Cable Hill Partners LLC Decreases Stock Holdings in Lloyds Banking Group plc (NYSE:LYG)

Cable Hill Partners LLC reduced its position in shares of Lloyds Banking Group plc (NYSE:LYG) by 8.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 150,531 shares of the financial services provider’s stock after selling 14,702 shares during the period. Cable Hill Partners LLC’s holdings in Lloyds Banking Group were worth $409,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. lifted its position in Lloyds Banking Group by 58.5% in the third quarter. JPMorgan Chase & Co. now owns 6,659,629 shares of the financial services provider’s stock valued at $20,778,000 after acquiring an additional 2,456,914 shares during the last quarter. BNP Paribas Financial Markets purchased a new stake in Lloyds Banking Group in the third quarter valued at $1,035,000. US Bancorp DE lifted its position in Lloyds Banking Group by 36.6% in the third quarter. US Bancorp DE now owns 757,336 shares of the financial services provider’s stock valued at $2,363,000 after acquiring an additional 202,862 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Lloyds Banking Group by 20.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,055,584 shares of the financial services provider’s stock valued at $3,293,000 after acquiring an additional 180,178 shares during the last quarter. Finally, Citigroup Inc. raised its holdings in shares of Lloyds Banking Group by 58.3% in the third quarter. Citigroup Inc. now owns 1,703,943 shares of the financial services provider’s stock valued at $5,316,000 after buying an additional 627,592 shares during the last quarter. 2.15% of the stock is owned by hedge funds and other institutional investors.

Lloyds Banking Group Stock Up 3.2 %

Shares of Lloyds Banking Group stock opened at $3.66 on Thursday. Lloyds Banking Group plc has a 52-week low of $2.29 and a 52-week high of $3.70. The company’s 50-day simple moving average is $2.96 and its 200-day simple moving average is $2.95. The firm has a market cap of $55.65 billion, a price-to-earnings ratio of 11.10 and a beta of 1.31.

Lloyds Banking Group (NYSE:LYG) last issued its quarterly earnings results on Thursday, February 20th. The financial services provider reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). Lloyds Banking Group had a return on equity of 8.46% and a net margin of 11.45%. The firm had revenue of $9.46 billion for the quarter, compared to analyst estimates of $4.76 billion. Equities research analysts anticipate that Lloyds Banking Group plc will post 0.27 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley cut shares of Lloyds Banking Group from an “overweight” rating to an “equal weight” rating in a report on Wednesday, October 30th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Lloyds Banking Group has a consensus rating of “Hold” and a consensus price target of $2.75.

About Lloyds Banking Group

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.