Today, BB&T Corp Boosts Stake in Lloyds Banking Group PLC (LYG)

Today, BB&T Corp Boosts Stake in Lloyds Banking Group PLC (LYG)
BB&T Corp raised its stake in Lloyds Banking Group PLC (NYSE:LYG) by 1.9% during the third quarter, Holdings Channel reports. The institutional investor owned 227,048 shares of the financial services provider’s stock after buying an additional 4,263 shares during the period. BB&T Corp’s holdings in Lloyds Banking Group PLC were worth $651,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Assetmark Inc. raised its position in Lloyds Banking Group PLC by 0.9% in the second quarter. Assetmark Inc. now owns 35,998 shares of the financial services provider’s stock valued at $107,000 after buying an additional 336 shares during the last quarter. Frontier Investment Mgmt Co. raised its position in Lloyds Banking Group PLC by 2.0% in the second quarter. Frontier Investment Mgmt Co. now owns 83,936 shares of the financial services provider’s stock valued at $249,000 after buying an additional 1,664 shares during the last quarter. Rehmann Capital Advisory Group raised its position in Lloyds Banking Group PLC by 5.1% in the second quarter. Rehmann Capital Advisory Group now owns 35,894 shares of the financial services provider’s stock valued at $107,000 after buying an additional 1,747 shares during the last quarter. Checchi Capital Advisers LLC raised its position in Lloyds Banking Group PLC by 6.4% in the second quarter. Checchi Capital Advisers LLC now owns 70,346 shares of the financial services provider’s stock valued at $209,000 after buying an additional 4,240 shares during the last quarter. Finally, Rhumbline Advisers raised its position in Lloyds Banking Group PLC by 3.6% in the second quarter. Rhumbline Advisers now owns 164,990 shares of the financial services provider’s stock valued at $490,000 after buying an additional 5,700 shares during the last quarter. Institutional investors own 1.71% of the company’s stock.

Lloyds Banking Group PLC (NYSE:LYG) opened at 2.95 on Friday. Lloyds Banking Group PLC has a one year low of $2.47 and a one year high of $4.58. The firm has a 50-day moving average of $2.83 and a 200-day moving average of $3.18. The company has a market capitalization of $44.85 billion, a P/E ratio of 40.97 and a beta of 1.33.

Several research firms have commented on LYG. Deutsche Bank AG lowered shares of Lloyds Banking Group PLC from a “buy” rating to a “hold” rating in a research note on Monday, September 5th. Zacks Investment Research raised shares of Lloyds Banking Group PLC from a “sell” rating to a “hold” rating in a research note on Thursday, September 1st. Citigroup Inc. reissued a “sell” rating on shares of Lloyds Banking Group PLC in a research note on Wednesday, August 31st. Investec raised shares of Lloyds Banking Group PLC from a “hold” rating to a “buy” rating in a research note on Thursday, August 25th. Finally, Goldman Sachs Group Inc. reissued a “sell” rating on shares of Lloyds Banking Group PLC in a research note on Tuesday, November 15th. Five analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $3.50.

About Lloyds Banking Group PLC

LLOYDS BANKING GROUP plc provides financial services to individual and business customers in the United Kingdom but also overseas. The Company’s business activities include retail and commercial banking, long-term savings, protection and investment. It operates through its segments, including Retail, Commercial Banking, Consumer Finance and Insurance.

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