Janney Capital Management LLC Reduces Stock Position in Lloyds Banking Group plc (NYSE:LYG)

Janney Capital Management LLC lowered its holdings in Lloyds Banking Group plc (NYSE:LYG) by 1.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 4,685,732 shares of the financial services provider’s stock after selling 88,138 shares during the quarter. Janney Capital Management LLC’s holdings in Lloyds Banking Group were worth $12,745,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Simon Quick Advisors LLC purchased a new stake in Lloyds Banking Group in the fourth quarter worth about $35,000. HF Advisory Group LLC lifted its stake in shares of Lloyds Banking Group by 3.7% in the 4th quarter. HF Advisory Group LLC now owns 343,028 shares of the financial services provider’s stock valued at $933,000 after purchasing an additional 12,258 shares during the period. Aaron Wealth Advisors LLC lifted its stake in shares of Lloyds Banking Group by 8.8% in the 4th quarter. Aaron Wealth Advisors LLC now owns 131,160 shares of the financial services provider’s stock valued at $357,000 after purchasing an additional 10,647 shares during the period. HB Wealth Management LLC lifted its stake in shares of Lloyds Banking Group by 88.4% in the 4th quarter. HB Wealth Management LLC now owns 38,483 shares of the financial services provider’s stock valued at $105,000 after purchasing an additional 18,052 shares during the period. Finally, O Keefe Stevens Advisory Inc. lifted its stake in shares of Lloyds Banking Group by 42.8% in the 4th quarter. O Keefe Stevens Advisory Inc. now owns 139,686 shares of the financial services provider’s stock valued at $380,000 after purchasing an additional 41,868 shares during the period. Hedge funds and other institutional investors own 2.15% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on LYG shares. The Goldman Sachs Group initiated coverage on Lloyds Banking Group in a research report on Friday, October 4th. They set a “neutral” rating for the company. Morgan Stanley cut shares of Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, October 30th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $2.75.

Lloyds Banking Group Stock Up 0.3 %

Shares of LYG opened at $3.03 on Wednesday. Lloyds Banking Group plc has a twelve month low of $2.00 and a twelve month high of $3.24. The company has a market capitalization of $45.91 billion, a P/E ratio of 7.76 and a beta of 1.31. The firm has a 50 day moving average of $2.73 and a 200 day moving average of $2.91.

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