Janney Capital Management LLC Lowers Position in Lloyds Banking Group plc (NYSE:LYG)

Janney Capital Management LLC lowered its position in shares of Lloyds Banking Group plc (NYSE:LYG - Free Report) by 1.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,685,732 shares of the financial services provider's stock after selling 88,138 shares during the period. Janney Capital Management LLC's holdings in Lloyds Banking Group were worth $12,745,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC grew its position in shares of Lloyds Banking Group by 14.7% in the 3rd quarter. FMR LLC now owns 19,280,034 shares of the financial services provider's stock valued at $60,154,000 after buying an additional 2,472,263 shares during the last quarter. Clearbridge Investments LLC bought a new stake in shares of Lloyds Banking Group in the 2nd quarter valued at about $36,252,000. JPMorgan Chase & Co. grew its position in shares of Lloyds Banking Group by 58.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,659,629 shares of the financial services provider's stock valued at $20,778,000 after buying an additional 2,456,914 shares during the last quarter. Crossmark Global Holdings Inc. grew its position in shares of Lloyds Banking Group by 0.4% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 4,894,063 shares of the financial services provider's stock valued at $15,269,000 after buying an additional 18,494 shares during the last quarter. Finally, Raymond James & Associates grew its position in shares of Lloyds Banking Group by 37.4% in the 3rd quarter. Raymond James & Associates now owns 3,416,484 shares of the financial services provider's stock valued at $10,659,000 after buying an additional 929,478 shares during the last quarter. Institutional investors own 2.15% of the company's stock.

Lloyds Banking Group Stock Performance

Shares of NYSE:LYG traded up $0.07 during midday trading on Thursday, reaching $3.08. The company's stock had a trading volume of 20,678,361 shares, compared to its average volume of 17,525,311. The firm has a market capitalization of $46.59 billion, a price-to-earnings ratio of 7.88 and a beta of 1.31. The firm has a 50 day moving average price of $2.74 and a two-hundred day moving average price of $2.91. Lloyds Banking Group plc has a fifty-two week low of $2.00 and a fifty-two week high of $3.24.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on LYG shares. The Goldman Sachs Group started coverage on Lloyds Banking Group in a research report on Friday, October 4th. They issued a "neutral" rating on the stock. Morgan Stanley lowered Lloyds Banking Group from an "overweight" rating to an "equal weight" rating in a research report on Wednesday, October 30th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus 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.