Lloyds Banking Group plc (NYSE:LYG) Shares Sold by Freedom Investment Management Inc.

Freedom Investment Management Inc. lessened its holdings in shares of Lloyds Banking Group plc (NYSE:LYG) by 10.3% in the third quarter, HoldingsChannel reports. The fund owned 72,121 shares of the financial services provider’s stock after selling 8,280 shares during the period. Freedom Investment Management Inc.’s holdings in Lloyds Banking Group were worth $225,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Transcend Capital Advisors LLC acquired a new position in Lloyds Banking Group during the 2nd quarter worth $28,000. Interchange Capital Partners LLC acquired a new stake in shares of Lloyds Banking Group in the second quarter valued at $28,000. Intergy Private Wealth LLC acquired a new stake in shares of Lloyds Banking Group in the second quarter valued at $29,000. Tcwp LLC acquired a new stake in shares of Lloyds Banking Group in the second quarter valued at $32,000. Finally, Aletheian Wealth Advisors LLC acquired a new stake in shares of Lloyds Banking Group in the third quarter valued at $34,000. Institutional investors and hedge funds own 2.15% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on LYG. Kepler Capital Markets began coverage on Lloyds Banking Group in a report on Thursday, September 5th. They issued a “hold” rating for the company. Morgan Stanley lowered Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a report on Wednesday, October 30th. Citigroup lowered Lloyds Banking Group from a “buy” rating to a “neutral” rating in a report on Monday, August 5th. Finally, The Goldman Sachs Group began coverage on Lloyds Banking Group in a research report on Friday, October 4th. They set a “neutral” rating on the stock. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $2.75.

Lloyds Banking Group Stock Up 0.7 %

Shares of Lloyds Banking Group stock opened at $2.70 on Monday. The stock’s fifty day moving average is $2.94 and its 200-day moving average is $2.92. The firm has a market capitalization of $41.29 billion, a PE ratio of 6.92 and a beta of 1.35. The company has a quick ratio of 1.48, a current ratio of 1.45 and a debt-to-equity ratio of 1.76. Lloyds Banking Group plc has a 12-month low of $2.00 and a 12-month high of $3.24.

Lloyds Banking Group Company 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.