First Trust Direct Indexing L.P. Sells 10,294 Shares of Lloyds Banking Group plc (NYSE:LYG)

First Trust Direct Indexing L.P. decreased its position in shares of Lloyds Banking Group plc (NYSE:LYG) by 3.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 269,710 shares of the financial services provider’s stock after selling 10,294 shares during the period. First Trust Direct Indexing L.P.’s holdings in Lloyds Banking Group were worth $841,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in LYG. Allspring Global Investments Holdings LLC bought a new position in Lloyds Banking Group during the 1st quarter worth $87,000. Prosperity Consulting Group LLC increased its position in shares of Lloyds Banking Group by 86.5% in the first quarter. Prosperity Consulting Group LLC now owns 87,958 shares of the financial services provider’s stock worth $228,000 after purchasing an additional 40,783 shares during the period. Janney Montgomery Scott LLC increased its position in shares of Lloyds Banking Group by 19.3% in the first quarter. Janney Montgomery Scott LLC now owns 266,603 shares of the financial services provider’s stock worth $691,000 after purchasing an additional 43,150 shares during the period. Callan Capital LLC increased its position in shares of Lloyds Banking Group by 28.1% in the first quarter. Callan Capital LLC now owns 51,918 shares of the financial services provider’s stock worth $134,000 after purchasing an additional 11,391 shares during the period. Finally, Catalina Capital Group LLC bought a new position in shares of Lloyds Banking Group in the first quarter worth $42,000. Institutional investors own 2.15% of the company’s stock.

Analyst Upgrades and Downgrades

LYG has been the topic of a number of recent analyst reports. BNP Paribas upgraded Lloyds Banking Group from a “neutral” rating to an “outperform” rating in a research report on Friday, July 5th. UBS Group restated a “neutral” rating on shares of Lloyds Banking Group in a research report on Tuesday, July 30th. Kepler Capital Markets assumed coverage on Lloyds Banking Group in a research report on Thursday, September 5th. They issued a “hold” rating on the stock. Morgan Stanley lowered Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a research note on Wednesday. Finally, The Goldman Sachs Group assumed coverage on Lloyds Banking Group in a research note on Friday, October 4th. They issued a “neutral” rating on the stock. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $2.75.

Lloyds Banking Group Stock Performance

NYSE:LYG opened at $2.79 on Friday. The stock’s 50-day simple moving average is $3.05 and its 200 day simple moving average is $2.90. Lloyds Banking Group plc has a twelve month low of $1.98 and a twelve month high of $3.24. The firm has a market capitalization of $42.88 billion, a PE ratio of 7.15 and a beta of 1.34. 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 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.