Lloyds Banking Group plc (NYSE:LYG) Shares Sold by SageView Advisory Group LLC

SageView Advisory Group LLC lowered its holdings in shares of Lloyds Banking Group plc (NYSE:LYG) by 68.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,388 shares of the financial services provider’s stock after selling 24,287 shares during the period. SageView Advisory Group LLC’s holdings in Lloyds Banking Group were worth $36,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of LYG. Interchange Capital Partners LLC acquired a new position in shares of Lloyds Banking Group during the 2nd quarter worth approximately $28,000. Tcwp LLC purchased a new stake in shares of Lloyds Banking Group in the second quarter valued at $32,000. Aletheian Wealth Advisors LLC acquired a new stake in shares of Lloyds Banking Group during the third quarter valued at $34,000. Fiduciary Financial Group LLC purchased a new stake in Lloyds Banking Group during the 2nd quarter worth about $35,000. Finally, Rothschild Investment LLC purchased a new position in Lloyds Banking Group in the 2nd quarter valued at about $35,000. Hedge funds and other institutional investors own 2.15% of the company’s stock.

Lloyds Banking Group Stock Performance

Shares of LYG stock opened at $2.70 on Monday. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.48 and a current ratio of 1.45. The firm has a market capitalization of $41.29 billion, a price-to-earnings ratio of 6.92 and a beta of 1.32. Lloyds Banking Group plc has a one year low of $2.00 and a one year high of $3.24. The company has a 50 day moving average price of $2.90 and a 200 day moving average price of $2.92.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on LYG shares. Morgan Stanley downgraded shares of Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a report on Wednesday, October 30th. Kepler Capital Markets started coverage on Lloyds Banking Group in a report on Thursday, September 5th. They issued a “hold” rating for the company. Finally, The Goldman Sachs Group started coverage on Lloyds Banking Group in a report on Friday, October 4th. They set a “neutral” rating on the stock. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $2.75.

Lloyds Banking Group Profile

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.