Lloyds Banking Group plc (NYSE:LYG) Position Lessened by Dynamic Advisor Solutions LLC

Dynamic Advisor Solutions LLC lessened its stake in Lloyds Banking Group plc (NYSE:LYG - Free Report) by 88.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund 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 quarter.

Several other institutional investors also recently made changes to their positions in LYG. JPMorgan Chase & Co. grew its position in Lloyds Banking Group by 58.5% during the third quarter. JPMorgan Chase & Co. now owns 6,659,629 shares of the financial services provider's stock valued at $20,778,000 after acquiring an additional 2,456,914 shares during the period. BNP Paribas Financial Markets purchased a new stake in shares of Lloyds Banking Group during the 3rd quarter worth about $1,035,000. US Bancorp DE raised its holdings in Lloyds Banking Group by 36.6% in the third quarter. US Bancorp DE now owns 757,336 shares of the financial services provider's stock valued at $2,363,000 after buying an additional 202,862 shares during the period. Charles Schwab Investment Management Inc. lifted its position 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 valued at $3,293,000 after buying an additional 180,178 shares in the last quarter. Finally, Raymond James & Associates grew its stake 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 buying an additional 929,478 shares during the period. 2.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on LYG. Morgan Stanley downgraded 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 Lloyds Banking Group in a report on Friday, October 4th. They set a "neutral" rating on the stock. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Lloyds Banking Group presently has a consensus rating of "Hold" and an average price target of $2.75.

Lloyds Banking Group Stock Up 0.5 %

Shares of LYG traded up $0.02 during trading on Wednesday, reaching $3.09. The company's stock had a trading volume of 12,431,954 shares, compared to its average volume of 16,759,664. The company has a market cap of $46.75 billion, a price-to-earnings ratio of 7.91 and a beta of 1.31. The company has a fifty day moving average of $2.76 and a two-hundred day moving average of $2.91. Lloyds Banking Group plc has a twelve month low of $2.00 and a twelve month high of $3.24.

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.