Savant Capital LLC Sells 8,532 Shares of Lloyds Banking Group plc (NYSE:LYG)

Savant Capital LLC lowered its stake in shares of Lloyds Banking Group plc (NYSE:LYG) by 20.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,987 shares of the financial services provider’s stock after selling 8,532 shares during the period. Savant Capital LLC’s holdings in Lloyds Banking Group were worth $90,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of LYG. Brentview Investment Management LLC bought a new stake in shares of Lloyds Banking Group during the fourth quarter valued at approximately $31,000. Aletheian Wealth Advisors LLC bought a new stake in shares of Lloyds Banking Group during the third quarter valued at approximately $34,000. Simon Quick Advisors LLC bought a new stake in shares of Lloyds Banking Group during the fourth quarter valued at approximately $35,000. Cerro Pacific Wealth Advisors LLC bought a new stake in shares of Lloyds Banking Group during the fourth quarter valued at approximately $37,000. Finally, Adero Partners LLC bought a new stake in Lloyds Banking Group in the fourth quarter worth $39,000. Institutional investors own 2.15% of the company’s stock.

Lloyds Banking Group Stock Performance

Shares of LYG opened at $3.15 on Thursday. The company’s fifty day moving average is $2.89 and its 200 day moving average is $2.92. Lloyds Banking Group plc has a fifty-two week low of $2.13 and a fifty-two week high of $3.24. The stock has a market capitalization of $47.77 billion, a PE ratio of 8.06 and a beta of 1.31.

Analysts Set New Price Targets

Separately, Morgan Stanley cut shares of Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a research report 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. Based on data from MarketBeat.com, Lloyds Banking Group currently has an average rating of “Hold” and a consensus price target of $2.75.

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.