Aprio Wealth Management LLC trimmed its position in Lloyds Banking Group plc (NYSE:LYG – Free Report) by 5.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,027 shares of the financial services provider’s stock after selling 4,384 shares during the quarter. Aprio Wealth Management LLC’s holdings in Lloyds Banking Group were worth $199,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its position in shares of Lloyds Banking Group by 22.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 648,513 shares of the financial services provider’s stock valued at $1,770,000 after purchasing an additional 120,257 shares during the period. Commonwealth Equity Services LLC increased its stake in Lloyds Banking Group by 6.5% in the 2nd quarter. Commonwealth Equity Services LLC now owns 144,252 shares of the financial services provider’s stock worth $394,000 after buying an additional 8,758 shares in the last quarter. Private Advisor Group LLC raised its holdings in Lloyds Banking Group by 12.6% during the second quarter. Private Advisor Group LLC now owns 211,658 shares of the financial services provider’s stock valued at $578,000 after acquiring an additional 23,659 shares during the period. Choreo LLC lifted its position in shares of Lloyds Banking Group by 503.4% in the second quarter. Choreo LLC now owns 67,857 shares of the financial services provider’s stock valued at $189,000 after acquiring an additional 56,611 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of Lloyds Banking Group by 17.2% in the second quarter. American Century Companies Inc. now owns 5,472,171 shares of the financial services provider’s stock worth $14,939,000 after acquiring an additional 804,035 shares during the period. Institutional investors own 2.15% of the company’s stock.
Analysts Set New Price Targets
Several analysts recently issued reports on the company. The Goldman Sachs Group began coverage on Lloyds Banking Group in a research note on Friday, October 4th. They set a “neutral” rating on the stock. Morgan Stanley cut shares of Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, October 30th. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $2.75.
Lloyds Banking Group Price Performance
NYSE:LYG opened at $2.66 on Wednesday. The business’s 50-day moving average is $2.72 and its 200 day moving average is $2.91. Lloyds Banking Group plc has a 12 month low of $2.00 and a 12 month high of $3.24. The company has a market capitalization of $40.31 billion, a P/E ratio of 6.82 and a beta of 1.31. The company has a current ratio of 1.45, a quick ratio of 1.48 and a debt-to-equity ratio of 1.76.
Lloyds Banking Group Profile
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.
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