Virtu KCG Holdings LLC lessened its position in shares of Lloyds Banking Group PLC (NYSE:LYG) by 33.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 146,241 shares of the financial services provider’s stock after selling 74,989 shares during the period. Virtu KCG Holdings LLC’s holdings in Lloyds Banking Group PLC were worth $516,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Parametric Portfolio Associates LLC increased its stake in Lloyds Banking Group PLC by 16.7% in the second quarter. Parametric Portfolio Associates LLC now owns 9,156,686 shares of the financial services provider’s stock valued at $32,323,000 after purchasing an additional 1,313,408 shares in the last quarter. Advisor Group Inc. increased its stake in Lloyds Banking Group PLC by 28.9% in the second quarter. Advisor Group Inc. now owns 84,149 shares of the financial services provider’s stock valued at $296,000 after purchasing an additional 18,880 shares in the last quarter. M&T Bank Corp increased its stake in Lloyds Banking Group PLC by 27.2% in the second quarter. M&T Bank Corp now owns 90,137 shares of the financial services provider’s stock valued at $318,000 after purchasing an additional 19,252 shares in the last quarter. Strategic Global Advisors LLC increased its stake in Lloyds Banking Group PLC by 131.1% in the second quarter. Strategic Global Advisors LLC now owns 125,737 shares of the financial services provider’s stock valued at $444,000 after purchasing an additional 71,339 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in Lloyds Banking Group PLC by 5.3% in the second quarter. PNC Financial Services Group Inc. now owns 2,045,932 shares of the financial services provider’s stock valued at $7,222,000 after purchasing an additional 102,310 shares in the last quarter. 2.11% of the stock is owned by institutional investors and hedge funds.

Shares of Lloyds Banking Group PLC (LYG) opened at 3.65 on Wednesday. Lloyds Banking Group PLC has a 52-week low of $2.56 and a 52-week high of $3.87. The company has a market capitalization of $58.10 billion, a P/E ratio of 32.59 and a beta of 0.71. The stock’s 50 day moving average is $3.48 and its 200 day moving average is $3.52.

The firm also recently declared a None dividend, which was paid on Tuesday, October 10th. Investors of record on Friday, August 11th were paid a $0.052 dividend. This represents a dividend yield of 2.98%. This is a positive change from Lloyds Banking Group PLC’s previous None dividend of $0.05. The ex-dividend date of this dividend was Wednesday, August 9th. Lloyds Banking Group PLC’s dividend payout ratio (DPR) is presently 100.00%.

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Several equities research analysts have weighed in on the stock. Zacks Investment Research raised shares of Lloyds Banking Group PLC from a “hold” rating to a “buy” rating and set a $4.00 price target for the company in a research note on Tuesday, September 26th. BidaskClub downgraded shares of Lloyds Banking Group PLC from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 2nd. Credit Suisse Group raised shares of Lloyds Banking Group PLC from a “neutral” rating to an “outperform” rating in a research note on Tuesday. ValuEngine raised shares of Lloyds Banking Group PLC from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating on shares of Lloyds Banking Group PLC in a research note on Wednesday, September 6th. Six investment analysts have rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $4.00.

About Lloyds Banking Group PLC

Lloyds Banking Group plc is a provider of financial services to individual and business customers in the United Kingdom. The Company’s main business activities are retail and commercial banking, general insurance, and long-term savings, protection and investment. The Company’s segments are Retail, Commercial Banking, Consumer Finance, Insurance and Other.

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Institutional Ownership by Quarter for Lloyds Banking Group PLC (NYSE:LYG)

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