Diversify Wealth Management LLC Sells 3,609 Shares of Lloyds Banking Group plc (NYSE:LYG)

Diversify Wealth Management LLC lessened its holdings in Lloyds Banking Group plc (NYSE:LYG) by 8.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,340 shares of the financial services provider’s stock after selling 3,609 shares during the quarter. Diversify Wealth Management LLC’s holdings in Lloyds Banking Group were worth $96,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in LYG. Lazari Capital Management Inc. lifted its position in Lloyds Banking Group by 19.8% during the 3rd quarter. Lazari Capital Management Inc. now owns 20,391 shares of the financial services provider’s stock worth $64,000 after buying an additional 3,371 shares in the last quarter. Sequoia Financial Advisors LLC increased its position in shares of 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 valued at $204,000 after acquiring an additional 3,734 shares during the last quarter. Baron Wealth Management LLC raised its holdings in Lloyds Banking Group by 30.8% during the third quarter. Baron Wealth Management LLC now owns 16,851 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 3,969 shares in the last quarter. Dynamic Advisor Solutions LLC boosted its position in Lloyds Banking Group by 4.7% during the third 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 during the last quarter. Finally, Wedmont Private Capital grew its stake in Lloyds Banking Group by 19.2% in the third 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 in the last quarter. Institutional investors and hedge funds own 2.15% of the company’s stock.

Wall Street Analyst Weigh In

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

Lloyds Banking Group Trading Up 2.2 %

LYG opened at $3.08 on Friday. The stock’s fifty day simple moving average is $2.74 and its 200 day simple moving average is $2.91. Lloyds Banking Group plc has a 1-year low of $2.00 and a 1-year high of $3.24. The stock has a market cap of $46.59 billion, a PE ratio of 7.88 and a beta of 1.31.

Lloyds Banking Group (NYSE:LYG) last posted its earnings results on Wednesday, October 23rd. The financial services provider reported $0.10 earnings per share (EPS) for the quarter. Lloyds Banking Group had a net margin of 10.89% and a return on equity of 9.81%. The company had revenue of $10.41 billion during the quarter. During the same quarter in the prior year, the business posted $0.10 EPS. Equities analysts forecast that Lloyds Banking Group plc will post 0.33 earnings per share for the current year.

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.