Atomi Financial Group Inc. Sells 133,725 Shares of Lloyds Banking Group plc (NYSE:LYG)

Atomi Financial Group Inc. reduced its position in shares of Lloyds Banking Group plc (NYSE:LYG) by 45.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 157,662 shares of the financial services provider’s stock after selling 133,725 shares during the quarter. Atomi Financial Group Inc.’s holdings in Lloyds Banking Group were worth $429,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Aletheian Wealth Advisors LLC purchased a new position in Lloyds Banking Group in the 3rd quarter worth approximately $34,000. Insigneo Advisory Services LLC bought a new stake in shares of Lloyds Banking Group in the 2nd quarter worth $42,000. Arkadios Wealth Advisors bought a new position in shares of Lloyds Banking Group during the third quarter valued at $42,000. Lazari Capital Management Inc. purchased a new stake in shares of Lloyds Banking Group during the second quarter valued at $46,000. Finally, OneAscent Financial Services LLC bought a new stake in Lloyds Banking Group in the 3rd quarter worth about $46,000. Institutional investors own 2.15% of the company’s stock.

Lloyds Banking Group Stock Down 0.8 %

NYSE LYG opened at $3.06 on Friday. The company has a 50-day moving average price of $2.74 and a 200-day moving average price of $2.91. Lloyds Banking Group plc has a 52 week low of $2.00 and a 52 week high of $3.24. The firm has a market capitalization of $46.29 billion, a P/E ratio of 7.83 and a beta of 1.31.

Lloyds Banking Group (NYSE:LYG) last announced its earnings results on Wednesday, October 23rd. The financial services provider reported $0.10 EPS for the quarter. The business had revenue of $10.41 billion during the quarter. Lloyds Banking Group had a net margin of 10.89% and a return on equity of 9.81%. During the same period in the prior year, the company posted $0.10 earnings per share. As a group, equities research analysts anticipate that Lloyds Banking Group plc will post 0.33 EPS for the current year.

Wall Street Analyst Weigh In

LYG has been the topic of a number of recent analyst reports. Morgan Stanley downgraded shares of Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a report on Wednesday, October 30th. The Goldman Sachs Group assumed coverage on shares of Lloyds Banking Group in a report on Friday, October 4th. They issued a “neutral” rating on the stock. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Lloyds Banking Group presently 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.