Lloyds Banking Group plc (NYSE:LYG) Shares Sold by Tranquilli Financial Advisor LLC

Tranquilli Financial Advisor LLC reduced its stake in shares of Lloyds Banking Group plc (NYSE:LYG) by 10.7% in the 4th quarter, Holdings Channel reports. The fund owned 48,814 shares of the financial services provider’s stock after selling 5,877 shares during the period. Tranquilli Financial Advisor LLC’s holdings in Lloyds Banking Group were worth $133,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Bank of Montreal Can increased its holdings in Lloyds Banking Group by 126.6% in the second quarter. Bank of Montreal Can now owns 140,574 shares of the financial services provider’s stock valued at $395,000 after buying an additional 78,530 shares in the last quarter. AQR Capital Management LLC raised its holdings in Lloyds Banking Group by 323.3% in the 2nd quarter. AQR Capital Management LLC now owns 136,599 shares of the financial services provider’s stock worth $373,000 after purchasing an additional 104,326 shares during the period. Creative Planning grew its holdings in Lloyds Banking Group by 24.6% in the second quarter. Creative Planning now owns 822,309 shares of the financial services provider’s stock valued at $2,245,000 after purchasing an additional 162,369 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in shares of Lloyds Banking Group by 25.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 106,165 shares of the financial services provider’s stock valued at $290,000 after buying an additional 21,709 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. acquired a new position in shares of Lloyds Banking Group during the 2nd quarter worth approximately $69,000. 2.15% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Morgan Stanley cut shares of Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, October 30th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $2.75.

Lloyds Banking Group Price Performance

NYSE LYG opened at $3.03 on Tuesday. Lloyds Banking Group plc has a 1-year low of $2.00 and a 1-year high of $3.24. The company has a market cap of $45.84 billion, a PE ratio of 7.76 and a beta of 1.31. The stock’s 50 day simple moving average is $2.78 and its 200-day simple moving average is $2.91.

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.