Advisor Partners LLC lowered its holdings in shares of Lloyds Banking Group PLC (NYSE:LYG) by 3.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 123,855 shares of the financial services provider’s stock after selling 3,879 shares during the quarter. Advisor Partners LLC’s holdings in Lloyds Banking Group were worth $327,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in LYG. Pacer Advisors Inc. boosted its stake in shares of Lloyds Banking Group by 51.3% during the 3rd quarter. Pacer Advisors Inc. now owns 97,247 shares of the financial services provider’s stock worth $257,000 after acquiring an additional 32,960 shares during the period. Bogart Wealth LLC bought a new position in shares of Lloyds Banking Group during the 3rd quarter worth approximately $44,000. Crossmark Global Holdings Inc. boosted its stake in shares of Lloyds Banking Group by 39.5% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 4,002,045 shares of the financial services provider’s stock worth $10,565,000 after acquiring an additional 1,133,066 shares during the period. Park National Corp OH boosted its stake in shares of Lloyds Banking Group by 24.2% during the 3rd quarter. Park National Corp OH now owns 36,317 shares of the financial services provider’s stock worth $96,000 after acquiring an additional 7,067 shares during the period. Finally, EP Wealth Advisors LLC boosted its stake in shares of Lloyds Banking Group by 43.7% during the 2nd quarter. EP Wealth Advisors LLC now owns 21,894 shares of the financial services provider’s stock worth $62,000 after acquiring an additional 6,653 shares during the period. 2.01% of the stock is currently owned by institutional investors.

Several brokerages have recently commented on LYG. Zacks Investment Research upgraded Lloyds Banking Group from a “sell” rating to a “hold” rating in a research note on Friday. Keefe, Bruyette & Woods downgraded Lloyds Banking Group from a “market perform” rating to an “underperform” rating in a research note on Thursday, September 5th. JPMorgan Chase & Co. downgraded Lloyds Banking Group from an “overweight” rating to a “neutral” rating in a research note on Tuesday, July 16th. Goldman Sachs Group downgraded Lloyds Banking Group from a “neutral” rating to a “sell” rating in a research note on Thursday, September 12th. Finally, UBS Group reiterated a “buy” rating on shares of Lloyds Banking Group in a research note on Tuesday, October 15th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $3.75.

Shares of NYSE LYG opened at $3.08 on Monday. The stock has a 50 day moving average of $2.62 and a 200-day moving average of $2.83. The company has a market capitalization of $54.09 billion, a P/E ratio of 9.33 and a beta of 1.06. Lloyds Banking Group PLC has a 12 month low of $2.30 and a 12 month high of $3.46. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 2.36.

Lloyds Banking Group (NYSE:LYG) last released its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $0.12 earnings per share (EPS) for the quarter. The business had revenue of $5.99 billion during the quarter. Lloyds Banking Group had a return on equity of 15.86% and a net margin of 23.57%. Analysts predict that Lloyds Banking Group PLC will post 0.38 EPS for the current fiscal year.

Lloyds Banking Group Profile

Lloyds Banking Group plc provides banking and financial services under the Lloyds Bank, Halifax, Bank of Scotland, and Scottish Widows brands in the United Kingdom and internationally. It operates through three segments: Retail, Commercial Banking, and Insurance and Wealth. The Retail segment offers a range of financial service products, including current accounts, savings accounts, mortgages, motor finance, unsecured consumer loans, leasing solutions, and credit cards to personal and small business customers.

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

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