Townsquare Capital LLC Purchases 402,998 Shares of Lloyds Banking Group plc (NYSE:LYG)

Townsquare Capital LLC grew its holdings in Lloyds Banking Group plc (NYSE:LYG) by 36.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,518,111 shares of the financial services provider’s stock after buying an additional 402,998 shares during the period. Townsquare Capital LLC’s holdings in Lloyds Banking Group were worth $4,737,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in LYG. Transcend Capital Advisors LLC bought a new position in shares of Lloyds Banking Group in the second quarter valued at about $28,000. Interchange Capital Partners LLC acquired a new stake in Lloyds Banking Group during the second quarter worth approximately $28,000. Intergy Private Wealth LLC bought a new stake in shares of Lloyds Banking Group during the second quarter worth approximately $29,000. Tcwp LLC acquired a new position in shares of Lloyds Banking Group in the second quarter valued at approximately $32,000. Finally, Aletheian Wealth Advisors LLC bought a new position in shares of Lloyds Banking Group during the third quarter worth approximately $34,000. Institutional investors own 2.15% of the company’s stock.

Lloyds Banking Group Stock Performance

NYSE LYG opened at $2.68 on Friday. The firm’s 50 day simple moving average is $2.95 and its 200 day simple moving average is $2.92. The firm has a market capitalization of $40.99 billion, a price-to-earnings ratio of 6.87 and a beta of 1.35. The company has a current ratio of 1.45, a quick ratio of 1.48 and a debt-to-equity ratio of 1.76. Lloyds Banking Group plc has a 1 year low of $2.00 and a 1 year high of $3.24.

Analysts Set New Price Targets

A number of research analysts have commented on LYG shares. Kepler Capital Markets assumed coverage on Lloyds Banking Group in a report on Thursday, September 5th. They issued a “hold” rating on the stock. Morgan Stanley cut shares of Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, October 30th. Citigroup lowered shares of Lloyds Banking Group from a “buy” rating to a “neutral” rating in a research report on Monday, August 5th. Finally, The Goldman Sachs Group started coverage on Lloyds Banking Group in a research note on Friday, October 4th. They issued a “neutral” rating for the company. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Lloyds Banking Group presently has a consensus rating of “Hold” and a consensus price target 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.