Logan Capital Management Inc. Has $3.31 Million Stock Position in Lloyds Banking Group plc (NYSE:LYG)

Logan Capital Management Inc. grew its holdings in Lloyds Banking Group plc (NYSE:LYG) by 4.5% during the third quarter, Holdings Channel.com reports. The firm owned 1,059,457 shares of the financial services provider’s stock after acquiring an additional 45,249 shares during the quarter. Logan Capital Management Inc.’s holdings in Lloyds Banking Group were worth $3,306,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in LYG. Lazari Capital Management Inc. grew its stake in shares of Lloyds Banking Group by 19.8% in the third quarter. Lazari Capital Management Inc. now owns 20,391 shares of the financial services provider’s stock valued at $64,000 after buying an additional 3,371 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of Lloyds Banking Group by 6.1% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 65,320 shares of the financial services provider’s stock worth $204,000 after purchasing an additional 3,734 shares during the last quarter. Patriot Financial Group Insurance Agency LLC raised its holdings in shares of Lloyds Banking Group by 2.8% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 135,436 shares of the financial services provider’s stock valued at $370,000 after purchasing an additional 3,752 shares during the period. Baron Wealth Management LLC lifted its stake in Lloyds Banking Group by 30.8% in the 3rd quarter. Baron Wealth Management LLC now owns 16,851 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 3,969 shares during the last quarter. Finally, AMG National Trust Bank grew its holdings in Lloyds Banking Group by 0.4% during the second quarter. AMG National Trust Bank now owns 1,001,075 shares of the financial services provider’s stock worth $2,733,000 after purchasing an additional 3,976 shares during the period. Institutional investors and hedge funds own 2.15% of the company’s stock.

Lloyds Banking Group Price Performance

Shares of NYSE LYG opened at $2.79 on Friday. The business’s 50 day moving average is $2.87 and its 200-day moving average is $2.92. The firm has a market cap of $42.59 billion, a P/E ratio of 7.14 and a beta of 1.32. Lloyds Banking Group plc has a 1-year low of $2.00 and a 1-year high of $3.24. The company has a current ratio of 1.45, a quick ratio of 1.48 and a debt-to-equity ratio of 1.76.

Wall Street Analyst Weigh In

Several research firms have issued reports on LYG. Kepler Capital Markets initiated coverage on Lloyds Banking Group in a research note on Thursday, September 5th. They issued a “hold” rating on the stock. The Goldman Sachs Group began coverage on Lloyds Banking Group in a research note on Friday, October 4th. They issued a “neutral” rating on the stock. Finally, Morgan Stanley cut shares of Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, October 30th. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average 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.