Bank of America Corp DE lowered its stake in Lloyds Banking Group PLC (NYSE:LYG) by 4.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,183,704 shares of the financial services provider’s stock after selling 596,756 shares during the period. Bank of America Corp DE’s holdings in Lloyds Banking Group PLC were worth $48,225,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of LYG. Boston Partners bought a new stake in shares of Lloyds Banking Group PLC during the first quarter valued at about $185,356,000. Mondrian Investment Partners LTD increased its stake in shares of Lloyds Banking Group PLC by 42.5% in the first quarter. Mondrian Investment Partners LTD now owns 12,655,206 shares of the financial services provider’s stock valued at $43,028,000 after buying an additional 3,774,868 shares during the period. UBS Group AG increased its stake in shares of Lloyds Banking Group PLC by 140.5% in the first quarter. UBS Group AG now owns 3,461,477 shares of the financial services provider’s stock valued at $11,769,000 after buying an additional 2,022,109 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Lloyds Banking Group PLC by 18.7% in the first quarter. Dimensional Fund Advisors LP now owns 10,764,956 shares of the financial services provider’s stock valued at $36,601,000 after buying an additional 1,697,943 shares during the period. Finally, Two Sigma Investments LP increased its stake in shares of Lloyds Banking Group PLC by 941.0% in the fourth quarter. Two Sigma Investments LP now owns 1,782,960 shares of the financial services provider’s stock valued at $5,527,000 after buying an additional 1,611,694 shares during the period. Hedge funds and other institutional investors own 1.96% of the company’s stock.

Lloyds Banking Group PLC (NYSE:LYG) opened at 3.47 on Tuesday. Lloyds Banking Group PLC has a 52 week low of $2.47 and a 52 week high of $4.34. The company has a market capitalization of $68.69 billion, a PE ratio of 22.83 and a beta of 0.89. The company has a 50-day moving average of $3.68 and a 200-day moving average of $3.42.

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LYG has been the subject of several research reports. Berenberg Bank downgraded shares of Lloyds Banking Group PLC from a “hold” rating to a “sell” rating in a research report on Monday, March 27th. Deutsche Bank AG upgraded shares of Lloyds Banking Group PLC from a “hold” rating to a “buy” rating in a research report on Monday, May 15th. Sanford C. Bernstein restated an “underperform” rating on shares of Lloyds Banking Group PLC in a research report on Tuesday, May 9th. Zacks Investment Research upgraded shares of Lloyds Banking Group PLC from a “sell” rating to a “hold” rating in a research report on Wednesday, March 15th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating on shares of Lloyds Banking Group PLC in a report on Monday, May 8th. Seven research analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $3.50.

Lloyds Banking Group PLC Company Profile

Lloyds Banking Group plc is a provider of financial services to individual and business customers in the United Kingdom. The Company’s main business activities are retail and commercial banking, general insurance, and long-term savings, protection and investment. The Company’s segments are Retail, Commercial Banking, Consumer Finance, Insurance and Other.

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Institutional Ownership by Quarter for Lloyds Banking Group PLC (NYSE:LYG)

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