LPL Financial LLC Sells 29,595 Shares of Lloyds Banking Group PLC (LYG)

LPL Financial LLC decreased its position in shares of Lloyds Banking Group PLC (NYSE:LYG) by 11.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 227,447 shares of the financial services provider’s stock after selling 29,595 shares during the quarter. LPL Financial LLC’s holdings in Lloyds Banking Group were worth $691,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Renaissance Technologies LLC grew its holdings in Lloyds Banking Group by 69.4% in the third quarter. Renaissance Technologies LLC now owns 1,590,800 shares of the financial services provider’s stock valued at $4,836,000 after purchasing an additional 651,700 shares during the period. JPMorgan Chase & Co. grew its holdings in Lloyds Banking Group by 146.4% in the third quarter. JPMorgan Chase & Co. now owns 1,836,496 shares of the financial services provider’s stock valued at $5,584,000 after purchasing an additional 1,091,025 shares during the period. United Services Automobile Association grew its holdings in Lloyds Banking Group by 10.4% in the third quarter. United Services Automobile Association now owns 227,688 shares of the financial services provider’s stock valued at $692,000 after purchasing an additional 21,490 shares during the period. Virtu Financial LLC grew its holdings in Lloyds Banking Group by 810.1% in the third quarter. Virtu Financial LLC now owns 128,283 shares of the financial services provider’s stock valued at $390,000 after purchasing an additional 114,187 shares during the period. Finally, Freestone Capital Holdings LLC grew its holdings in Lloyds Banking Group by 136.1% in the third quarter. Freestone Capital Holdings LLC now owns 34,762 shares of the financial services provider’s stock valued at $106,000 after purchasing an additional 20,037 shares during the period. 2.36% of the stock is currently owned by institutional investors and hedge funds.

Shares of LYG opened at $2.81 on Friday. Lloyds Banking Group PLC has a 12 month low of $2.43 and a 12 month high of $4.21. The company has a market capitalization of $48.83 billion, a price-to-earnings ratio of 5.11 and a beta of 0.80.

LYG has been the topic of several research analyst reports. Zacks Investment Research raised Lloyds Banking Group from a “sell” rating to a “hold” rating in a report on Thursday, September 20th. Goldman Sachs Group reissued a “sell” rating on shares of Lloyds Banking Group in a report on Thursday, December 20th. Macquarie raised Lloyds Banking Group from an “underperform” rating to a “neutral” rating in a report on Thursday, October 25th. Finally, Citigroup raised Lloyds Banking Group from a “neutral” rating to a “buy” rating in a report on Friday, January 4th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. Lloyds Banking Group has a consensus rating of “Hold” and an average target price of $4.25.

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About Lloyds Banking Group

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. The company 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, and unsecured consumer lending products to personal and small business customers.

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

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