Crossmark Global Holdings Inc. Lowers Stock Holdings in Lloyds Banking Group plc (NYSE:LYG)

Crossmark Global Holdings Inc. trimmed its stake in shares of Lloyds Banking Group plc (NYSE:LYG) by 1.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,813,230 shares of the financial services provider’s stock after selling 80,833 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Lloyds Banking Group were worth $13,092,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. raised its stake in shares of Lloyds Banking Group by 58.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,659,629 shares of the financial services provider’s stock worth $20,778,000 after buying an additional 2,456,914 shares in the last quarter. BNP Paribas Financial Markets acquired a new stake in shares of Lloyds Banking Group in the third quarter valued at about $1,035,000. US Bancorp DE increased its stake in Lloyds Banking Group by 36.6% in the 3rd quarter. US Bancorp DE now owns 757,336 shares of the financial services provider’s stock valued at $2,363,000 after purchasing an additional 202,862 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Lloyds Banking Group by 20.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,055,584 shares of the financial services provider’s stock worth $3,293,000 after purchasing an additional 180,178 shares during the last quarter. Finally, Raymond James & Associates boosted its position in Lloyds Banking Group by 37.4% during the third quarter. Raymond James & Associates now owns 3,416,484 shares of the financial services provider’s stock worth $10,659,000 after purchasing an additional 929,478 shares in the last quarter. Institutional investors and hedge funds own 2.15% of the company’s stock.

Analysts Set New Price Targets

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

Lloyds Banking Group Trading Up 0.9 %

Shares of LYG stock opened at $2.86 on Tuesday. The company has a market capitalization of $43.26 billion, a price-to-earnings ratio of 7.32 and a beta of 1.31. The firm has a 50-day moving average price of $2.73 and a 200 day moving average price of $2.91. Lloyds Banking Group plc has a twelve month low of $2.00 and a twelve month high of $3.24.

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.