First Affirmative Financial Network Trims Stock Position in Lloyds Banking Group plc (NYSE:LYG)

First Affirmative Financial Network decreased its position in Lloyds Banking Group plc (NYSE:LYG) by 11.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 79,447 shares of the financial services provider’s stock after selling 10,061 shares during the period. First Affirmative Financial Network’s holdings in Lloyds Banking Group were worth $216,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. BSW Wealth Partners lifted its holdings in shares of Lloyds Banking Group by 13.2% in the 4th quarter. BSW Wealth Partners now owns 41,939 shares of the financial services provider’s stock worth $114,000 after buying an additional 4,903 shares during the period. Patriot Financial Group Insurance Agency LLC lifted its stake in Lloyds Banking Group by 7.6% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 159,560 shares of the financial services provider’s stock worth $434,000 after acquiring an additional 11,279 shares during the period. Blue Trust Inc. grew its holdings in Lloyds Banking Group by 28.9% during the 4th quarter. Blue Trust Inc. now owns 272,479 shares of the financial services provider’s stock worth $741,000 after acquiring an additional 61,054 shares in the last quarter. Cerro Pacific Wealth Advisors LLC purchased a new position in Lloyds Banking Group during the 4th quarter valued at about $37,000. Finally, SG Americas Securities LLC bought a new stake in shares of Lloyds Banking Group in the 4th quarter valued at about $110,000. Institutional investors own 2.15% of the company’s stock.

Analysts Set New Price Targets

LYG has been the topic of several research reports. Morgan Stanley lowered shares of Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a report on Wednesday, October 30th. The Goldman Sachs Group began coverage on Lloyds Banking Group in a research report on Friday, October 4th. They issued a “neutral” rating for the company. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $2.75.

Lloyds Banking Group Trading Up 0.8 %

NYSE LYG opened at $3.09 on Friday. The firm’s fifty day simple moving average is $2.76 and its two-hundred day simple moving average is $2.91. The firm has a market capitalization of $46.75 billion, a P/E ratio of 7.91 and a beta of 1.31. Lloyds Banking Group plc has a 12-month low of $2.00 and a 12-month high of $3.24.

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.