Sanibel Captiva Trust Company Inc. Lowers Position in Lloyds Banking Group plc (NYSE:LYG)

Sanibel Captiva Trust Company Inc. lowered its holdings in Lloyds Banking Group plc (NYSE:LYG) by 23.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 26,110 shares of the financial services provider’s stock after selling 7,822 shares during the quarter. Sanibel Captiva Trust Company Inc.’s holdings in Lloyds Banking Group were worth $71,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. O Keefe Stevens Advisory Inc. lifted its holdings in Lloyds Banking Group by 42.8% during the fourth quarter. O Keefe Stevens Advisory Inc. now owns 139,686 shares of the financial services provider’s stock worth $380,000 after buying an additional 41,868 shares during the period. Park Avenue Securities LLC lifted its stake in shares of Lloyds Banking Group by 15.9% during the 4th quarter. Park Avenue Securities LLC now owns 288,877 shares of the financial services provider’s stock worth $786,000 after purchasing an additional 39,685 shares during the last quarter. Wallace Advisory Group LLC grew its stake in Lloyds Banking Group by 93.3% in the fourth quarter. Wallace Advisory Group LLC now owns 40,709 shares of the financial services provider’s stock valued at $111,000 after purchasing an additional 19,654 shares during the last quarter. Traveka Wealth LLC bought a new position in Lloyds Banking Group in the fourth quarter worth about $76,000. Finally, Cooper Financial Group lifted its position in shares of Lloyds Banking Group by 33.2% during the fourth quarter. Cooper Financial Group now owns 22,448 shares of the financial services provider’s stock valued at $61,000 after buying an additional 5,597 shares during the last quarter. Hedge funds and other institutional investors own 2.15% of the company’s stock.

Lloyds Banking Group Price Performance

NYSE LYG opened at $2.86 on Monday. The stock’s fifty day moving average price is $2.73 and its 200 day moving average price is $2.91. Lloyds Banking Group plc has a 1 year low of $2.00 and a 1 year high of $3.24. The company has a market cap of $43.26 billion, a price-to-earnings ratio of 7.32 and a beta of 1.31.

Wall Street Analyst Weigh In

LYG has been the subject of several recent analyst reports. Morgan Stanley lowered shares of Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, October 30th. The Goldman Sachs Group assumed coverage on Lloyds Banking Group in a research report on Friday, October 4th. They issued a “neutral” rating for the company. 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 data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $2.75.

Lloyds Banking Group Company 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.