Advisors Management Group Inc. ADV Reduces Stake in Lloyds Banking Group plc (NYSE:LYG)

Advisors Management Group Inc. ADV cut its stake in shares of Lloyds Banking Group plc (NYSE:LYG) by 2.3% during the fourth quarter, HoldingsChannel reports. The firm owned 1,032,740 shares of the financial services provider’s stock after selling 24,034 shares during the quarter. Advisors Management Group Inc. ADV’s holdings in Lloyds Banking Group were worth $2,809,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of LYG. Park Avenue Securities LLC boosted its stake in shares of Lloyds Banking Group by 15.9% during the 4th quarter. Park Avenue Securities LLC now owns 288,877 shares of the financial services provider’s stock worth $786,000 after purchasing an additional 39,685 shares during the period. Wallace Advisory Group LLC lifted its stake in Lloyds Banking Group by 93.3% in the fourth quarter. Wallace Advisory Group LLC now owns 40,709 shares of the financial services provider’s stock worth $111,000 after purchasing an additional 19,654 shares during the last quarter. Traveka Wealth LLC purchased a new position in shares of Lloyds Banking Group during the fourth quarter valued at approximately $76,000. Cooper Financial Group grew its stake in shares of Lloyds Banking Group by 33.2% during the fourth quarter. Cooper Financial Group now owns 22,448 shares of the financial services provider’s stock valued at $61,000 after buying an additional 5,597 shares during the last quarter. Finally, Brookstone Capital Management raised its holdings in shares of Lloyds Banking Group by 29.0% in the fourth quarter. Brookstone Capital Management now owns 48,910 shares of the financial services provider’s stock worth $133,000 after buying an additional 10,981 shares during the period. 2.15% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on LYG shares. Morgan Stanley cut Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a report on Wednesday, October 30th. The Goldman Sachs Group began coverage on shares of Lloyds Banking Group in a report on Friday, October 4th. They issued a “neutral” rating on the stock. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $2.75.

Lloyds Banking Group Stock Performance

LYG stock opened at $2.82 on Thursday. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.45 and a quick ratio of 1.48. Lloyds Banking Group plc has a 1-year low of $2.00 and a 1-year high of $3.24. The business has a 50-day moving average price of $2.72 and a 200 day moving average price of $2.91. The company has a market capitalization of $42.73 billion, a P/E ratio of 7.23 and a beta of 1.31.

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.