Warren Street Wealth Advisors LLC Sells 6,657 Shares of Lloyds Banking Group plc (NYSE:LYG)

Warren Street Wealth Advisors LLC lessened its holdings in Lloyds Banking Group plc (NYSE:LYG) by 29.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,808 shares of the financial services provider’s stock after selling 6,657 shares during the period. Warren Street Wealth Advisors LLC’s holdings in Lloyds Banking Group were worth $43,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. 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 worth $60,154,000 after buying an additional 2,472,263 shares in the last quarter. JPMorgan Chase & Co. raised its stake in 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 acquiring an additional 2,456,914 shares during the period. Raymond James & Associates grew its stake 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 valued at $10,659,000 after acquiring an additional 929,478 shares in the last quarter. Citigroup Inc. boosted its holdings in Lloyds Banking Group by 58.3% in the 3rd quarter. Citigroup Inc. now owns 1,703,943 shares of the financial services provider’s stock valued at $5,316,000 after purchasing an additional 627,592 shares during the period. Finally, Maverick Capital Ltd. purchased a new stake in shares of Lloyds Banking Group in the third quarter worth $1,405,000. Institutional investors own 2.15% of the company’s stock.

Lloyds Banking Group Price Performance

LYG stock opened at $3.18 on Thursday. The stock has a market cap of $48.18 billion, a PE ratio of 8.15 and a beta of 1.31. Lloyds Banking Group plc has a one year low of $2.00 and a one year high of $3.24. The firm has a 50 day simple moving average of $2.83 and a two-hundred day simple moving average of $2.91.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley cut Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, October 30th. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $2.75.

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.