First Affirmative Financial Network Sells 10,061 Shares of Lloyds Banking Group plc (NYSE:LYG)

First Affirmative Financial Network reduced its position in Lloyds Banking Group plc (NYSE:LYG) by 11.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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.

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

Analyst Ratings Changes

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

Lloyds Banking Group Price Performance

Shares of NYSE:LYG opened at $3.09 on Friday. The business has a 50 day simple moving average of $2.76 and a two-hundred day simple moving average of $2.91. Lloyds Banking Group plc has a 1 year low of $2.00 and a 1 year high of $3.24. The firm has a market capitalization of $46.75 billion, a PE ratio of 7.91 and a beta of 1.31.

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.