Lloyds Banking Group plc (NYSE:LYG) Shares Sold by GAMMA Investing LLC

GAMMA Investing LLC decreased its stake in shares of Lloyds Banking Group plc (NYSE:LYG) by 12.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 46,318 shares of the financial services provider’s stock after selling 6,470 shares during the period. GAMMA Investing LLC’s holdings in Lloyds Banking Group were worth $126,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Aletheian Wealth Advisors LLC acquired a new position in shares of Lloyds Banking Group in the 3rd quarter worth $34,000. Tcwp LLC purchased a new position in Lloyds Banking Group during the 2nd quarter valued at about $32,000. Arkadios Wealth Advisors acquired a new position in shares of Lloyds Banking Group in the 3rd quarter valued at about $42,000. OneAscent Financial Services LLC acquired a new stake in shares of Lloyds Banking Group during the third quarter worth approximately $46,000. Finally, Angeles Investment Advisors LLC grew its position in 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. 2.15% of the stock is owned by institutional investors and hedge funds.

Lloyds Banking Group Stock Down 3.6 %

Shares of NYSE:LYG opened at $2.65 on Friday. 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 $40.15 billion, a P/E ratio of 6.80 and a beta of 1.31. The company has a quick ratio of 1.48, a current ratio of 1.45 and a debt-to-equity ratio of 1.76. The company’s 50-day moving average price is $2.74 and its two-hundred day moving average price is $2.91.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on LYG. Morgan Stanley lowered Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a report on Wednesday, October 30th. The Goldman Sachs Group started coverage on Lloyds Banking Group in a report on Friday, October 4th. They set a “neutral” rating on the stock. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Lloyds Banking Group 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.