Dynamic Advisor Solutions LLC Sells 86,222 Shares of Lloyds Banking Group plc (NYSE:LYG)

Dynamic Advisor Solutions LLC decreased its position in shares of Lloyds Banking Group plc (NYSE:LYG - Free Report) by 88.7% during the fourth quarter, according to the company in its most recent disclosure 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 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Aletheian Wealth Advisors LLC purchased a new stake in Lloyds Banking Group during the 3rd quarter valued at $34,000. Simon Quick Advisors LLC purchased a new stake in shares of Lloyds Banking Group during the fourth quarter valued at $35,000. Cerro Pacific Wealth Advisors LLC bought a new stake in Lloyds Banking Group in the 4th quarter worth about $37,000. Arkadios Wealth Advisors bought a new position in Lloyds Banking Group during the 3rd quarter valued at about $42,000. Finally, Lazari Capital Management Inc. purchased a new stake in shares of Lloyds Banking Group during the 2nd quarter valued at about $46,000. Institutional investors own 2.15% of the company's stock.

Lloyds Banking Group Trading Down 1.5 %

NYSE LYG traded down $0.05 during trading hours on Friday, hitting $3.05. 13,338,415 shares of the company's stock traded hands, compared to its average volume of 15,573,458. Lloyds Banking Group plc has a 52 week low of $2.00 and a 52 week high of $3.24. The firm has a market capitalization of $46.14 billion, a P/E ratio of 7.81 and a beta of 1.31. The business's fifty day moving average price is $2.78 and its two-hundred day moving average price is $2.91.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on LYG. Morgan Stanley cut shares of 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 shares of Lloyds Banking Group in a research note on Friday, October 4th. They set a "neutral" rating for the company. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Lloyds Banking Group has a consensus 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.