Lloyds Banking Group plc (NYSE:LYG) Shares Sold by Foster Victor Wealth Advisors LLC

Foster Victor Wealth Advisors LLC decreased its holdings in Lloyds Banking Group plc (NYSE:LYG) by 29.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 54,259 shares of the financial services provider’s stock after selling 22,125 shares during the quarter. Foster Victor Wealth Advisors LLC’s holdings in Lloyds Banking Group were worth $155,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of LYG. FMR LLC lifted its position in shares of Lloyds Banking Group by 14.7% during the 3rd quarter. FMR LLC now owns 19,280,034 shares of the financial services provider’s stock valued at $60,154,000 after buying an additional 2,472,263 shares in the last quarter. Clearbridge Investments LLC purchased a new position in Lloyds Banking Group during the second quarter valued at $36,252,000. JPMorgan Chase & Co. grew its position in shares of Lloyds Banking Group by 58.5% in the third quarter. JPMorgan Chase & Co. now owns 6,659,629 shares of the financial services provider’s stock valued at $20,778,000 after purchasing an additional 2,456,914 shares during the period. Crossmark Global Holdings Inc. increased its stake in shares of Lloyds Banking Group by 0.4% during the third quarter. Crossmark Global Holdings Inc. now owns 4,894,063 shares of the financial services provider’s stock worth $15,269,000 after purchasing an additional 18,494 shares in the last quarter. Finally, Raymond James & Associates raised its position in shares of Lloyds Banking Group by 37.4% during the 3rd quarter. Raymond James & Associates now owns 3,416,484 shares of the financial services provider’s stock worth $10,659,000 after purchasing an additional 929,478 shares during the last quarter. Hedge funds and other institutional investors own 2.15% of the company’s stock.

Lloyds Banking Group Price Performance

Shares of Lloyds Banking Group stock opened at $3.06 on Thursday. Lloyds Banking Group plc has a 1-year low of $2.00 and a 1-year high of $3.24. The stock has a market cap of $46.29 billion, a P/E ratio of 7.83 and a beta of 1.31. The stock’s 50 day simple moving average is $2.76 and its 200-day simple moving average is $2.91.

Analysts Set New Price Targets

LYG has been the subject of several research reports. The Goldman Sachs Group initiated coverage on Lloyds Banking Group in a research note on Friday, October 4th. They set a “neutral” rating for the company. Morgan Stanley cut 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. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average 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.