Yousif Capital Management LLC Sells 56,000 Shares of Lloyds Banking Group plc (NYSE:LYG)

Yousif Capital Management LLC reduced its position in Lloyds Banking Group plc (NYSE:LYG) by 22.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 188,968 shares of the financial services provider’s stock after selling 56,000 shares during the quarter. Yousif Capital Management LLC’s holdings in Lloyds Banking Group were worth $514,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. FMR LLC lifted its holdings 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 buying an additional 2,472,263 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Lloyds Banking Group by 58.5% in the third quarter. JPMorgan Chase & Co. now owns 6,659,629 shares of the financial services provider’s stock worth $20,778,000 after buying an additional 2,456,914 shares in the last quarter. Raymond James & Associates lifted its holdings in shares of Lloyds Banking Group by 37.4% in the third quarter. Raymond James & Associates now owns 3,416,484 shares of the financial services provider’s stock worth $10,659,000 after buying an additional 929,478 shares in the last quarter. Citigroup Inc. lifted its holdings in shares of Lloyds Banking Group by 58.3% in the third quarter. Citigroup Inc. now owns 1,703,943 shares of the financial services provider’s stock worth $5,316,000 after buying an additional 627,592 shares in the last quarter. Finally, Maverick Capital Ltd. purchased a new position in shares of Lloyds Banking Group in the third quarter worth $1,405,000. 2.15% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley downgraded shares of Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a report on Wednesday, October 30th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $2.75.

Lloyds Banking Group Stock Up 0.5 %

Lloyds Banking Group stock opened at $3.22 on Monday. The company has a market cap of $48.71 billion, a price-to-earnings ratio of 8.24 and a beta of 1.31. The firm’s fifty day moving average is $2.86 and its 200 day moving average is $2.92. Lloyds Banking Group plc has a 52-week low of $2.04 and a 52-week high of $3.24.

About Lloyds Banking Group

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.