Will Lloyds Banking Group’s Plans To Cut Jobs Give These Top Institutional Shareholders A Reason To Fret?

Lloyds Banking Group (NYSE:LYG) announced that they are cutting 940 jobs across their operations, insurance, retail, wealth, international and commercial divisions as they move to implement headcount reductions conceived in a previous strategic review. In June 2011, the bank had announced plans to cut 15,000 staff positions, thereby saving £1.5 billion.

Will Lloyds Banking Group PLC.’s shareholders increase their holdings? They reported owning a total of 1.043 million shares on 12/31/2012. The shares closed at $3.20 on 12/31/2012.

Here are the ten largest positions in Lloyds Banking Group plc at the end of December 31st, 2012.

Raymond James Financial Services Advisors Inc. held 674,528 shares on 12/31/2012 worth $2,158,490. This brought the portfolio total to 0.1%.

Calvert Investment Management Inc. held 169,042 shares on 12/31/2012 worth $540,934. This brought the portfolio total to 0.08%.

Commerzbank Aktiengesellschaft /FI held 166,500 shares on 12/31/2012 worth $532,800. This brought the portfolio total to 0.0%.

Creative Planning held 30,424 shares on 12/31/2012 worth $97,357. This brought the portfolio total to 0.0%.

WFG Advisors L.P. held 990 shares on 12/31/2012 worth $3,168. This brought the portfolio total to 0.0%.

DA Davidson & Co. held 692 shares on 12/31/2012 worth $2,214. This brought the portfolio total to 0.0%.

Haberer Registered Investment Advisor Inc. held 500 shares on 12/31/2012 worth $1,600. This brought the portfolio total to 0.0%.

Kessler Investment Group LLC. held 132 shares on 12/31/2012 worth $422. This brought the portfolio total to 0.0%.

BMO Financial Corp. held 0 shares on 12/31/2012 worth $0. This brought the portfolio total to %.

Franklin Resources Inc. held 7,266,446 shares on 09/30/2012 worth $18,093,451. This brought the portfolio total to 0.01%.

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