Kathmere Capital Management LLC Lowers Stake in Lloyds Banking Group plc (NYSE:LYG)

Kathmere Capital Management LLC cut its position in Lloyds Banking Group plc (NYSE:LYG) by 24.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 133,556 shares of the financial services provider’s stock after selling 43,886 shares during the quarter. Kathmere Capital Management LLC’s holdings in Lloyds Banking Group were worth $363,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wallace Advisory Group LLC increased its stake in Lloyds Banking Group by 93.3% in the 4th quarter. Wallace Advisory Group LLC now owns 40,709 shares of the financial services provider’s stock worth $111,000 after buying an additional 19,654 shares in the last quarter. Traveka Wealth LLC purchased a new stake in shares of Lloyds Banking Group during the fourth quarter worth about $76,000. Cooper Financial Group raised its stake in Lloyds Banking Group by 33.2% during the 4th quarter. Cooper Financial Group now owns 22,448 shares of the financial services provider’s stock valued at $61,000 after purchasing an additional 5,597 shares during the period. Brookstone Capital Management lifted its holdings in Lloyds Banking Group by 29.0% in the 4th quarter. Brookstone Capital Management now owns 48,910 shares of the financial services provider’s stock worth $133,000 after purchasing an additional 10,981 shares in the last quarter. Finally, Bard Financial Services Inc. boosted its stake in Lloyds Banking Group by 0.6% in the 4th quarter. Bard Financial Services Inc. now owns 2,426,305 shares of the financial services provider’s stock worth $6,600,000 after purchasing an additional 13,500 shares during the period. 2.15% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. The Goldman Sachs Group began coverage on shares of Lloyds Banking Group in a research report on Friday, October 4th. They set a “neutral” rating for the company. Morgan Stanley downgraded shares of Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a report on Wednesday, October 30th. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $2.75.

Lloyds Banking Group Stock Up 0.2 %

Lloyds Banking Group stock opened at $2.83 on Friday. Lloyds Banking Group plc has a 52-week low of $2.00 and a 52-week high of $3.24. The company has a market cap of $42.81 billion, a price-to-earnings ratio of 7.24 and a beta of 1.31. The firm’s fifty day moving average is $2.72 and its 200 day moving average is $2.91.

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.