Captrust Financial Advisors Sells 9,760 Shares of Lloyds Banking Group plc (NYSE:LYG)

Captrust Financial Advisors cut its holdings in Lloyds Banking Group plc (NYSE:LYG) by 7.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 119,790 shares of the financial services provider’s stock after selling 9,760 shares during the period. Captrust Financial Advisors’ holdings in Lloyds Banking Group were worth $374,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Interchange Capital Partners LLC purchased a new position in shares of Lloyds Banking Group in the second quarter valued at $28,000. Aletheian Wealth Advisors LLC bought a new stake in shares of Lloyds Banking Group during the third quarter valued at about $34,000. Tcwp LLC purchased a new stake in shares of Lloyds Banking Group in the second quarter worth about $32,000. Rothschild Investment LLC bought a new position in shares of Lloyds Banking Group in the second quarter valued at approximately $35,000. Finally, Fiduciary Financial Group LLC purchased a new position in Lloyds Banking Group during the second quarter valued at approximately $35,000. 2.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

LYG has been the subject of a number of recent analyst reports. Morgan Stanley lowered shares of Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group started coverage on Lloyds Banking Group in a report on Friday, October 4th. They issued a “neutral” rating on the stock. Finally, Kepler Capital Markets began coverage on Lloyds Banking Group in a report on Thursday, September 5th. They set a “hold” rating for the company. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Lloyds Banking Group presently has an average rating of “Hold” and a consensus price target of $2.75.

Lloyds Banking Group Trading Up 0.5 %

Shares of LYG stock opened at $2.79 on Friday. The business has a 50-day moving average price of $2.87 and a two-hundred day moving average price of $2.92. Lloyds Banking Group plc has a 12-month low of $2.00 and a 12-month high of $3.24. The company has a quick ratio of 1.48, a current ratio of 1.45 and a debt-to-equity ratio of 1.76. The firm has a market cap of $42.59 billion, a P/E ratio of 7.14 and a beta of 1.32.

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.