Lloyds Banking Group plc (NYSE:LYG) Shares Sold by Procyon Advisors LLC

Procyon Advisors LLC lessened its holdings in shares of Lloyds Banking Group plc (NYSE:LYG) by 21.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,454 shares of the financial services provider’s stock after selling 8,410 shares during the quarter. Procyon Advisors LLC’s holdings in Lloyds Banking Group were worth $83,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Park Avenue Securities LLC boosted its holdings in shares of Lloyds Banking Group by 15.9% during the 4th quarter. Park Avenue Securities LLC now owns 288,877 shares of the financial services provider’s stock worth $786,000 after purchasing an additional 39,685 shares during the last quarter. Wallace Advisory Group LLC boosted its stake in Lloyds Banking Group by 93.3% during the fourth quarter. Wallace Advisory Group LLC now owns 40,709 shares of the financial services provider’s stock worth $111,000 after buying an additional 19,654 shares during the last quarter. Traveka Wealth LLC purchased a new stake in Lloyds Banking Group in the 4th quarter valued at $76,000. Cooper Financial Group increased its stake in shares of Lloyds Banking Group by 33.2% in the 4th quarter. Cooper Financial Group now owns 22,448 shares of the financial services provider’s stock worth $61,000 after acquiring an additional 5,597 shares during the last quarter. Finally, Brookstone Capital Management raised its holdings in shares of Lloyds Banking Group by 29.0% during the 4th quarter. Brookstone Capital Management now owns 48,910 shares of the financial services provider’s stock worth $133,000 after acquiring an additional 10,981 shares during the period. Hedge funds and other institutional investors own 2.15% of the company’s stock.

Lloyds Banking Group Trading Up 0.9 %

Shares of LYG opened at $2.86 on Tuesday. The company’s 50-day moving average price is $2.73 and its 200 day moving average price is $2.91. Lloyds Banking Group plc has a 12-month low of $2.00 and a 12-month high of $3.24. The firm has a market cap of $43.26 billion, a P/E ratio of 7.32 and a beta of 1.31.

Analysts Set New Price Targets

A number of brokerages recently issued reports on LYG. Morgan Stanley lowered shares of Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a report on Wednesday, October 30th. The Goldman Sachs Group began coverage on shares of Lloyds Banking Group in a report on Friday, October 4th. They issued a “neutral” rating on the stock. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $2.75.

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.