Mount Yale Investment Advisors LLC Sells 16,952 Shares of Lloyds Banking Group plc (NYSE:LYG)

Mount Yale Investment Advisors LLC trimmed its holdings in shares of Lloyds Banking Group plc (NYSE:LYG) by 9.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 159,409 shares of the financial services provider’s stock after selling 16,952 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Lloyds Banking Group were worth $434,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Aletheian Wealth Advisors LLC bought a new position in shares of Lloyds Banking Group in the third quarter worth approximately $34,000. Simon Quick Advisors LLC bought a new position in shares of Lloyds Banking Group in the 4th quarter worth $35,000. Cerro Pacific Wealth Advisors LLC purchased a new stake in shares of Lloyds Banking Group during the 4th quarter valued at $37,000. Arkadios Wealth Advisors bought a new stake in shares of Lloyds Banking Group during the 3rd quarter worth $42,000. Finally, OneAscent Financial Services LLC purchased a new position in Lloyds Banking Group in the third quarter worth $46,000. 2.15% of the stock is currently owned by institutional investors.

Lloyds Banking Group Stock Up 0.2 %

Shares of Lloyds Banking Group stock opened at $3.06 on Wednesday. The company has a market cap of $46.29 billion, a PE ratio of 7.83 and a beta of 1.31. The business has a 50 day moving average of $2.75 and a 200 day moving average of $2.91. Lloyds Banking Group plc has a 52 week low of $2.00 and a 52 week high of $3.24.

Analysts Set New Price Targets

LYG has been the subject of several research analyst reports. Morgan Stanley lowered Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, October 30th. The Goldman Sachs Group assumed coverage on shares of Lloyds Banking Group in a research report on Friday, October 4th. They set a “neutral” rating for the company. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently 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.