Sequoia Financial Advisors LLC lessened its holdings in Lloyds Banking Group plc (NYSE:LYG – Free Report) by 18.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,259 shares of the financial services provider’s stock after selling 13,556 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Lloyds Banking Group were worth $126,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the company. Raymond James & Associates grew its position in Lloyds Banking Group by 56.7% in the 1st quarter. Raymond James & Associates now owns 1,373,751 shares of the financial services provider’s stock valued at $3,311,000 after purchasing an additional 497,197 shares during the period. Raymond James Financial Services Advisors Inc. grew its holdings in Lloyds Banking Group by 11.5% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 437,570 shares of the financial services provider’s stock valued at $1,055,000 after buying an additional 44,960 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Lloyds Banking Group by 16.1% during the 1st quarter. Bank of New York Mellon Corp now owns 317,152 shares of the financial services provider’s stock valued at $764,000 after buying an additional 43,970 shares in the last quarter. US Bancorp DE grew its holdings in Lloyds Banking Group by 5.0% during the 1st quarter. US Bancorp DE now owns 323,199 shares of the financial services provider’s stock valued at $778,000 after buying an additional 15,481 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its holdings in shares of Lloyds Banking Group by 38.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 73,541 shares of the financial services provider’s stock worth $177,000 after purchasing an additional 20,390 shares in the last quarter. Institutional investors own 2.15% of the company’s stock.
Analysts Set New Price Targets
Several research analysts have recently commented on LYG shares. Bank of America lowered Lloyds Banking Group from a “buy” rating to a “neutral” rating in a report on Tuesday, January 16th. Morgan Stanley upgraded Lloyds Banking Group from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, November 28th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Lloyds Banking Group currently has a consensus rating of “Hold” and a consensus target price of $63.29.
Lloyds Banking Group Stock Up 0.5 %
Shares of Lloyds Banking Group stock opened at $2.06 on Monday. The company has a market cap of $32.74 billion, a PE ratio of 5.28, a P/E/G ratio of 0.77 and a beta of 1.30. The business has a 50 day moving average of $2.26 and a 200 day moving average of $2.15. Lloyds Banking Group plc has a 52 week low of $1.88 and a 52 week high of $2.62.
Lloyds Banking Group Company Profile
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, 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 and small business customers.
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