 2.15% of the stock is currently owned by hedge funds and other institutional investors.

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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.

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