Cwm LLC Lowers Stock Holdings in Lloyds Banking Group plc (NYSE:LYG)

Cwm LLC lowered its holdings in shares of Lloyds Banking Group plc (NYSE:LYGGet Rating) by 32.9% during the third quarter, HoldingsChannel.com reports. The firm owned 16,612 shares of the financial services provider’s stock after selling 8,163 shares during the period. Cwm LLC’s holdings in Lloyds Banking Group were worth $30,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Childress Capital Advisors LLC purchased a new position in shares of Lloyds Banking Group in the second quarter valued at approximately $25,000. Straight Path Wealth Management purchased a new position in Lloyds Banking Group during the second quarter worth approximately $26,000. Ronald Blue Trust Inc. purchased a new position in Lloyds Banking Group during the second quarter worth approximately $26,000. Stratos Wealth Partners LTD. acquired a new stake in Lloyds Banking Group during the third quarter worth $26,000. Finally, Dynamic Advisor Solutions LLC acquired a new stake in Lloyds Banking Group during the second quarter worth $27,000. Hedge funds and other institutional investors own 2.15% of the company’s stock.

Lloyds Banking Group Stock Performance

Lloyds Banking Group stock opened at $2.44 on Friday. Lloyds Banking Group plc has a fifty-two week low of $1.70 and a fifty-two week high of $2.92. The company has a market capitalization of $41.03 billion, a P/E ratio of 8.41, a PEG ratio of 4.90 and a beta of 1.26. The stock has a 50-day simple moving average of $2.24 and a 200-day simple moving average of $2.10.

Lloyds Banking Group (NYSE:LYGGet Rating) last posted its earnings results on Thursday, October 27th. The financial services provider reported $0.08 earnings per share for the quarter, meeting the consensus estimate of $0.08. The business had revenue of $5.34 billion during the quarter, compared to the consensus estimate of $4.97 billion. Lloyds Banking Group had a return on equity of 8.41% and a net margin of 17.87%. As a group, analysts forecast that Lloyds Banking Group plc will post 0.35 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. StockNews.com assumed coverage on Lloyds Banking Group in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Morgan Stanley boosted their target price on Lloyds Banking Group from GBX 58 ($0.71) to GBX 60 ($0.73) in a research note on Wednesday, January 11th. Keefe, Bruyette & Woods cut Lloyds Banking Group from an “outperform” rating to an “underperform” rating in a research note on Wednesday, October 19th. JPMorgan Chase & Co. cut Lloyds Banking Group from an “overweight” rating to a “neutral” rating in a research note on Tuesday, December 6th. Finally, Royal Bank of Canada raised Lloyds Banking Group from an “underperform” rating to an “outperform” rating in a report on Friday, November 25th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $58.00.

About Lloyds Banking Group

(Get Rating)

Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial services in the United Kingdom. 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, mortgages, motor finance, unsecured 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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