Timber Creek Capital Management LLC Sells 189,635 Shares of Lloyds Banking Group plc (NYSE:LYG)

Timber Creek Capital Management LLC cut its position in Lloyds Banking Group plc (NYSE:LYG - Free Report) by 13.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,185,279 shares of the financial services provider's stock after selling 189,635 shares during the quarter. Timber Creek Capital Management LLC's holdings in Lloyds Banking Group were worth $3,698,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Russell Investments Group Ltd. raised its stake in Lloyds Banking Group by 138.2% in the first quarter. Russell Investments Group Ltd. now owns 26,453 shares of the financial services provider's stock valued at $69,000 after purchasing an additional 15,348 shares in the last quarter. Cetera Investment Advisers grew its position in Lloyds Banking Group by 1,653.7% in the first quarter. Cetera Investment Advisers now owns 1,214,920 shares of the financial services provider's stock valued at $3,147,000 after acquiring an additional 1,145,643 shares during the last quarter. Cetera Advisors LLC grew its position in Lloyds Banking Group by 14.0% in the first quarter. Cetera Advisors LLC now owns 272,764 shares of the financial services provider's stock valued at $706,000 after acquiring an additional 33,473 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in Lloyds Banking Group by 44.6% in the first quarter. EverSource Wealth Advisors LLC now owns 16,072 shares of the financial services provider's stock valued at $41,000 after acquiring an additional 4,955 shares during the last quarter. Finally, Transcend Capital Advisors LLC bought a new position in Lloyds Banking Group in the second quarter valued at about $28,000. Institutional investors and hedge funds own 2.15% of the company's stock.

Lloyds Banking Group Trading Up 0.7 %

Shares of Lloyds Banking Group stock traded up $0.02 during midday trading on Friday, reaching $2.70. The company had a trading volume of 4,122,799 shares, compared to its average volume of 8,770,741. Lloyds Banking Group plc has a fifty-two week low of $2.00 and a fifty-two week high of $3.24. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.45 and a quick ratio of 1.48. The stock has a fifty day moving average price of $2.94 and a 200 day moving average price of $2.92. The firm has a market cap of $41.29 billion, a PE ratio of 6.92 and a beta of 1.35.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on LYG shares. Citigroup cut Lloyds Banking Group from a "buy" rating to a "neutral" rating in a report on Monday, August 5th. Kepler Capital Markets started coverage on Lloyds Banking Group in a report on Thursday, September 5th. They set a "hold" rating on the stock. Morgan Stanley cut Lloyds Banking Group from an "overweight" rating to an "equal weight" rating in a report on Wednesday, October 30th. Finally, The Goldman Sachs Group started 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 given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price 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.