Nationwide Fund Advisors cut its position in Lloyds Banking Group PLC (NYSE:LYG) by 48.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 124,609 shares of the financial services provider’s stock after selling 117,300 shares during the quarter. Nationwide Fund Advisors’ holdings in Lloyds Banking Group PLC were worth $440,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Comerica Securities Inc. boosted its stake in Lloyds Banking Group PLC by 18.3% in the 2nd quarter. Comerica Securities Inc. now owns 71,417 shares of the financial services provider’s stock valued at $252,000 after purchasing an additional 11,038 shares during the period. Raymond James Trust N.A. lifted its position in shares of Lloyds Banking Group PLC by 1.5% during the 2nd quarter. Raymond James Trust N.A. now owns 92,658 shares of the financial services provider’s stock valued at $328,000 after acquiring an additional 1,349 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in shares of Lloyds Banking Group PLC by 0.7% during the 2nd 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. CIBC World Markets Inc. lifted its position in shares of Lloyds Banking Group PLC by 389.4% during the 2nd quarter. CIBC World Markets Inc. now owns 510,328 shares of the financial services provider’s stock valued at $1,801,000 after acquiring an additional 406,056 shares during the period. Finally, Oppenheimer Asset Management Inc. lifted its position in shares of Lloyds Banking Group PLC by 2.1% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 1,175,486 shares of the financial services provider’s stock valued at $4,149,000 after acquiring an additional 23,988 shares during the period. Institutional investors and hedge funds own 2.14% of the company’s stock.

A number of analysts have recently weighed in on the company. Zacks Investment Research upgraded Lloyds Banking Group PLC from a “hold” rating to a “buy” rating and set a $4.00 target price for the company in a research report on Tuesday, September 26th. Credit Suisse Group upgraded Lloyds Banking Group PLC from a “neutral” rating to an “outperform” rating in a research report on Tuesday, October 10th. BidaskClub downgraded Lloyds Banking Group PLC from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 2nd. Finally, Goldman Sachs Group, Inc. (The) reiterated a “sell” rating on shares of Lloyds Banking Group PLC in a research report on Wednesday, September 6th. Six investment analysts have rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $4.00.

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Lloyds Banking Group PLC (LYG) opened at $3.60 on Monday. The company has a current ratio of 1.38, a quick ratio of 1.39 and a debt-to-equity ratio of 1.79. Lloyds Banking Group PLC has a fifty-two week low of $2.77 and a fifty-two week high of $3.87. The company has a market capitalization of $64,760.56, a price-to-earnings ratio of 6.67 and a beta of 0.75.

Lloyds Banking Group PLC 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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