Callan Capital LLC Sells 22,071 Shares of Lloyds Banking Group plc (NYSE:LYG)

Callan Capital LLC lessened its holdings in shares of Lloyds Banking Group plc (NYSE:LYG) by 22.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 75,273 shares of the financial services provider’s stock after selling 22,071 shares during the period. Callan Capital LLC’s holdings in Lloyds Banking Group were worth $205,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Brentview Investment Management LLC bought a new stake in Lloyds Banking Group during the fourth quarter worth about $31,000. Aletheian Wealth Advisors LLC bought a new stake in shares of Lloyds Banking Group in the 3rd quarter worth approximately $34,000. Simon Quick Advisors LLC bought a new stake in shares of Lloyds Banking Group in the 4th quarter worth approximately $35,000. Cerro Pacific Wealth Advisors LLC bought a new position in Lloyds Banking Group during the 4th quarter valued at approximately $37,000. Finally, CIBC Asset Management Inc purchased a new position in Lloyds Banking Group during the fourth quarter valued at $38,000. 2.15% of the stock is currently owned by institutional investors.

Lloyds Banking Group Stock Up 1.1 %

Shares of LYG opened at $3.37 on Monday. Lloyds Banking Group plc has a twelve month low of $2.25 and a twelve month high of $3.40. The company has a market capitalization of $51.11 billion, a P/E ratio of 10.20 and a beta of 1.31. The firm has a 50 day moving average of $2.91 and a 200 day moving average of $2.93.

Lloyds Banking Group (NYSE:LYG) last posted its earnings results on Thursday, February 20th. The financial services provider reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). The business had revenue of $9.46 billion during the quarter, compared to the consensus estimate of $4.76 billion. Lloyds Banking Group had a return on equity of 8.46% and a net margin of 11.45%. On average, sell-side analysts expect that Lloyds Banking Group plc will post 0.27 EPS for the current year.

Analysts Set New Price Targets

Separately, Morgan Stanley cut Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, October 30th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target 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.