Mondrian Investment Partners reduces stake in Lloyds Banking Group
1 report, 1 independent
Updated Oct 25
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What happened
Mondrian Investment Partners LTD reduced its holdings in Lloyds Banking Group PLC by 5.3% during the third quarter, according to a disclosure with the Securities and Exchange Commission. The firm sold 2,630,970 shares, leaving it with 47,314,255 shares.
From themarketsdaily.com
Why it matters
The reduction means Lloyds Banking Group represents 5.8% of Mondrian Investment Partners LTD’s investment portfolio. This action occurs while other institutional investors, including Bank of America Corp DE and Squarepoint Ops LLC, have recently increased their positions in the financial services provider.
From themarketsdaily.com
Who's involved
- Lloyds Banking GroupFinancial institution whose shares were sold by an institutional investor