Caprock Group LLC Trims Stock Position in Lloyds Banking Group plc (NYSE:LYG)

Caprock Group LLC decreased its stake in Lloyds Banking Group plc (NYSE:LYG) by 5.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 481,940 shares of the financial services provider’s stock after selling 25,458 shares during the quarter. Caprock Group LLC’s holdings in Lloyds Banking Group were worth $1,311,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. FMR LLC boosted its position in Lloyds Banking Group by 14.7% in the 3rd quarter. FMR LLC now owns 19,280,034 shares of the financial services provider’s stock worth $60,154,000 after purchasing an additional 2,472,263 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Lloyds Banking Group by 58.5% in the 3rd 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. boosted its holdings in 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 buying an additional 18,494 shares in the last quarter. Raymond James & Associates increased its holdings in Lloyds Banking Group by 37.4% in the third quarter. Raymond James & Associates now owns 3,416,484 shares of the financial services provider’s stock valued at $10,659,000 after buying an additional 929,478 shares in the last quarter. Finally, Bard Financial Services Inc. raised its position in shares of Lloyds Banking Group by 0.6% in the fourth quarter. Bard Financial Services Inc. now owns 2,426,305 shares of the financial services provider’s stock worth $6,600,000 after acquiring an additional 13,500 shares during the period. 2.15% of the stock is owned by institutional investors and hedge funds.

Lloyds Banking Group Stock Down 1.5 %

Shares of NYSE LYG opened at $3.05 on Monday. Lloyds Banking Group plc has a 52-week low of $2.00 and a 52-week high of $3.24. The firm has a market cap of $46.14 billion, a price-to-earnings ratio of 7.81 and a beta of 1.31. The company’s 50-day simple moving average is $2.78 and its 200-day simple moving average is $2.91.

Wall Street Analyst Weigh In

Separately, Morgan Stanley lowered Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, October 30th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target 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.