Nationwide Fund Advisors Sells 117,300 Shares of Lloyds Banking Group PLC (NYSE:LYG)

Nationwide Fund Advisors trimmed its holdings in shares of Lloyds Banking Group PLC (NYSE:LYG) by 48.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 124,609 shares of the financial services provider’s stock after selling 117,300 shares during the period. Nationwide Fund Advisors’ holdings in Lloyds Banking Group PLC were worth $440,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. grew its position in Lloyds Banking Group PLC by 0.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 28,925 shares of the financial services provider’s stock worth $102,000 after purchasing an additional 215 shares during the last quarter. CAPROCK Group Inc. increased its stake in shares of Lloyds Banking Group PLC by 33.1% during the 2nd quarter. CAPROCK Group Inc. now owns 30,718 shares of the financial services provider’s stock worth $108,000 after purchasing an additional 7,632 shares during the last quarter. Advisor Partners LLC grew its stake in Lloyds Banking Group PLC by 107.8% in the 2nd quarter. Advisor Partners LLC now owns 38,591 shares of the financial services provider’s stock valued at $136,000 after buying an additional 20,020 shares during the last quarter. American Asset Management Inc. acquired a new stake in Lloyds Banking Group PLC in the 2nd quarter worth $145,000. Finally, Hollencrest Securities LLC lifted its holdings in shares of Lloyds Banking Group PLC by 19.0% during the 2nd quarter. Hollencrest Securities LLC now owns 44,136 shares of the financial services provider’s stock worth $156,000 after acquiring an additional 7,033 shares during the period. Institutional investors and hedge funds own 2.16% of the company’s stock.

Lloyds Banking Group PLC (LYG) opened at $3.54 on Wednesday. The company has a market capitalization of $63,506.24, a PE ratio of 6.54 and a beta of 0.75. Lloyds Banking Group PLC has a twelve month low of $2.86 and a twelve month high of $3.87. The company has a current ratio of 1.38, a quick ratio of 1.39 and a debt-to-equity ratio of 1.79.

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Several equities analysts recently issued reports on the stock. Zacks Investment Research raised shares of Lloyds Banking Group PLC from a “hold” rating to a “buy” rating and set a $4.00 price target for the company in a report on Tuesday, September 26th. Credit Suisse Group upgraded shares of Lloyds Banking Group PLC from a “neutral” rating to an “outperform” rating in a report on Tuesday, October 10th. Goldman Sachs Group, Inc. (The) restated a “sell” rating on shares of Lloyds Banking Group PLC in a research note on Wednesday, September 6th. Finally, BidaskClub cut shares of Lloyds Banking Group PLC from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 2nd. Six equities research analysts have rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $4.00.

Lloyds Banking Group PLC Company Profile

Lloyds Banking Group plc is a provider of financial services to individual and business customers in the United Kingdom. The Company’s main business activities are retail and commercial banking, general insurance, and long-term savings, protection and investment. The Company’s segments are Retail, Commercial Banking, Consumer Finance, Insurance and Other.

Institutional Ownership by Quarter for Lloyds Banking Group PLC (NYSE:LYG)

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