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

Parametric Portfolio Associates LLC reduced its position in Lloyds Banking Group PLC (NYSE:LYG) by 0.8% in the 3rd quarter, according to its most recent filing 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 owned 0.07% of Lloyds Banking Group worth $31,833,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of LYG. Schroder Investment Management Group acquired a new position in shares of Lloyds Banking Group in the second quarter valued at approximately $25,000. FLC Capital Advisors acquired a new position in Lloyds Banking Group during the second quarter worth about $29,000. Assetmark Inc. purchased a new position in Lloyds Banking Group in the second quarter valued at about $29,000. AE Wealth Management LLC purchased a new position in Lloyds Banking Group in the third quarter valued at about $29,000. Finally, Arden Trust Co acquired a new stake in shares of Lloyds Banking Group during the 2nd quarter valued at approximately $30,000. 1.97% of the stock is owned by institutional investors and hedge funds.

Shares of LYG opened at $3.04 on Wednesday. Lloyds Banking Group PLC has a 1 year low of $2.30 and a 1 year high of $3.46. The company’s 50 day simple moving average is $3.02 and its 200 day simple moving average is $2.77. The company has a market capitalization of $53.56 billion, a price-to-earnings ratio of 9.21 and a beta of 1.10. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.49 and a current ratio of 0.17.

LYG has been the topic of several research reports. ValuEngine lowered Lloyds Banking Group from a “sell” rating to a “strong sell” rating in a report on Monday, October 21st. Zacks Investment Research upgraded shares of Lloyds Banking Group from a “sell” rating to a “hold” rating and set a $3.50 price objective on the stock in a research report on Thursday, October 24th. Goldman Sachs Group cut shares of Lloyds Banking Group from a “neutral” rating to a “sell” rating in a research note on Thursday, September 12th. UBS Group restated a “buy” rating on shares of Lloyds Banking Group in a report on Tuesday, October 15th. Finally, Deutsche Bank cut shares of Lloyds Banking Group from a “buy” rating to a “hold” rating in a research report on Friday, September 6th. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. Lloyds Banking Group presently has a consensus rating of “Hold” and a consensus target price of $3.50.

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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