Lloyds Banking Group PLC (NYSE:LYG) Shares Sold by Morningstar Investment Services LLC

Morningstar Investment Services LLC lessened its holdings in Lloyds Banking Group PLC (NYSE:LYG) by 3.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,565,999 shares of the financial services provider’s stock after selling 254,509 shares during the period. Morningstar Investment Services LLC’s holdings in Lloyds Banking Group were worth $11,273,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its position in shares of Lloyds Banking Group by 148.9% during the 1st quarter. JPMorgan Chase & Co. now owns 29,806,095 shares of the financial services provider’s stock worth $45,006,000 after purchasing an additional 17,832,855 shares during the last quarter. Aperio Group LLC lifted its position in shares of Lloyds Banking Group by 20.5% in the first quarter. Aperio Group LLC now owns 4,781,878 shares of the financial services provider’s stock valued at $7,221,000 after acquiring an additional 814,907 shares in the last quarter. FNY Investment Advisers LLC boosted its stake in shares of Lloyds Banking Group by 35.8% during the second quarter. FNY Investment Advisers LLC now owns 3,072,020 shares of the financial services provider’s stock valued at $4,608,000 after acquiring an additional 809,600 shares during the last quarter. UBS Group AG boosted its stake in shares of Lloyds Banking Group by 14.0% during the first quarter. UBS Group AG now owns 2,974,746 shares of the financial services provider’s stock valued at $4,492,000 after acquiring an additional 365,883 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in Lloyds Banking Group by 46.9% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,692,948 shares of the financial services provider’s stock worth $4,066,000 after purchasing an additional 859,368 shares in the last quarter. Institutional investors and hedge funds own 1.57% of the company’s stock.

LYG has been the topic of several analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating on shares of Lloyds Banking Group in a research note on Tuesday, May 5th. Morgan Stanley restated an “overweight” rating on shares of Lloyds Banking Group in a research report on Friday, June 5th. Deutsche Bank reiterated a “hold” rating on shares of Lloyds Banking Group in a report on Tuesday, July 14th. Zacks Investment Research lowered Lloyds Banking Group from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, Citigroup reaffirmed a “buy” rating on shares of Lloyds Banking Group in a research report on Friday. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $3.50.

Shares of NYSE LYG traded down $0.02 during trading on Friday, hitting $1.32. 6,579,092 shares of the company traded hands, compared to its average volume of 5,596,675. The firm has a market capitalization of $23.35 billion, a P/E ratio of 2.49 and a beta of 1.30. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 2.23. The company has a 50-day moving average price of $1.51 and a 200-day moving average price of $1.91. Lloyds Banking Group PLC has a 1 year low of $1.27 and a 1 year high of $3.58.

Lloyds Banking Group (NYSE:LYG) last issued its earnings results on Thursday, April 30th. The financial services provider reported $0.04 earnings per share for the quarter. The firm had revenue of $5.35 billion during the quarter. Research analysts predict that Lloyds Banking Group PLC will post 0.05 EPS for the current fiscal year.

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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