Atomi Financial Group Inc. Cuts Stake in Lloyds Banking Group plc (NYSE:LYG)

Atomi Financial Group Inc. cut its position in Lloyds Banking Group plc (NYSE:LYG - Free Report) by 45.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm 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.

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

Lloyds Banking Group Stock Down 0.8 %

Shares of Lloyds Banking Group stock traded down $0.03 on Friday, hitting $3.06. The company's stock had a trading volume of 12,649,934 shares, compared to its average volume of 12,839,627. The firm has a fifty day moving average price of $2.75 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 company 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 - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $0.10 earnings per share (EPS) for the quarter. The firm had revenue of $10.41 billion during the quarter. Lloyds Banking Group had a return on equity of 9.81% and a net margin of 10.89%. During the same quarter in the prior year, the firm earned $0.10 earnings per share. As a group, analysts expect that Lloyds Banking Group plc will post 0.33 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on LYG shares. The Goldman Sachs Group assumed coverage on Lloyds Banking Group in a report on Friday, October 4th. They set a "neutral" rating on the stock. 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 given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $2.75.

Lloyds Banking Group 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.