Dynamic Advisor Solutions LLC Has $30,000 Position in Lloyds Banking Group plc (NYSE:LYG)

Dynamic Advisor Solutions LLC trimmed its stake in shares of Lloyds Banking Group plc (NYSE:LYG) by 88.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 11,036 shares of the financial services provider’s stock after selling 86,222 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Lloyds Banking Group were worth $30,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in LYG. Cerro Pacific Wealth Advisors LLC bought a new position in shares of Lloyds Banking Group in the 4th quarter valued at $37,000. SG Americas Securities LLC bought a new position in Lloyds Banking Group in the fourth quarter valued at about $110,000. Cetera Trust Company N.A grew its holdings in shares of Lloyds Banking Group by 8.5% during the fourth quarter. Cetera Trust Company N.A now owns 97,075 shares of the financial services provider’s stock worth $264,000 after purchasing an additional 7,600 shares during the last quarter. Simon Quick Advisors LLC acquired a new position in shares of Lloyds Banking Group in the fourth quarter valued at approximately $35,000. Finally, HF Advisory Group LLC raised its holdings in Lloyds Banking Group by 3.7% in the 4th quarter. HF Advisory Group LLC now owns 343,028 shares of the financial services provider’s stock valued at $933,000 after buying an additional 12,258 shares during the last quarter. Institutional investors and hedge funds own 2.15% of the company’s stock.

Lloyds Banking Group Stock Up 0.2 %

LYG opened at $3.06 on Wednesday. The stock has a market cap of $46.29 billion, a PE ratio of 7.83 and a beta of 1.31. Lloyds Banking Group plc has a twelve month low of $2.00 and a twelve month high of $3.24. The company has a fifty day moving average of $2.75 and a 200-day moving average of $2.91.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. The Goldman Sachs Group began coverage on shares of Lloyds Banking Group in a research report on Friday, October 4th. They issued a “neutral” rating for the company. Morgan Stanley downgraded 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 company’s stock. According to data from MarketBeat, the stock currently has a consensus 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.