Lloyds Banking Group plc (NYSE:LYG) Shares Sold by CarsonAllaria Wealth Management Ltd.

CarsonAllaria Wealth Management Ltd. cut its position in shares of Lloyds Banking Group plc (NYSE:LYG) by 15.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 35,394 shares of the financial services provider’s stock after selling 6,416 shares during the period. CarsonAllaria Wealth Management Ltd.’s holdings in Lloyds Banking Group were worth $96,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the business. Lazari Capital Management Inc. lifted its position 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 buying 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% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 65,320 shares of the financial services provider’s stock worth $204,000 after purchasing an additional 3,734 shares during the period. Brio Consultants LLC lifted its holdings in shares of Lloyds Banking Group by 30.2% in the 4th quarter. Brio Consultants LLC now owns 16,735 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 3,880 shares during the last quarter. Baron Wealth Management LLC grew its stake in Lloyds Banking Group by 30.8% during the 3rd quarter. Baron Wealth Management LLC now owns 16,851 shares of the financial services provider’s stock worth $53,000 after buying an additional 3,969 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC increased its position in Lloyds Banking Group by 4.7% in the third quarter. Dynamic Advisor Solutions LLC now owns 97,258 shares of the financial services provider’s stock worth $303,000 after buying an additional 4,337 shares during the period. Institutional investors and hedge funds own 2.15% of the company’s stock.

Lloyds Banking Group Price Performance

NYSE LYG opened at $3.06 on Wednesday. The firm has a market capitalization of $46.29 billion, a PE ratio of 7.83 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. The company’s 50 day simple moving average is $2.78 and its 200 day simple moving average is $2.91.

Analyst Ratings Changes

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