19,883 Shares in Lloyds Banking Group plc (NYSE:LYG) Acquired by New Republic Capital LLC

New Republic Capital LLC acquired a new stake in Lloyds Banking Group plc (NYSE:LYG) during the 4th quarter, Holdings Channel reports. The fund acquired 19,883 shares of the financial services provider’s stock, valued at approximately $54,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. JPMorgan Chase & Co. grew its position in Lloyds Banking Group by 58.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,659,629 shares of the financial services provider’s stock worth $20,778,000 after acquiring an additional 2,456,914 shares during the last quarter. BNP Paribas Financial Markets acquired a new stake in Lloyds Banking Group during the 3rd quarter valued at approximately $1,035,000. US Bancorp DE increased its position in shares of Lloyds Banking Group by 36.6% during the third quarter. US Bancorp DE now owns 757,336 shares of the financial services provider’s stock worth $2,363,000 after buying an additional 202,862 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Lloyds Banking Group by 20.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,055,584 shares of the financial services provider’s stock worth $3,293,000 after acquiring an additional 180,178 shares in the last quarter. Finally, Raymond James & Associates increased its holdings in Lloyds Banking Group by 37.4% in the third quarter. Raymond James & Associates now owns 3,416,484 shares of the financial services provider’s stock worth $10,659,000 after purchasing an additional 929,478 shares in the last quarter. 2.15% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Lloyds Banking Group Stock Performance

Shares of LYG opened at $3.13 on Wednesday. Lloyds Banking Group plc has a 52 week low of $2.00 and a 52 week high of $3.24. The stock has a 50 day moving average price of $2.82 and a two-hundred day moving average price of $2.91. The firm has a market capitalization of $47.35 billion, a P/E ratio of 8.01 and a beta of 1.31.

About Lloyds Banking Group

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.