Cedar Brook Financial Partners LLC Sells 5,137 Shares of Lloyds Banking Group PLC (NYSE:LYG)

Cedar Brook Financial Partners LLC reduced its holdings in shares of Lloyds Banking Group PLC (NYSE:LYG) by 19.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 21,559 shares of the financial services provider’s stock after selling 5,137 shares during the quarter. Cedar Brook Financial Partners LLC’s holdings in Lloyds Banking Group were worth $71,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. State Street Corp raised its position in shares of Lloyds Banking Group by 48.1% during the fourth quarter. State Street Corp now owns 26,579 shares of the financial services provider’s stock worth $88,000 after acquiring an additional 8,638 shares during the last quarter. Patton Albertson Miller Group LLC raised its position in shares of Lloyds Banking Group by 35.8% during the fourth quarter. Patton Albertson Miller Group LLC now owns 16,300 shares of the financial services provider’s stock worth $54,000 after acquiring an additional 4,300 shares during the last quarter. Signaturefd LLC raised its position in shares of Lloyds Banking Group by 15.5% during the fourth quarter. Signaturefd LLC now owns 76,366 shares of the financial services provider’s stock worth $253,000 after acquiring an additional 10,247 shares during the last quarter. Corient Capital Partners LLC raised its position in shares of Lloyds Banking Group by 8.8% during the fourth quarter. Corient Capital Partners LLC now owns 88,017 shares of the financial services provider’s stock worth $291,000 after acquiring an additional 7,083 shares during the last quarter. Finally, CAPROCK Group Inc. raised its position in shares of Lloyds Banking Group by 34.7% during the fourth quarter. CAPROCK Group Inc. now owns 38,356 shares of the financial services provider’s stock worth $127,000 after acquiring an additional 9,885 shares during the last quarter. Institutional investors and hedge funds own 1.92% of the company’s stock.

Several equities research analysts recently commented on the company. Citigroup cut Lloyds Banking Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 22nd. Goldman Sachs Group reaffirmed a “sell” rating on shares of Lloyds Banking Group in a research note on Monday, December 16th. Credit Suisse Group assumed coverage on Lloyds Banking Group in a research note on Tuesday. They set a “neutral” rating for the company. ValuEngine cut Lloyds Banking Group from a “hold” rating to a “sell” rating in a research note on Thursday. Finally, Zacks Investment Research raised Lloyds Banking Group from a “sell” rating to a “hold” rating in a research note on Friday. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $3.50.

NYSE LYG opened at $3.01 on Friday. The business has a 50 day simple moving average of $3.09 and a 200 day simple moving average of $2.86. Lloyds Banking Group PLC has a one year low of $2.30 and a one year high of $3.58. The stock has a market capitalization of $52.68 billion, a P/E ratio of 11.15 and a beta of 1.11.

Lloyds Banking Group Profile

Lloyds Banking Group plc provides banking and financial services under the Lloyds Bank, Halifax, Bank of Scotland, and Scottish Widows brands in the United Kingdom and internationally. It operates through three segments: Retail, Commercial Banking, and Insurance and Wealth. The Retail segment offers a range of financial service products, including current accounts, savings accounts, mortgages, motor finance, unsecured consumer loans, leasing solutions, and credit cards to personal and small business customers.

See Also: What is the Coverage Ratio?

Want to see what other hedge funds are holding LYG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lloyds Banking Group PLC (NYSE:LYG).

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

Receive News & Ratings for Lloyds Banking Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lloyds Banking Group and related companies with MarketBeat.com's FREE daily email newsletter.