Lloyds Banking Group plc (NYSE:LYG) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lowered its stake in Lloyds Banking Group plc (NYSE:LYG) by 1.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,813,230 shares of the financial services provider’s stock after selling 80,833 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Lloyds Banking Group were worth $13,092,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in LYG. FMR LLC raised its holdings in shares of Lloyds Banking Group by 14.7% in the 3rd quarter. FMR LLC now owns 19,280,034 shares of the financial services provider’s stock valued at $60,154,000 after buying an additional 2,472,263 shares during the period. Clearbridge Investments LLC acquired a new stake in shares of Lloyds Banking Group during the second quarter worth about $36,252,000. Envestnet Asset Management Inc. boosted its stake in shares of 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 valued at $23,415,000 after purchasing an additional 2,841,956 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Lloyds Banking Group by 58.5% in the third quarter. JPMorgan Chase & Co. now owns 6,659,629 shares of the financial services provider’s stock valued at $20,778,000 after purchasing an additional 2,456,914 shares in the last quarter. Finally, Raymond James & Associates increased its stake in Lloyds Banking Group by 37.4% during the 3rd quarter. Raymond James & Associates now owns 3,416,484 shares of the financial services provider’s stock worth $10,659,000 after buying an additional 929,478 shares during the period. Hedge funds and other institutional investors own 2.15% of the company’s stock.

Lloyds Banking Group Stock Performance

Shares of LYG stock opened at $2.86 on Tuesday. The stock’s 50-day moving average is $2.73 and its two-hundred day moving average is $2.91. Lloyds Banking Group plc has a 1 year low of $2.00 and a 1 year high of $3.24. The firm has a market cap of $43.26 billion, a price-to-earnings ratio of 7.32 and a beta of 1.31.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on LYG shares. The Goldman Sachs Group initiated coverage on shares of Lloyds Banking Group in a research note on Friday, October 4th. They issued a “neutral” rating for the company. Morgan Stanley cut Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, October 30th. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average 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.