Ameriprise Financial Inc. Sells 38,328 Shares of Barclays PLC (NYSE:BCS)

Ameriprise Financial Inc. cut its stake in Barclays PLC (NYSE:BCS - Free Report) by 11.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 285,676 shares of the financial services provider's stock after selling 38,328 shares during the period. Ameriprise Financial Inc.'s holdings in Barclays were worth $3,797,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Mercer Global Advisors Inc. ADV bought a new position in Barclays during the fourth quarter valued at about $3,915,000. Rehmann Capital Advisory Group lifted its holdings in shares of Barclays by 41.1% during the 4th quarter. Rehmann Capital Advisory Group now owns 37,031 shares of the financial services provider's stock valued at $492,000 after buying an additional 10,788 shares during the last quarter. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Barclays during the 4th quarter valued at about $4,044,000. AQR Capital Management LLC lifted its holdings in Barclays by 62.3% in the 4th quarter. AQR Capital Management LLC now owns 381,369 shares of the financial services provider's stock worth $5,068,000 after purchasing an additional 146,406 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in Barclays by 20.5% in the 4th quarter. Northern Trust Corp now owns 6,059,544 shares of the financial services provider's stock worth $80,531,000 after purchasing an additional 1,029,401 shares during the last quarter. 3.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on BCS shares. Wall Street Zen lowered Barclays from a "buy" rating to a "hold" rating in a report on Thursday, February 27th. BNP Paribas upgraded Barclays from a "neutral" rating to an "outperform" rating in a research report on Tuesday, March 4th.

Barclays Trading Up 0.9%

Shares of BCS traded up $0.16 during trading hours on Thursday, hitting $17.81. 18,591,271 shares of the stock traded hands, compared to its average volume of 14,699,581. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 5.33. Barclays PLC has a 1-year low of $10.17 and a 1-year high of $17.96. The firm has a market capitalization of $63.52 billion, a PE ratio of 9.68, a price-to-earnings-growth ratio of 0.39 and a beta of 1.10. The business has a fifty day moving average of $15.72 and a 200-day moving average of $14.74.

Barclays (NYSE:BCS - Get Free Report) last released its earnings results on Wednesday, April 30th. The financial services provider reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.04. Barclays had a return on equity of 7.74% and a net margin of 20.81%. The firm had revenue of $10.32 billion for the quarter, compared to analyst estimates of $8.37 billion. Analysts expect that Barclays PLC will post 2 EPS for the current year.

About Barclays

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.