Semmax Financial Advisors Inc. Has $2.40 Million Holdings in Lloyds Banking Group plc (NYSE:LYG)

Semmax Financial Advisors Inc. decreased its stake in Lloyds Banking Group plc (NYSE:LYG) by 1.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 768,765 shares of the financial services provider’s stock after selling 10,821 shares during the quarter. Semmax Financial Advisors Inc.’s holdings in Lloyds Banking Group were worth $2,399,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Transcend Capital Advisors LLC acquired a new stake in shares of Lloyds Banking Group in the 2nd quarter valued at $28,000. Interchange Capital Partners LLC acquired a new position in Lloyds Banking Group in the second quarter valued at about $28,000. Intergy Private Wealth LLC bought a new stake in Lloyds Banking Group during the second quarter worth about $29,000. Aletheian Wealth Advisors LLC acquired a new stake in shares of Lloyds Banking Group during the third quarter worth approximately $34,000. Finally, Tcwp LLC bought a new position in shares of Lloyds Banking Group in the second quarter valued at approximately $32,000. 2.15% of the stock is currently owned by institutional investors and hedge funds.

Lloyds Banking Group Price Performance

LYG opened at $2.70 on Friday. The company has a fifty day moving average price of $2.94 and a two-hundred day moving average price of $2.92. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.48 and a current ratio of 1.45. The firm has a market capitalization of $41.29 billion, a PE ratio of 6.92 and a beta of 1.35. Lloyds Banking Group plc has a 52 week low of $2.00 and a 52 week high of $3.24.

Analysts Set New Price Targets

A number of research firms recently commented on LYG. Kepler Capital Markets initiated coverage on Lloyds Banking Group in a research report on Thursday, September 5th. They set a “hold” rating on the stock. Morgan Stanley lowered Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, October 30th. The Goldman Sachs Group began coverage on Lloyds Banking Group in a report on Friday, October 4th. They issued a “neutral” rating for the company. Finally, Citigroup downgraded Lloyds Banking Group from a “buy” rating to a “neutral” rating in a report on Monday, August 5th. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Lloyds Banking Group presently has a consensus rating of “Hold” and a consensus price target of $2.75.

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.