Lloyds Banking Group plc (NYSE:LYG) Shares Sold by Blue Trust Inc.

Blue Trust Inc. lowered its holdings in shares of Lloyds Banking Group plc (NYSE:LYG) by 37.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 131,362 shares of the financial services provider’s stock after selling 80,063 shares during the quarter. Blue Trust Inc.’s holdings in Lloyds Banking Group were worth $357,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of LYG. Brentview Investment Management LLC purchased a new stake in Lloyds Banking Group during the 4th quarter worth about $31,000. Aletheian Wealth Advisors LLC acquired a new position in shares of Lloyds Banking Group in the third quarter valued at approximately $34,000. Simon Quick Advisors LLC acquired a new position in shares of Lloyds Banking Group in the fourth quarter valued at approximately $35,000. Cerro Pacific Wealth Advisors LLC acquired a new stake in Lloyds Banking Group during the fourth quarter worth approximately $37,000. Finally, Adero Partners LLC purchased a new stake in Lloyds Banking Group in the 4th quarter worth approximately $39,000. Hedge funds and other institutional investors own 2.15% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley cut Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a 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 company has a consensus rating of “Hold” and a consensus target price of $2.75.

Lloyds Banking Group Stock Down 1.1 %

LYG stock opened at $3.19 on Wednesday. Lloyds Banking Group plc has a 52 week low of $2.13 and a 52 week high of $3.24. The company has a market cap of $48.26 billion, a price-to-earnings ratio of 8.17 and a beta of 1.31. The business has a fifty day simple moving average of $2.87 and a 200-day simple moving average of $2.92.

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 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.