Lloyds Banking Group plc (LYG) may enjoy gains as insiders got busy in the recent days


Following these proceedings, Barclays upgraded its Lloyds Banking Group plc [LYG] rating to an Overweight from a an Equal weight in a research note published on Tuesday. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in early December from “an Overweight” to “a Neutral”. RBC Capital Mkts also remained covering LYG and has increased its forecast on November 25, 2022 with a “an Outperform” recommendation from previously “an Underperform” rating. Morgan Stanley revised its rating on October 17, 2022. It rated LYG as “an Equal-weight” which previously was an “an Overweight”.

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Price Performance Review of LYG

On Tuesday, Lloyds Banking Group plc [NYSE:LYG] saw its stock jump 1.61% to $2.53. On the same session, the stock had its day’s lowest price of $2.52, but rose to a high of $2.56. Over the last five days, the stock has gained 5.86%. Lloyds Banking Group plc shares have risen nearly 15.00% since the year began. Nevertheless, the stocks have fallen -3.44% over the past one year. While a 52-week high of $2.64 was reached on 02/09/23, a 52-week low of $1.70 was recorded on 01/03/23. SMA at 50 days reached $2.42, while 200 days put it at $2.16. A total of 10.36 million shares were traded, compared to the trading of 10.45 million shares in the previous session.

Levels Of Support And Resistance For LYG Stock

The 24-hour chart illustrates a support level at 2.51, which if violated will result in even more drops to 2.50. On the upside, there is a resistance level at 2.55. A further resistance level may holdings at 2.58. The Relative Strength Index (RSI) on the 14-day chart is 54.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 41.67%. Stochastics %K at 44.44% indicates the stock is a holding.

How much short interest is there in Lloyds Banking Group plc?

A steep rise in short interest was recorded in Lloyds Banking Group plc stocks on Jan 30, 2023, dropping by -1.21 million shares to a total of 7.0 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 8.21 million shares. There was a decline of -17.29%, which implies that there is a negative sentiment for the stock.

Lloyds Banking Group plc [LYG] – Who Are The Largest Shareholders?

In filings from Jane Street Capital LLC, it is revealed that the company now owns 35,079,795 shares, or roughly 0.21% of the outstanding LYG shares. In other words, the investor’s shares have risen by 3,449,866 from its previous 13-F filing of 31629929.0. Additionally, JPMorgan Chase Bank, NA increased 300,620.33% of its stake after which the total value it holdings stand at $79,607,859, while CIBC Private Wealth Advisors, Inc added 91.47% of its stake to hold $71.29 million in the firm. Over the last quarter, Mondrian Investment Partners Ltd. purchased 828,000 shares of Lloyds Banking Group plc, while Macquarie Investment Management B bought -1,356,035 shares. At present, Goldman Sachs Asset Management LP is holding 19,348,973 shares valued at $50.11 million. Arrowstreet Capital LP owned 18,630,701 shares of the company at the time of its most recent 13F filing, worth $48.25 million.


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