Captrust Financial Advisors Sells 9,760 Shares of Lloyds Banking Group plc (NYSE:LYG)

Captrust Financial Advisors trimmed its holdings in shares of Lloyds Banking Group plc (NYSE:LYG) by 7.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 119,790 shares of the financial services provider’s stock after selling 9,760 shares during the period. Captrust Financial Advisors’ holdings in Lloyds Banking Group were worth $374,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Clearbridge Investments LLC purchased a new stake in Lloyds Banking Group during the 2nd quarter valued at about $36,252,000. Envestnet Asset Management Inc. boosted its stake in shares of Lloyds Banking Group by 49.6% during the second quarter. Envestnet Asset Management Inc. now owns 8,577,101 shares of the financial services provider’s stock valued at $23,415,000 after purchasing an additional 2,841,956 shares during the period. FMR LLC grew 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 purchasing an additional 2,472,263 shares during the last quarter. Raymond James & Associates increased its stake in shares of Lloyds Banking Group by 114.5% in the second quarter. Raymond James & Associates now owns 2,487,006 shares of the financial services provider’s stock worth $6,790,000 after buying an additional 1,327,589 shares during the period. Finally, First Eagle Investment Management LLC raised its holdings in Lloyds Banking Group by 25.3% during the 2nd quarter. First Eagle Investment Management LLC now owns 5,087,379 shares of the financial services provider’s stock valued at $13,889,000 after buying an additional 1,026,639 shares during the last quarter. 2.15% of the stock is owned by institutional investors.

Lloyds Banking Group Stock Performance

Shares of LYG opened at $2.79 on Friday. The company has a 50-day simple moving average of $2.87 and a two-hundred day simple moving average of $2.92. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.45 and a quick ratio of 1.48. The firm has a market capitalization of $42.59 billion, a PE ratio of 7.14 and a beta of 1.32. Lloyds Banking Group plc has a one year low of $2.00 and a one year high of $3.24.

Analyst Ratings Changes

A number of research firms have issued reports on LYG. Kepler Capital Markets initiated coverage on shares of Lloyds Banking Group in a research report on Thursday, September 5th. They issued a “hold” rating on the stock. The Goldman Sachs Group assumed coverage on Lloyds Banking Group in a research report on Friday, October 4th. They set a “neutral” rating for the company. Finally, Morgan Stanley lowered 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 given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $2.75.

Lloyds Banking Group Profile

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.