Lloyds Banking Group plc (NYSE:LYG) Shares Sold by DRW Securities LLC

DRW Securities LLC cut its stake in Lloyds Banking Group plc (NYSE:LYG) by 35.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 262,011 shares of the financial services provider’s stock after selling 142,780 shares during the period. DRW Securities LLC’s holdings in Lloyds Banking Group were worth $817,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Independent Advisor Alliance increased its position in Lloyds Banking Group by 8.5% in the third quarter. Independent Advisor Alliance now owns 71,629 shares of the financial services provider’s stock worth $223,000 after buying an additional 5,628 shares during the period. Cerity Partners LLC increased its position in Lloyds Banking Group by 73.3% in the third quarter. Cerity Partners LLC now owns 687,833 shares of the financial services provider’s stock worth $2,146,000 after buying an additional 290,927 shares during the period. Citigroup Inc. increased its position in Lloyds Banking Group by 58.3% in the third quarter. Citigroup Inc. now owns 1,703,943 shares of the financial services provider’s stock worth $5,316,000 after buying an additional 627,592 shares during the period. Raymond James Trust N.A. increased its position in Lloyds Banking Group by 43.1% in the third quarter. Raymond James Trust N.A. now owns 51,412 shares of the financial services provider’s stock worth $160,000 after buying an additional 15,478 shares during the period. Finally, Eagle Asset Management Inc. increased its position in Lloyds Banking Group by 10.4% in the third quarter. Eagle Asset Management Inc. now owns 153,224 shares of the financial services provider’s stock worth $478,000 after buying an additional 14,420 shares during the period. 2.15% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

LYG has been the subject of several recent analyst reports. Morgan Stanley cut Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, October 30th. Citigroup cut Lloyds Banking Group from a “buy” rating to a “neutral” rating in a research note on Monday, August 5th. Kepler Capital Markets initiated coverage on Lloyds Banking Group in a research note on Thursday, September 5th. They issued a “hold” rating for the company. UBS Group reissued a “neutral” rating on shares of Lloyds Banking Group in a research note on Tuesday, July 30th. Finally, The Goldman Sachs Group initiated coverage on Lloyds Banking Group in a research note on Friday, October 4th. They issued a “neutral” rating for the company. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Lloyds Banking Group has an average rating of “Hold” and an average price target of $2.75.

Lloyds Banking Group Trading Up 0.7 %

Shares of LYG stock opened at $2.75 on Tuesday. The stock has a 50-day simple moving average of $2.98 and a 200 day simple moving average of $2.92. Lloyds Banking Group plc has a fifty-two week low of $2.00 and a fifty-two week high of $3.24. The stock has a market capitalization of $42.06 billion, a P/E ratio of 7.05 and a beta of 1.35. The company has a quick ratio of 1.48, a current ratio of 1.45 and a debt-to-equity ratio of 1.76.

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.