FDx Advisors Inc. Sells 53,857 Shares of Lloyds Banking Group PLC (LYG)

FDx Advisors Inc. lowered its position in Lloyds Banking Group PLC (NYSE:LYG) by 38.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 87,543 shares of the financial services provider’s stock after selling 53,857 shares during the quarter. FDx Advisors Inc.’s holdings in Lloyds Banking Group were worth $266,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in LYG. Canada Pension Plan Investment Board acquired a new position in shares of Lloyds Banking Group in the third quarter valued at approximately $10,184,000. Credit Suisse AG acquired a new position in shares of Lloyds Banking Group in the third quarter valued at approximately $9,125,000. Mondrian Investment Partners LTD increased its stake in shares of Lloyds Banking Group by 8.4% in the third quarter. Mondrian Investment Partners LTD now owns 16,884,206 shares of the financial services provider’s stock valued at $51,328,000 after buying an additional 1,308,000 shares during the period. Cambiar Investors LLC increased its stake in shares of Lloyds Banking Group by 2.9% in the third quarter. Cambiar Investors LLC now owns 40,517,017 shares of the financial services provider’s stock valued at $123,172,000 after buying an additional 1,152,516 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of Lloyds Banking Group by 146.4% in the third quarter. JPMorgan Chase & Co. now owns 1,836,496 shares of the financial services provider’s stock valued at $5,584,000 after buying an additional 1,091,025 shares during the period. 2.36% of the stock is owned by institutional investors.

Several research analysts have recently issued reports on the company. Zacks Investment Research downgraded Lloyds Banking Group from a “hold” rating to a “sell” rating in a research note on Tuesday. Macquarie raised Lloyds Banking Group from an “underperform” rating to a “neutral” rating in a research note on Thursday, October 25th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Lloyds Banking Group in a research note on Tuesday, September 4th. Berenberg Bank raised Lloyds Banking Group from a “sell” rating to a “hold” rating in a research note on Tuesday, September 4th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Lloyds Banking Group in a research note on Tuesday, August 14th. Three analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $4.25.

NYSE:LYG opened at $2.72 on Friday. The company has a market cap of $49.55 billion, a price-to-earnings ratio of 4.95 and a beta of 0.79. Lloyds Banking Group PLC has a fifty-two week low of $2.68 and a fifty-two week high of $4.21.

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Lloyds Banking Group Profile

Lloyds Banking Group plc provides banking and financial services under the Lloyds Bank, Halifax, Bank of Scotland, and Scottish Widows brands in the United Kingdom and internationally. The company operates through three segments: Retail, Commercial Banking, and Insurance and Wealth. The Retail segment offers a range of financial service products, including current accounts, savings accounts, mortgages, motor finance, and unsecured consumer lending products to personal and small business customers.

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Institutional Ownership by Quarter for Lloyds Banking Group (NYSE:LYG)

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