Callan Capital LLC Sells 22,071 Shares of Lloyds Banking Group plc (NYSE:LYG)

Callan Capital LLC cut its holdings in Lloyds Banking Group plc (NYSE:LYG) by 22.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 75,273 shares of the financial services provider’s stock after selling 22,071 shares during the period. Callan Capital LLC’s holdings in Lloyds Banking Group were worth $205,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in LYG. Apollon Wealth Management LLC lifted its stake in shares of Lloyds Banking Group by 2.8% in the 4th quarter. Apollon Wealth Management LLC now owns 122,641 shares of the financial services provider’s stock valued at $334,000 after acquiring an additional 3,346 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in Lloyds Banking Group by 6.1% in the third quarter. Sequoia Financial Advisors LLC now owns 65,320 shares of the financial services provider’s stock valued at $204,000 after purchasing an additional 3,734 shares during the last quarter. Brio Consultants LLC boosted its stake in shares of Lloyds Banking Group by 30.2% during the fourth quarter. Brio Consultants LLC now owns 16,735 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 3,880 shares during the period. Baron Wealth Management LLC grew its holdings in shares of Lloyds Banking Group by 30.8% in the third quarter. Baron Wealth Management LLC now owns 16,851 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 3,969 shares during the last quarter. Finally, Stephens Inc. AR increased its stake in shares of Lloyds Banking Group by 3.0% in the fourth quarter. Stephens Inc. AR now owns 157,627 shares of the financial services provider’s stock worth $429,000 after buying an additional 4,553 shares during the period. 2.15% of the stock is currently owned by hedge funds and other institutional investors.

Lloyds Banking Group Stock Performance

LYG opened at $3.37 on Monday. The stock has a market capitalization of $51.11 billion, a PE ratio of 10.20 and a beta of 1.31. The stock’s 50 day moving average price is $2.91 and its 200-day moving average price is $2.93. Lloyds Banking Group plc has a 52-week low of $2.25 and a 52-week high of $3.40.

Lloyds Banking Group (NYSE:LYG) last issued its quarterly earnings data 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 net margin of 11.45% and a return on equity of 8.46%. The company had revenue of $9.46 billion for the quarter, compared to analysts’ expectations of $4.76 billion. Research analysts forecast that Lloyds Banking Group plc will post 0.27 EPS for the current fiscal year.

Analyst Ratings Changes

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