Timber Creek Capital Management LLC Purchases 7,384 Shares of Lloyds Banking Group plc (NYSE:LYG)

Timber Creek Capital Management LLC raised its holdings in shares of Lloyds Banking Group plc (NYSE:LYG) by 0.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,192,663 shares of the financial services provider’s stock after acquiring an additional 7,384 shares during the quarter. Timber Creek Capital Management LLC’s holdings in Lloyds Banking Group were worth $3,244,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in LYG. Apollon Wealth Management LLC lifted its holdings in Lloyds Banking Group by 2.8% in the 4th quarter. Apollon Wealth Management LLC now owns 122,641 shares of the financial services provider’s stock worth $334,000 after purchasing an additional 3,346 shares in the last quarter. Lazari Capital Management Inc. lifted its holdings in shares of Lloyds Banking Group by 19.8% in the third 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 in the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of Lloyds Banking Group by 6.1% during the third quarter. Sequoia Financial Advisors LLC now owns 65,320 shares of the financial services provider’s stock worth $204,000 after acquiring an additional 3,734 shares during the last quarter. Brio Consultants LLC grew its stake in Lloyds Banking Group by 30.2% during the fourth quarter. Brio Consultants LLC now owns 16,735 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 3,880 shares in the last quarter. Finally, Baron Wealth Management LLC increased its holdings in Lloyds Banking Group by 30.8% in the 3rd quarter. Baron Wealth Management LLC now owns 16,851 shares of the financial services provider’s stock valued at $53,000 after acquiring an additional 3,969 shares during the last quarter. 2.15% of the stock is currently owned by hedge funds and other institutional investors.

Lloyds Banking Group Stock Down 1.1 %

Shares of NYSE:LYG opened at $3.19 on Wednesday. The firm has a fifty day simple moving average of $2.88 and a two-hundred day simple moving average of $2.92. Lloyds Banking Group plc has a 52 week low of $2.13 and a 52 week high of $3.24. The stock has a market capitalization of $48.37 billion, a P/E ratio of 8.17 and a beta of 1.31.

Wall Street Analysts Forecast Growth

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