Lloyds Banking Group PLC (NYSE:LYG) Stake Lessened by First Hawaiian Bank

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First Hawaiian Bank lessened its stake in Lloyds Banking Group PLC (NYSE:LYG) by 13.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,939 shares of the financial services provider’s stock after selling 3,842 shares during the period. First Hawaiian Bank’s holdings in Lloyds Banking Group were worth $71,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of LYG. MML Investors Services LLC increased its stake in Lloyds Banking Group by 1.3% during the first quarter. MML Investors Services LLC now owns 302,118 shares of the financial services provider’s stock valued at $970,000 after purchasing an additional 3,919 shares during the last quarter. AMG National Trust Bank increased its stake in Lloyds Banking Group by 0.6% during the first quarter. AMG National Trust Bank now owns 781,151 shares of the financial services provider’s stock valued at $2,507,000 after purchasing an additional 4,415 shares during the last quarter. Lourd Capital LLC increased its stake in Lloyds Banking Group by 44.9% during the second quarter. Lourd Capital LLC now owns 15,824 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 4,900 shares during the last quarter. Cornerstone Advisors Inc. increased its stake in Lloyds Banking Group by 69.3% during the first quarter. Cornerstone Advisors Inc. now owns 13,935 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 5,702 shares during the last quarter. Finally, Parallel Advisors LLC boosted its holdings in shares of Lloyds Banking Group by 106.3% during the first quarter. Parallel Advisors LLC now owns 12,096 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 6,232 shares during the period. Institutional investors and hedge funds own 1.91% of the company’s stock.

LYG has been the subject of several analyst reports. Bank of America downgraded shares of Lloyds Banking Group from a “buy” rating to an “underperform” rating in a report on Thursday, April 18th. Davy Research raised shares of Lloyds Banking Group from a “neutral” rating to an “outperform” rating in a report on Tuesday, May 28th. Keefe, Bruyette & Woods downgraded shares of Lloyds Banking Group from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 28th. JPMorgan Chase & Co. downgraded shares of Lloyds Banking Group from an “overweight” rating to a “neutral” rating in a report on Tuesday, July 16th. Finally, Zacks Investment Research downgraded shares of Lloyds Banking Group from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $3.75.

LYG stock opened at $2.41 on Tuesday. The firm has a market capitalization of $44.14 billion, a P/E ratio of 4.62 and a beta of 1.03. The business has a 50-day moving average of $2.80. Lloyds Banking Group PLC has a fifty-two week low of $2.38 and a fifty-two week high of $3.46. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 2.36.

About Lloyds Banking Group

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.

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

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