Lloyds Banking Group PLC (LYG) Shares Sold by Macquarie Group Ltd.

Macquarie Group Ltd. reduced its position in shares of Lloyds Banking Group PLC (NYSE:LYG) by 0.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,992,625 shares of the financial services provider’s stock after selling 182,723 shares during the period. Macquarie Group Ltd. owned about 0.17% of Lloyds Banking Group worth $109,773,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. raised its stake in shares of Lloyds Banking Group by 0.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 28,925 shares of the financial services provider’s stock valued at $102,000 after acquiring an additional 215 shares in the last quarter. CAPROCK Group Inc. raised its stake in shares of Lloyds Banking Group by 33.1% in the second quarter. CAPROCK Group Inc. now owns 30,718 shares of the financial services provider’s stock valued at $108,000 after acquiring an additional 7,632 shares in the last quarter. Keybank National Association OH acquired a new stake in shares of Lloyds Banking Group in the third quarter valued at $123,000. Advisor Partners LLC raised its stake in shares of Lloyds Banking Group by 107.8% in the second quarter. Advisor Partners LLC now owns 38,591 shares of the financial services provider’s stock valued at $136,000 after acquiring an additional 20,020 shares in the last quarter. Finally, American Asset Management Inc. acquired a new stake in shares of Lloyds Banking Group in the second quarter valued at $145,000. Institutional investors and hedge funds own 2.12% of the company’s stock.

Lloyds Banking Group PLC (NYSE:LYG) traded down $0.06 during trading on Friday, reaching $3.55. The company’s stock had a trading volume of 5,479,657 shares, compared to its average volume of 3,528,176. Lloyds Banking Group PLC has a one year low of $2.91 and a one year high of $3.87. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.39 and a current ratio of 1.38. The firm has a market capitalization of $63,866.05, a PE ratio of 6.57 and a beta of 0.76.

Several brokerages have recently issued reports on LYG. Zacks Investment Research upgraded Lloyds Banking Group from a “hold” rating to a “buy” rating and set a $4.00 price objective on the stock in a research note on Tuesday, September 26th. Macquarie cut Lloyds Banking Group from a “neutral” rating to an “underperform” rating in a research note on Wednesday. UBS reiterated a “buy” rating on shares of Lloyds Banking Group in a research note on Wednesday. Credit Suisse Group upgraded Lloyds Banking Group from a “neutral” rating to an “outperform” rating in a research note on Tuesday, October 10th. Finally, Goldman Sachs Group restated a “sell” rating on shares of Lloyds Banking Group in a research note on Wednesday, September 6th. Seven equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $4.00.

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About Lloyds Banking Group

Lloyds Banking Group plc is a provider of financial services to individual and business customers in the United Kingdom. The Company’s main business activities are retail and commercial banking, general insurance, and long-term savings, protection and investment. The Company’s segments are Retail, Commercial Banking, Consumer Finance, Insurance and Other.

Institutional Ownership by Quarter for Lloyds Banking Group (NYSE:LYG)

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