Claro Advisors LLC Has $126,000 Stock Position in Lloyds Banking Group plc (NYSE:LYG)

Claro Advisors LLC cut its stake in shares of Lloyds Banking Group plc (NYSE:LYG) by 9.0% in the third quarter, Holdings Channel reports. The firm owned 40,521 shares of the financial services provider’s stock after selling 3,992 shares during the quarter. Claro Advisors LLC’s holdings in Lloyds Banking Group were worth $126,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in LYG. Clearbridge Investments LLC acquired a new position in shares of Lloyds Banking Group during the 2nd quarter worth about $36,252,000. Envestnet Asset Management Inc. raised its holdings in Lloyds Banking Group by 49.6% in the second quarter. Envestnet Asset Management Inc. now owns 8,577,101 shares of the financial services provider’s stock worth $23,415,000 after purchasing an additional 2,841,956 shares during the period. Raymond James & Associates boosted its position in shares of Lloyds Banking Group by 114.5% during the second quarter. Raymond James & Associates now owns 2,487,006 shares of the financial services provider’s stock worth $6,790,000 after purchasing an additional 1,327,589 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of Lloyds Banking Group by 1,653.7% in the 1st quarter. Cetera Investment Advisers now owns 1,214,920 shares of the financial services provider’s stock valued at $3,147,000 after buying an additional 1,145,643 shares during the period. Finally, First Eagle Investment Management LLC increased its position in shares of Lloyds Banking Group by 25.3% in the 2nd quarter. First Eagle Investment Management LLC now owns 5,087,379 shares of the financial services provider’s stock valued at $13,889,000 after buying an additional 1,026,639 shares in the last quarter. Institutional investors own 2.15% of the company’s stock.

Lloyds Banking Group Stock Down 1.4 %

Lloyds Banking Group stock opened at $2.79 on Wednesday. The company has a fifty day simple moving average of $3.00 and a 200 day simple moving average of $2.92. The company has a current ratio of 1.45, a quick ratio of 1.48 and a debt-to-equity ratio of 1.76. Lloyds Banking Group plc has a 1-year low of $2.00 and a 1-year high of $3.24. The company has a market cap of $42.67 billion, a P/E ratio of 7.15 and a beta of 1.35.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on LYG shares. Royal Bank of Canada cut Lloyds Banking Group from an “outperform” rating to a “sector perform” rating in a research note on Friday, July 26th. Kepler Capital Markets assumed coverage on shares of Lloyds Banking Group in a report on Thursday, September 5th. They set a “hold” rating on the stock. The Goldman Sachs Group assumed coverage on shares of Lloyds Banking Group in a report on Friday, October 4th. They issued a “neutral” rating for the company. Citigroup cut shares of Lloyds Banking Group from a “buy” rating to a “neutral” rating in a research report on Monday, August 5th. Finally, UBS Group reissued a “neutral” rating on shares of Lloyds Banking Group in a research note on Tuesday, July 30th. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Lloyds Banking Group has a consensus rating of “Hold” and an average target price 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.