Apollon Wealth Management LLC Sells 16,645 Shares of Lloyds Banking Group plc (NYSE:LYG)

Apollon Wealth Management LLC decreased its position in Lloyds Banking Group plc (NYSE:LYG) by 12.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 119,295 shares of the financial services provider’s stock after selling 16,645 shares during the quarter. Apollon Wealth Management LLC’s holdings in Lloyds Banking Group were worth $372,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Lazari Capital Management Inc. grew its holdings in shares of Lloyds Banking Group by 19.8% in the 3rd quarter. Lazari Capital Management Inc. now owns 20,391 shares of the financial services provider’s stock worth $64,000 after purchasing an additional 3,371 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in shares of Lloyds Banking Group by 6.1% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 65,320 shares of the financial services provider’s stock valued at $204,000 after acquiring an additional 3,734 shares during the period. Patriot Financial Group Insurance Agency LLC raised its position in shares of Lloyds Banking Group by 2.8% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 135,436 shares of the financial services provider’s stock valued at $370,000 after acquiring an additional 3,752 shares during the period. AMG National Trust Bank raised its holdings in Lloyds Banking Group by 0.4% during the 2nd quarter. AMG National Trust Bank now owns 1,001,075 shares of the financial services provider’s stock worth $2,733,000 after buying an additional 3,976 shares during the period. Finally, Angeles Investment Advisors LLC lifted its stake in Lloyds Banking Group by 38.6% in the second quarter. Angeles Investment Advisors LLC now owns 15,290 shares of the financial services provider’s stock valued at $42,000 after buying an additional 4,262 shares in the last quarter. Institutional investors own 2.15% of the company’s stock.

Lloyds Banking Group Trading Up 2.5 %

Shares of LYG opened at $2.83 on Monday. The business has a 50-day moving average of $3.00 and a 200 day moving average of $2.92. Lloyds Banking Group plc has a fifty-two week low of $2.00 and a fifty-two week high of $3.24. The firm has a market cap of $43.50 billion, a P/E ratio of 7.26 and a beta of 1.35. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.48 and a current ratio of 1.45.

Analyst Ratings Changes

A number of brokerages have recently commented on LYG. Morgan Stanley lowered shares of Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, October 30th. Royal Bank of Canada downgraded shares of Lloyds Banking Group from an “outperform” rating to a “sector perform” rating in a report on Friday, July 26th. Kepler Capital Markets assumed coverage on shares of Lloyds Banking Group in a report on Thursday, September 5th. They issued a “hold” rating on the stock. UBS Group restated a “neutral” rating on shares of Lloyds Banking Group in a research note on Tuesday, July 30th. Finally, The Goldman Sachs Group started coverage on shares of Lloyds Banking Group in a research report on Friday, October 4th. They set a “neutral” rating for the company. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $2.75.

About Lloyds Banking Group

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.