GAMMA Investing LLC Has $126,000 Position in Lloyds Banking Group plc (NYSE:LYG)

GAMMA Investing LLC decreased its position in Lloyds Banking Group plc (NYSE:LYG) by 12.3% during the 4th quarter, HoldingsChannel reports. The fund owned 46,318 shares of the financial services provider’s stock after selling 6,470 shares during the quarter. GAMMA Investing LLC’s holdings in Lloyds Banking Group were worth $126,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of LYG. FMR LLC lifted its position in shares of Lloyds Banking Group by 14.7% in the third quarter. FMR LLC now owns 19,280,034 shares of the financial services provider’s stock worth $60,154,000 after purchasing an additional 2,472,263 shares in the last quarter. Clearbridge Investments LLC bought a new stake in Lloyds Banking Group during the 2nd quarter worth about $36,252,000. Envestnet Asset Management Inc. boosted its stake in shares of Lloyds Banking Group by 49.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 8,577,101 shares of the financial services provider’s stock worth $23,415,000 after buying an additional 2,841,956 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Lloyds Banking Group by 58.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,659,629 shares of the financial services provider’s stock valued at $20,778,000 after acquiring an additional 2,456,914 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in Lloyds Banking Group by 17.2% during the second quarter. American Century Companies Inc. now owns 5,472,171 shares of the financial services provider’s stock worth $14,939,000 after acquiring an additional 804,035 shares in the last quarter. Institutional investors and hedge funds own 2.15% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. The Goldman Sachs Group started coverage on Lloyds Banking Group in a report on Friday, October 4th. They issued a “neutral” rating for the company. Morgan Stanley cut shares of Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, October 30th. 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.com, Lloyds Banking Group has an average rating of “Hold” and a consensus target price of $2.75.

Lloyds Banking Group Trading Down 3.6 %

Shares of Lloyds Banking Group stock opened at $2.65 on Friday. The firm has a market capitalization of $40.15 billion, a PE ratio of 6.80 and a beta of 1.31. The company has a current ratio of 1.45, a quick ratio of 1.48 and a debt-to-equity ratio of 1.76. The firm’s 50 day moving average is $2.74 and its 200 day moving average is $2.91. Lloyds Banking Group plc has a 1 year low of $2.00 and a 1 year 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.