Jane Street Capital LLC recently announced the acquisition of new stake in Lloyds Banking Group plc (NYSE:LYG). The institutional investor has increased its shareholding in the Financial company by 22.64% to 31.63 million shares with purchase of 5.84 million shares. This fresh investment now brings its stake to 0.19% valued currently at $66.93 million. In addition, BMO Asset Management Corp. raised its holdings by 4.57 million to 22.15 million shares. And Goldman Sachs Asset Management LP has lifted its position by 6.75% or 1.25 million shares – to 19.7 million shares.
With over 5.79 million Lloyds Banking Group plc (LYG) shares trading Tuesday and a closing price of $2.15 on the day, the dollar volume was approximately $12.45 million. The shares have shown a negative half year performance of -3.15% and its price on 11/22/22 gained nearly 0.94%. Currently, there are 17.55B common shares owned by the public and among those 16.65B shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 21 analysts who have offered their price forecasts for LYG have a consensus price objective of $2.72. The analysts have set the share’s price value over the next 12 months at a high of $3.43 and a low of $2.04. The average price target is 25.86% above its recent price level and a downside to the estimated low will see the stock lose -5.39% over that period. But an upside of 37.32% will see the stock hit the forecast high price target while median target price for the stock is $2.65.
The top 3 mutual fund holders in Lloyds Banking Group plc are Avantis International Equity ETF, DFA International Value Series, and Dimensional International Value E. Avantis International Equity ETF owns 2.23 million shares of the company’s stock, all valued at over $4.72 million. The company bought an additional 25952.0 shares recently to bring their total holdings to about 0.01% of the shares outstanding. Dimensional International Value E bought 503.0 shares to bring its total holdings to over 1.61 million shares at a value of $3.41 million. Dimensional International Value E now owns shares totaling to 0.01% of the shares outstanding.
Shares of Lloyds Banking Group plc (NYSE: LYG) opened at $2.14, up $0.01 from a prior closing price of $2.13. However, the script later moved the day high at 2.1600, up 0.94%. The company’s stock has a 5-day price change of 4.88% and 4.88% over the past three months. LYG shares are trading -15.69% year to date (YTD), with the 12-month market performance down to -17.31% lower. It has a 12-month low price of $1.70 and touched a high of $3.00 over the same period. LYG has an average intraday trading volume of 11.08 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 8.67%, 9.86%, and -1.56% respectively.
Institutional ownership of Lloyds Banking Group plc (NYSE: LYG) shares accounts for 2.20% of the company’s 17.55B shares outstanding. Mutual fund holders own 0.10%, while other institutional holders and individual stakeholders account for 2.02% and — respectively.
It has a market capitalization of $35.75B and a beta (3y monthly) value of 1.27. The stock’s trailing 12-month PE ratio is 7.49, while the earnings-per-share (ttm) stands at $0.29. The company has a debt-to-equity ratio at 1.71. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.53% over the week and 2.14% over the month.
The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. EPS should shrink at an annualized rate of -10.30% over the next five years, compared to 20.80% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 21 brokerage firm advisors rate Lloyds Banking Group plc (LYG) as a “Strong Buy” at a consensus score of 1.00. Specifically, 11 Wall Street analysts polled rate the stock as a buy, while 5 of the 21 advise that investors “hold,” and 4 rated it as a “Sell.”
BofA Securities on their part issued Neutral rating on March 07, 2022.