Marks Group Wealth Management Inc Has $572,000 Stock Position in Lloyds Banking Group plc (NYSE:LYG)

Marks Group Wealth Management Inc lifted its position in shares of Lloyds Banking Group plc (NYSE:LYG) by 18.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 210,113 shares of the financial services provider’s stock after purchasing an additional 33,205 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Lloyds Banking Group were worth $572,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Apollon Wealth Management LLC boosted its stake in Lloyds Banking Group by 2.8% during the fourth quarter. Apollon Wealth Management LLC now owns 122,641 shares of the financial services provider’s stock worth $334,000 after buying an additional 3,346 shares in the last quarter. Lazari Capital Management Inc. lifted its holdings in shares of Lloyds Banking Group by 19.8% during the 3rd quarter. Lazari Capital Management Inc. now owns 20,391 shares of the financial services provider’s stock worth $64,000 after acquiring an additional 3,371 shares during the period. Sequoia Financial Advisors LLC boosted its position 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 valued at $204,000 after acquiring an additional 3,734 shares in the last quarter. Brio Consultants LLC increased its stake in Lloyds Banking Group by 30.2% in the fourth quarter. Brio Consultants LLC now owns 16,735 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 3,880 shares during the period. Finally, Baron Wealth Management LLC raised its position in Lloyds Banking Group by 30.8% in the third quarter. Baron Wealth Management LLC now owns 16,851 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 3,969 shares in the last quarter. 2.15% of the stock is currently owned by institutional investors.

Lloyds Banking Group Stock Up 1.6 %

Shares of Lloyds Banking Group stock opened at $3.18 on Thursday. Lloyds Banking Group plc has a 12-month low of $2.00 and a 12-month high of $3.24. The stock has a market capitalization of $48.18 billion, a P/E ratio of 8.15 and a beta of 1.31. The company has a 50-day simple moving average of $2.83 and a 200 day simple moving average of $2.91.

Wall Street Analyst Weigh In

Separately, Morgan Stanley downgraded Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a report on Wednesday, October 30th. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Lloyds Banking Group currently has an average rating of “Hold” and an average price target of $2.75.

Lloyds Banking Group Company 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.