Savant Capital LLC Lowers Stake in Lloyds Banking Group plc (NYSE:LYG)

Savant Capital LLC reduced its stake in shares of Lloyds Banking Group plc (NYSE:LYG) by 20.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,987 shares of the financial services provider’s stock after selling 8,532 shares during the quarter. Savant Capital LLC’s holdings in Lloyds Banking Group were worth $90,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Stephens Inc. AR boosted its stake in shares of Lloyds Banking Group by 3.0% during the fourth quarter. Stephens Inc. AR now owns 157,627 shares of the financial services provider’s stock valued at $429,000 after purchasing an additional 4,553 shares during the period. Apollon Wealth Management LLC raised its holdings in shares of Lloyds Banking Group by 2.8% in the fourth quarter. Apollon Wealth Management LLC now owns 122,641 shares of the financial services provider’s stock valued at $334,000 after acquiring an additional 3,346 shares in the last quarter. Financial Advocates Investment Management raised its holdings in shares of Lloyds Banking Group by 18.3% in the fourth quarter. Financial Advocates Investment Management now owns 69,271 shares of the financial services provider’s stock valued at $188,000 after acquiring an additional 10,723 shares in the last quarter. Adero Partners LLC bought a new stake in shares of Lloyds Banking Group in the fourth quarter valued at about $39,000. Finally, Lazari Capital Management Inc. raised its holdings in shares of Lloyds Banking Group by 32.0% in the fourth quarter. Lazari Capital Management Inc. now owns 26,908 shares of the financial services provider’s stock valued at $73,000 after acquiring an additional 6,517 shares in the last quarter. 2.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Morgan Stanley downgraded 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, Lloyds Banking Group currently has a consensus rating of “Hold” and an average price target of $2.75.

Lloyds Banking Group Stock Performance

Shares of Lloyds Banking Group stock opened at $3.15 on Thursday. The company has a market capitalization of $47.77 billion, a PE ratio of 8.06 and a beta of 1.31. The company has a 50-day simple moving average of $2.89 and a two-hundred day simple moving average of $2.92. Lloyds Banking Group plc has a one year low of $2.13 and a one year high of $3.24.

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.