Ferguson Wellman Capital Management Inc. Makes New $7.89 Million Investment in Lloyds Banking Group PLC (NYSE:LYG)

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Ferguson Wellman Capital Management Inc. acquired a new position in Lloyds Banking Group PLC (NYSE:LYG) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,383,373 shares of the financial services provider’s stock, valued at approximately $7,889,000.

Several other institutional investors also recently bought and sold shares of LYG. Cowen Investment Management LLC bought a new stake in shares of Lloyds Banking Group during the third quarter valued at approximately $20,911,000. Mondrian Investment Partners LTD raised its stake in shares of Lloyds Banking Group by 10.9% during the third quarter. Mondrian Investment Partners LTD now owns 20,272,206 shares of the financial services provider’s stock valued at $53,519,000 after acquiring an additional 2,000,000 shares in the last quarter. Nuveen Asset Management LLC bought a new stake in shares of Lloyds Banking Group during the second quarter valued at approximately $3,610,000. Crossmark Global Holdings Inc. raised its stake in shares of Lloyds Banking Group by 39.5% during the third quarter. Crossmark Global Holdings Inc. now owns 4,002,045 shares of the financial services provider’s stock valued at $10,565,000 after acquiring an additional 1,133,066 shares in the last quarter. Finally, BBVA USA Bancshares Inc. raised its stake in shares of Lloyds Banking Group by 72.3% during the third quarter. BBVA USA Bancshares Inc. now owns 926,669 shares of the financial services provider’s stock valued at $2,446,000 after acquiring an additional 388,976 shares in the last quarter. 1.90% of the stock is owned by hedge funds and other institutional investors.

Several research firms have recently weighed in on LYG. ValuEngine raised shares of Lloyds Banking Group from a “strong sell” rating to a “sell” rating in a research note on Friday, January 10th. Citigroup downgraded shares of Lloyds Banking Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 22nd. Redburn Partners downgraded shares of Lloyds Banking Group to a “hold” rating in a research note on Friday, January 10th. UBS Group reaffirmed a “buy” rating on shares of Lloyds Banking Group in a research note on Tuesday, October 15th. Finally, Zacks Investment Research downgraded shares of Lloyds Banking Group from a “hold” rating to a “sell” rating in a research note on Thursday. Five analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. Lloyds Banking Group presently has a consensus rating of “Hold” and an average target price of $3.50.

Shares of LYG stock opened at $3.03 on Friday. The firm has a market cap of $53.38 billion, a price-to-earnings ratio of 6.18 and a beta of 1.10. The company’s 50 day moving average is $3.21 and its 200 day moving average is $2.85. Lloyds Banking Group PLC has a 52-week low of $2.30 and a 52-week high of $3.58.

Lloyds Banking Group Company Profile

Lloyds Banking Group plc provides banking and financial services under the Lloyds Bank, Halifax, Bank of Scotland, and Scottish Widows brands in the United Kingdom and internationally. It operates through three segments: Retail, Commercial Banking, and Insurance and Wealth. The Retail segment offers a range of financial service products, including current accounts, savings accounts, mortgages, motor finance, unsecured consumer loans, leasing solutions, and credit cards to personal and small business customers.

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Institutional Ownership by Quarter for Lloyds Banking Group (NYSE:LYG)

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