Ballentine Partners LLC Sells 9,919 Shares of Lloyds Banking Group plc (NYSE:LYG)

Ballentine Partners LLC trimmed its holdings in shares of Lloyds Banking Group plc (NYSE:LYG) by 6.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 137,574 shares of the financial services provider’s stock after selling 9,919 shares during the quarter. Ballentine Partners LLC’s holdings in Lloyds Banking Group were worth $374,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its holdings in shares of Lloyds Banking Group by 58.5% during the third quarter. JPMorgan Chase & Co. now owns 6,659,629 shares of the financial services provider’s stock worth $20,778,000 after purchasing an additional 2,456,914 shares in the last quarter. BNP Paribas Financial Markets purchased a new position in Lloyds Banking Group in the 3rd quarter worth approximately $1,035,000. US Bancorp DE increased its holdings in shares of Lloyds Banking Group by 36.6% in the 3rd quarter. US Bancorp DE now owns 757,336 shares of the financial services provider’s stock worth $2,363,000 after buying an additional 202,862 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Lloyds Banking Group by 20.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,055,584 shares of the financial services provider’s stock worth $3,293,000 after acquiring an additional 180,178 shares during the last quarter. Finally, Raymond James & Associates grew its position in Lloyds Banking Group by 37.4% in the third quarter. Raymond James & Associates now owns 3,416,484 shares of the financial services provider’s stock worth $10,659,000 after acquiring an additional 929,478 shares in the last quarter. 2.15% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

LYG has been the topic of a number of research reports. Morgan Stanley downgraded Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group began coverage on Lloyds Banking Group in a research report on Friday, October 4th. They issued a “neutral” rating for the company. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Lloyds Banking Group currently has a consensus rating of “Hold” and an average price target of $2.75.

Lloyds Banking Group Trading Up 2.2 %

Shares of NYSE:LYG opened at $3.08 on Friday. Lloyds Banking Group plc has a 12-month low of $2.00 and a 12-month high of $3.24. The stock’s 50-day moving average price is $2.74 and its 200-day moving average price is $2.91. The stock has a market capitalization of $46.59 billion, a P/E ratio of 7.88 and a beta of 1.31.

Lloyds Banking Group (NYSE:LYG) last announced its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $0.10 EPS for the quarter. Lloyds Banking Group had a return on equity of 9.81% and a net margin of 10.89%. The business had revenue of $10.41 billion for the quarter. During the same period last year, the firm earned $0.10 earnings per share. As a group, research analysts predict that Lloyds Banking Group plc will post 0.33 EPS for the current year.

About Lloyds Banking Group

Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial services in the United Kingdom and internationally. It operates in three segments: Retail; Commercial Banking; and Insurance, Pensions and Investments. The Retail segment offers a range of financial service products, including current accounts, savings, mortgages, motor finance, unsecured loans, leasing solutions, and credit cards to personal customers.