Aviance Capital Management LLC lowered its position in Lloyds Banking Group PLC (NYSE:LYG) by 14.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 54,017 shares of the financial services provider’s stock after selling 9,441 shares during the quarter. Aviance Capital Management LLC’s holdings in Lloyds Banking Group PLC were worth $191,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Lloyds Banking Group PLC by 0.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 28,925 shares of the financial services provider’s stock valued at $102,000 after acquiring an additional 215 shares during the period. CAPROCK Group Inc. grew its position in shares of Lloyds Banking Group PLC by 33.1% during the second quarter. CAPROCK Group Inc. now owns 30,718 shares of the financial services provider’s stock worth $108,000 after acquiring an additional 7,632 shares during the last quarter. Private Advisor Group LLC grew its position in shares of Lloyds Banking Group PLC by 199.6% during the first quarter. Private Advisor Group LLC now owns 42,947 shares of the financial services provider’s stock worth $121,000 after acquiring an additional 28,612 shares during the last quarter. Signaturefd LLC acquired a new position in shares of Lloyds Banking Group PLC in the 1st quarter valued at $125,000. Finally, Advisor Partners LLC increased its holdings in shares of Lloyds Banking Group PLC by 107.8% in the 2nd quarter. Advisor Partners LLC now owns 38,591 shares of the financial services provider’s stock valued at $136,000 after acquiring an additional 20,020 shares during the period. Institutional investors own 2.11% of the company’s stock.

Several analysts recently commented on LYG shares. BidaskClub downgraded shares of Lloyds Banking Group PLC from a “hold” rating to a “sell” rating in a research report on Thursday, June 22nd. ValuEngine upgraded shares of Lloyds Banking Group PLC from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. Zacks Investment Research raised shares of Lloyds Banking Group PLC from a “hold” rating to a “buy” rating and set a $4.00 price objective on the stock in a research report on Friday, July 14th. Finally, Goldman Sachs Group, Inc. (The) reissued a “sell” rating on shares of Lloyds Banking Group PLC in a research report on Wednesday, September 6th. Six analysts have rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $4.00.

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Shares of Lloyds Banking Group PLC (NYSE LYG) traded down 0.28% during midday trading on Tuesday, reaching $3.61. 1,768,117 shares of the company were exchanged. Lloyds Banking Group PLC has a 52-week low of $2.56 and a 52-week high of $3.87. The company’s 50-day moving average price is $3.44 and its 200 day moving average price is $3.51. The stock has a market capitalization of $57.46 billion, a price-to-earnings ratio of 32.23 and a beta of 0.71.

The company also recently disclosed a None dividend, which will be paid on Tuesday, October 10th. Investors of record on Friday, August 11th will be given a $0.052 dividend. The ex-dividend date is Wednesday, August 9th. This is an increase from Lloyds Banking Group PLC’s previous None dividend of $0.05. This represents a yield of 2.98%. Lloyds Banking Group PLC’s dividend payout ratio (DPR) is currently 100.00%.

Lloyds Banking Group PLC Company Profile

Lloyds Banking Group plc is a provider of financial services to individual and business customers in the United Kingdom. The Company’s main business activities are retail and commercial banking, general insurance, and long-term savings, protection and investment. The Company’s segments are Retail, Commercial Banking, Consumer Finance, Insurance and Other.

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Institutional Ownership by Quarter for Lloyds Banking Group PLC (NYSE:LYG)

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