Boston Partners Reduces Stake in Lloyds Banking Group PLC (NYSE:LYG)

Boston Partners reduced its holdings in Lloyds Banking Group PLC (NYSE:LYG) by 0.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 51,026,797 shares of the financial services provider’s stock after selling 357,999 shares during the quarter. Boston Partners owned about 6.31% of Lloyds Banking Group PLC worth $186,758,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Keybank National Association OH bought a new stake in Lloyds Banking Group PLC during the third quarter worth $123,000. Mondrian Investment Partners LTD grew its holdings in Lloyds Banking Group PLC by 6.4% during the third quarter. Mondrian Investment Partners LTD now owns 14,836,206 shares of the financial services provider’s stock worth $54,301,000 after buying an additional 890,000 shares in the last quarter. Searle & CO. purchased a new position in Lloyds Banking Group PLC in the third quarter worth $220,000. Crossmark Global Holdings Inc. purchased a new position in Lloyds Banking Group PLC in the third quarter worth $5,898,000. Finally, Aperio Group LLC boosted its position in Lloyds Banking Group PLC by 1.9% in the third quarter. Aperio Group LLC now owns 1,418,949 shares of the financial services provider’s stock worth $5,193,000 after purchasing an additional 26,273 shares during the last quarter. Hedge funds and other institutional investors own 2.16% of the company’s stock.

Several research analysts have weighed in on LYG shares. Zacks Investment Research raised Lloyds Banking Group PLC from a “hold” rating to a “buy” rating and set a $4.00 price target on the stock in a research report on Tuesday, September 26th. Credit Suisse Group raised Lloyds Banking Group PLC from a “neutral” rating to an “outperform” rating in a research report on Tuesday, October 10th. Goldman Sachs Group, Inc. (The) reiterated a “sell” rating on shares of Lloyds Banking Group PLC in a research note on Wednesday, September 6th. Finally, BidaskClub lowered Lloyds Banking Group PLC from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 2nd. Six equities research analysts have rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $4.00.

Shares of Lloyds Banking Group PLC (LYG) opened at $3.56 on Friday. The firm has a market capitalization of $64,045.95, a PE ratio of 6.59 and a beta of 0.75. Lloyds Banking Group PLC has a fifty-two week low of $2.86 and a fifty-two week high of $3.87. The company has a current ratio of 1.38, a quick ratio of 1.39 and a debt-to-equity ratio of 1.79.

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Lloyds Banking Group PLC Company Profile

Lloyds Banking Group plc is a provider of financial services to individual and business customers in the United Kingdom. The Company’s main business activities are retail and commercial banking, general insurance, and long-term savings, protection and investment. The Company’s segments are Retail, Commercial Banking, Consumer Finance, Insurance and Other.

Institutional Ownership by Quarter for Lloyds Banking Group PLC (NYSE:LYG)

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