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.
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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