Lloyds Banking Group PLC (NYSE:LYG) Shares Sold by Parametric Portfolio Associates LLC

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Parametric Portfolio Associates LLC lowered its position in shares of Lloyds Banking Group PLC (NYSE:LYG) by 0.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 12,057,969 shares of the financial services provider’s stock after selling 98,104 shares during the period. Parametric Portfolio Associates LLC’s holdings in Lloyds Banking Group were worth $31,833,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. increased its stake in shares of Lloyds Banking Group by 6.7% during the second quarter. Envestnet Asset Management Inc. now owns 4,050,057 shares of the financial services provider’s stock valued at $11,502,000 after acquiring an additional 254,365 shares during the period. Vestmark Advisory Solutions Inc. lifted its stake in Lloyds Banking Group by 8.4% during the third quarter. Vestmark Advisory Solutions Inc. now owns 95,397 shares of the financial services provider’s stock valued at $252,000 after buying an additional 7,360 shares in the last quarter. American Trust Investment Advisors LLC lifted its stake in Lloyds Banking Group by 22.4% during the second quarter. American Trust Investment Advisors LLC now owns 77,600 shares of the financial services provider’s stock valued at $220,000 after buying an additional 14,210 shares in the last quarter. Sawtooth Solutions LLC acquired a new position in shares of Lloyds Banking Group in the second quarter worth about $99,000. Finally, GWM Advisors LLC increased its position in shares of Lloyds Banking Group by 43.3% in the second quarter. GWM Advisors LLC now owns 39,479 shares of the financial services provider’s stock worth $112,000 after acquiring an additional 11,938 shares in the last quarter. 1.97% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts recently commented on the stock. UBS Group restated a “buy” rating on shares of Lloyds Banking Group in a research report on Tuesday, October 15th. Keefe, Bruyette & Woods cut shares of Lloyds Banking Group from a “market perform” rating to an “underperform” rating in a research report on Thursday, September 5th. ValuEngine downgraded shares of Lloyds Banking Group from a “sell” rating to a “strong sell” rating in a research note on Monday, October 21st. Goldman Sachs Group lowered Lloyds Banking Group from a “neutral” rating to a “sell” rating in a report on Thursday, September 12th. Finally, Zacks Investment Research raised Lloyds Banking Group from a “sell” rating to a “hold” rating and set a $3.50 target price for the company in a research report on Thursday, October 24th. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. Lloyds Banking Group currently has a consensus rating of “Hold” and an average target price of $3.50.

NYSE LYG opened at $3.04 on Wednesday. The company has a 50 day simple moving average of $3.02 and a 200-day simple moving average of $2.77. The company has a debt-to-equity ratio of 2.53, a current ratio of 0.17 and a quick ratio of 1.49. The firm has a market capitalization of $53.56 billion, a price-to-earnings ratio of 9.21 and a beta of 1.10. Lloyds Banking Group PLC has a 52-week low of $2.30 and a 52-week high of $3.46.

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.

See Also: Book Value Per Share in Stock Trading

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

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