Bard Financial Services Inc. Decreases Holdings in Lloyds Banking Group plc (NYSE:LYG)

Bard Financial Services Inc. cut its stake in shares of Lloyds Banking Group plc (NYSE:LYG) by 6.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,412,805 shares of the financial services provider’s stock after selling 159,500 shares during the period. Bard Financial Services Inc.’s holdings in Lloyds Banking Group were worth $7,528,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in LYG. Interchange Capital Partners LLC purchased a new stake in Lloyds Banking Group during the 2nd quarter valued at $28,000. Tcwp LLC purchased a new stake in Lloyds Banking Group during the 2nd quarter valued at $32,000. Aletheian Wealth Advisors LLC purchased a new stake in Lloyds Banking Group during the 3rd quarter valued at $34,000. Fiduciary Financial Group LLC purchased a new stake in Lloyds Banking Group during the 2nd quarter valued at $35,000. Finally, Rothschild Investment LLC purchased a new stake in shares of Lloyds Banking Group in the 2nd quarter worth $35,000. 2.15% of the stock is currently owned by hedge funds and other institutional investors.

Lloyds Banking Group Trading Up 4.5 %

Shares of LYG stock opened at $2.81 on Wednesday. Lloyds Banking Group plc has a 52-week low of $2.00 and a 52-week high of $3.24. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.48 and a current ratio of 1.45. The firm has a market capitalization of $42.98 billion, a PE ratio of 6.88 and a beta of 1.33. The stock has a fifty day simple moving average of $2.89 and a two-hundred day simple moving average of $2.92.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Kepler Capital Markets assumed coverage on Lloyds Banking Group in a research note on Thursday, September 5th. They issued a “hold” rating for the company. Morgan Stanley lowered Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, October 30th. Finally, The Goldman Sachs Group assumed coverage on Lloyds Banking Group in a research note on Friday, October 4th. They issued a “neutral” rating for the company. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average 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.