Assetmark Inc. Has $62,000 Stake in Lloyds Banking Group plc (NYSE:LYG)

Assetmark Inc. lessened its holdings in Lloyds Banking Group plc (NYSE:LYG) by 24.2% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,877 shares of the financial services provider’s stock after selling 6,356 shares during the period. Assetmark Inc.’s holdings in Lloyds Banking Group were worth $62,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Lazari Capital Management Inc. increased its holdings in shares of Lloyds Banking Group by 19.8% in the third quarter. Lazari Capital Management Inc. now owns 20,391 shares of the financial services provider’s stock worth $64,000 after purchasing an additional 3,371 shares during the period. Sequoia Financial Advisors LLC raised its stake in Lloyds Banking Group by 6.1% in the third quarter. Sequoia Financial Advisors LLC now owns 65,320 shares of the financial services provider’s stock worth $204,000 after buying an additional 3,734 shares in the last quarter. Patriot Financial Group Insurance Agency LLC raised its stake in Lloyds Banking Group by 2.8% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 135,436 shares of the financial services provider’s stock worth $370,000 after buying an additional 3,752 shares in the last quarter. AMG National Trust Bank increased its stake in shares of Lloyds Banking Group by 0.4% during the second quarter. AMG National Trust Bank now owns 1,001,075 shares of the financial services provider’s stock valued at $2,733,000 after purchasing an additional 3,976 shares in the last quarter. Finally, Angeles Investment Advisors LLC increased its stake in shares of Lloyds Banking Group by 38.6% during the second quarter. Angeles Investment Advisors LLC now owns 15,290 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 4,262 shares in the last quarter. Hedge funds and other institutional investors own 2.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. UBS Group restated a “neutral” rating on shares of Lloyds Banking Group in a report on Tuesday, July 30th. Morgan Stanley downgraded shares of Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a report on Wednesday, October 30th. Royal Bank of Canada downgraded shares of Lloyds Banking Group from an “outperform” rating to a “sector perform” rating in a report on Friday, July 26th. The Goldman Sachs Group began coverage on shares of Lloyds Banking Group in a research note on Friday, October 4th. They set a “neutral” rating for the company. Finally, Kepler Capital Markets assumed coverage on shares of Lloyds Banking Group in a research note on Thursday, September 5th. They set a “hold” rating for the company. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $2.75.

Lloyds Banking Group Stock Performance

NYSE LYG opened at $2.83 on Tuesday. Lloyds Banking Group plc has a one year low of $2.00 and a one year high of $3.24. The company’s 50 day moving average price is $3.00 and its 200 day moving average price is $2.92. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.48 and a current ratio of 1.45. The firm has a market capitalization of $43.42 billion, a price-to-earnings ratio of 7.24 and a beta of 1.35.

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.