Pacer Advisors Inc. Has $351,000 Stock Holdings in Lloyds Banking Group plc (NYSE:LYG)

Pacer Advisors Inc. decreased its position in shares of Lloyds Banking Group plc (NYSE:LYG) by 2.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 129,000 shares of the financial services provider’s stock after selling 3,698 shares during the period. Pacer Advisors Inc.’s holdings in Lloyds Banking Group were worth $351,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Lazari Capital Management Inc. grew its stake in shares of Lloyds Banking Group by 19.8% in the 3rd quarter. Lazari Capital Management Inc. now owns 20,391 shares of the financial services provider’s stock valued at $64,000 after buying an additional 3,371 shares in the last quarter. Sequoia Financial Advisors LLC grew its position 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 acquiring an additional 3,734 shares in the last quarter. Baron Wealth Management LLC increased its stake in shares of Lloyds Banking Group by 30.8% during the 3rd quarter. Baron Wealth Management LLC now owns 16,851 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 3,969 shares during the last quarter. Dynamic Advisor Solutions LLC raised its holdings in shares of Lloyds Banking Group by 4.7% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 97,258 shares of the financial services provider’s stock valued at $303,000 after purchasing an additional 4,337 shares in the last quarter. Finally, Wedmont Private Capital lifted its stake in shares of Lloyds Banking Group by 19.2% in the 3rd quarter. Wedmont Private Capital now owns 29,068 shares of the financial services provider’s stock valued at $89,000 after purchasing an additional 4,674 shares during the last quarter. Hedge funds and other institutional investors own 2.15% of the company’s stock.

Lloyds Banking Group Trading Up 1.5 %

NYSE:LYG opened at $3.06 on Wednesday. The firm has a market capitalization of $46.29 billion, a PE ratio of 7.83 and a beta of 1.31. Lloyds Banking Group plc has a 1 year low of $2.00 and a 1 year high of $3.24. The firm’s fifty day simple moving average is $2.78 and its 200 day simple moving average is $2.91.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley lowered Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a report on Wednesday, October 30th. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average 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.