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

Optas LLC cut its holdings in shares of Lloyds Banking Group plc (NYSE:LYG) by 12.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 36,907 shares of the financial services provider’s stock after selling 5,448 shares during the period. Optas LLC’s holdings in Lloyds Banking Group were worth $100,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of Montreal Can raised its stake in shares of Lloyds Banking Group by 126.6% in the second quarter. Bank of Montreal Can now owns 140,574 shares of the financial services provider’s stock valued at $395,000 after acquiring an additional 78,530 shares in the last quarter. AQR Capital Management LLC raised its position in Lloyds Banking Group by 323.3% in the 2nd quarter. AQR Capital Management LLC now owns 136,599 shares of the financial services provider’s stock valued at $373,000 after purchasing an additional 104,326 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Lloyds Banking Group by 25.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 106,165 shares of the financial services provider’s stock valued at $290,000 after buying an additional 21,709 shares during the period. B. Riley Wealth Advisors Inc. acquired a new position in shares of Lloyds Banking Group during the second quarter worth about $69,000. Finally, Truist Financial Corp increased its stake in shares of Lloyds Banking Group by 22.9% during the second quarter. Truist Financial Corp now owns 389,410 shares of the financial services provider’s stock worth $1,063,000 after buying an additional 72,477 shares during the period. Hedge funds and other institutional investors own 2.15% of the company’s stock.

Lloyds Banking Group Stock Up 1.5 %

Shares of LYG opened at $3.06 on Wednesday. The company has a market capitalization of $46.29 billion, a price-to-earnings ratio of 7.83 and a beta of 1.31. Lloyds Banking Group plc has a 52-week low of $2.00 and a 52-week high of $3.24. The stock has a 50 day moving average price of $2.78 and a 200 day moving average price of $2.91.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley cut shares of Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a report on Wednesday, October 30th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Lloyds Banking Group currently has a consensus rating of “Hold” and a consensus target price of $2.75.

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.