Barclays PLC (NYSE:BCS) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lessened its stake in Barclays PLC (NYSE:BCS - Free Report) by 57.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 382,201 shares of the financial services provider's stock after selling 518,376 shares during the quarter. Bank of New York Mellon Corp's holdings in Barclays were worth $5,871,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in BCS. Bank of America Corp DE lifted its position in Barclays by 485.0% during the fourth quarter. Bank of America Corp DE now owns 6,680,869 shares of the financial services provider's stock valued at $88,789,000 after buying an additional 5,538,912 shares in the last quarter. Deutsche Bank AG acquired a new position in Barclays during the fourth quarter valued at approximately $50,189,000. Bank of Montreal Can lifted its holdings in shares of Barclays by 667.4% during the 4th quarter. Bank of Montreal Can now owns 3,603,127 shares of the financial services provider's stock valued at $47,886,000 after acquiring an additional 3,133,632 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Barclays by 423.9% during the 4th quarter. Wells Fargo & Company MN now owns 2,897,984 shares of the financial services provider's stock valued at $38,514,000 after acquiring an additional 2,344,858 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of Barclays during the 4th quarter valued at $26,932,000. Institutional investors and hedge funds own 3.39% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on BCS. Wall Street Zen cut Barclays from a "buy" rating to a "hold" rating in a research note on Sunday, July 13th. Citigroup downgraded shares of Barclays from a "buy" rating to a "neutral" rating in a research report on Friday, July 18th. Finally, Royal Bank Of Canada reiterated an "outperform" rating on shares of Barclays in a research note on Wednesday, July 16th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy".

Barclays Stock Up 1.1%

Shares of BCS traded up $0.21 during trading on Friday, reaching $19.61. The company's stock had a trading volume of 16,138,923 shares, compared to its average volume of 18,708,160. The company has a fifty day moving average of $18.17 and a two-hundred day moving average of $16.19. Barclays PLC has a twelve month low of $10.23 and a twelve month high of $19.66. The company has a market cap of $69.42 billion, a price-to-earnings ratio of 9.95, a P/E/G ratio of 0.47 and a beta of 1.10. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 5.75.

Barclays (NYSE:BCS - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.04. The firm had revenue of $10.32 billion for the quarter, compared to analysts' expectations of $8.37 billion. Barclays had a net margin of 21.27% and a return on equity of 8.04%. On average, sell-side analysts predict that Barclays PLC will post 2 EPS for the current fiscal year.

Barclays Company Profile

Barclays PLC provides various financial services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International division segments. It offers financial services, such as retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.