Lloyds Banking Group plc (NYSE:LYG) Shares Sold by Raymond James & Associates

Raymond James & Associates trimmed its stake in shares of Lloyds Banking Group plc (NYSE:LYGGet Rating) by 15.5% during the third quarter, Holdings Channel reports. The institutional investor owned 1,175,533 shares of the financial services provider’s stock after selling 216,440 shares during the period. Raymond James & Associates’ holdings in Lloyds Banking Group were worth $2,104,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Raymond James Financial Services Advisors Inc. raised its position in shares of Lloyds Banking Group by 2.4% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 445,198 shares of the financial services provider’s stock worth $797,000 after buying an additional 10,320 shares in the last quarter. Foster Victor Wealth Advisors LLC raised its position in shares of Lloyds Banking Group by 23.9% during the 3rd quarter. Foster Victor Wealth Advisors LLC now owns 97,785 shares of the financial services provider’s stock worth $186,000 after buying an additional 18,840 shares in the last quarter. Platform Technology Partners raised its position in shares of Lloyds Banking Group by 39.7% during the 3rd quarter. Platform Technology Partners now owns 49,466 shares of the financial services provider’s stock worth $89,000 after buying an additional 14,053 shares in the last quarter. Stratos Wealth Partners LTD. bought a new stake in shares of Lloyds Banking Group during the 3rd quarter worth about $26,000. Finally, Aaron Wealth Advisors LLC raised its position in shares of Lloyds Banking Group by 124.3% during the 3rd quarter. Aaron Wealth Advisors LLC now owns 53,572 shares of the financial services provider’s stock worth $96,000 after buying an additional 29,684 shares in the last quarter. 2.15% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Keefe, Bruyette & Woods downgraded shares of Lloyds Banking Group from an “outperform” rating to an “underperform” rating in a report on Wednesday, October 19th. JPMorgan Chase & Co. downgraded shares of Lloyds Banking Group from an “overweight” rating to a “neutral” rating in a report on Tuesday, December 6th. Royal Bank of Canada upgraded shares of Lloyds Banking Group from an “underperform” rating to an “outperform” rating in a report on Friday, November 25th. Barclays dropped their target price on shares of Lloyds Banking Group from GBX 55 ($0.67) to GBX 50 ($0.61) in a report on Thursday, October 20th. Finally, Morgan Stanley boosted their target price on shares of Lloyds Banking Group from GBX 58 ($0.71) to GBX 60 ($0.73) in a report on Wednesday, January 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $58.00.

Lloyds Banking Group Price Performance

LYG stock opened at $2.44 on Monday. Lloyds Banking Group plc has a 52-week low of $1.70 and a 52-week high of $2.92. The company’s 50 day simple moving average is $2.24 and its 200-day simple moving average is $2.10. The firm has a market capitalization of $41.05 billion, a P/E ratio of 8.41, a P/E/G ratio of 4.97 and a beta of 1.26.

Lloyds Banking Group (NYSE:LYGGet Rating) last announced its quarterly earnings data on Thursday, October 27th. The financial services provider reported $0.08 EPS for the quarter, meeting analysts’ consensus estimates of $0.08. Lloyds Banking Group had a net margin of 17.87% and a return on equity of 8.41%. The firm had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $4.97 billion. Sell-side analysts predict that Lloyds Banking Group plc will post 0.35 EPS for the current fiscal year.

Lloyds Banking Group Company Profile

(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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