Tranquilli Financial Advisor LLC Lowers Holdings in Lloyds Banking Group plc (NYSE:LYG)

Tranquilli Financial Advisor LLC lowered its position in shares of Lloyds Banking Group plc (NYSE:LYG) by 10.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 48,814 shares of the financial services provider’s stock after selling 5,877 shares during the period. Tranquilli Financial Advisor LLC’s holdings in Lloyds Banking Group were worth $133,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in LYG. FMR LLC increased its position in 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 purchasing an additional 2,472,263 shares during the period. JPMorgan Chase & Co. increased its holdings in Lloyds Banking Group by 58.5% during 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 buying an additional 2,456,914 shares during the period. Crossmark Global Holdings Inc. raised its stake in Lloyds Banking Group by 0.4% in 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 lifted its holdings in Lloyds Banking Group by 37.4% during the third quarter. Raymond James & Associates now owns 3,416,484 shares of the financial services provider’s stock worth $10,659,000 after buying an additional 929,478 shares during the period. Finally, Bard Financial Services Inc. increased its holdings in shares of Lloyds Banking Group by 0.6% in the 4th quarter. Bard Financial Services Inc. now owns 2,426,305 shares of the financial services provider’s stock valued at $6,600,000 after acquiring an additional 13,500 shares during the period. 2.15% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley cut 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 stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $2.75.

Lloyds Banking Group Stock Up 0.5 %

Shares of Lloyds Banking Group stock opened at $3.03 on Tuesday. The company has a 50 day moving average price of $2.78 and a 200 day moving average price of $2.91. The firm has a market capitalization of $45.84 billion, a P/E ratio of 7.76 and a beta of 1.31. Lloyds Banking Group plc has a 52 week low of $2.00 and a 52 week high of $3.24.

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.