Lloyds unveiled plans to sell a further 15% stake in SJP yesterday evening, following the Prudential Regulation Authority's approval of the bank's capital adequacy plans.
The sale breaks the one year lock-up Lloyds originally agreed to when it sold a 20% stake in SJP in March.
The 77 million shares in SJP were sold at a £5.80 per share.
Lloyds inherited a 60% stake in SJP when took over HBOS in 2008.
At the start of 2013 Lloyds owned a 57% share of SJP. The bank now owns 21%, or 110 million shares, of the advice group.