Envestnet Asset Management Inc. Sells 552,372 Shares of Barclays PLC (NYSE:BCS)

Envestnet Asset Management Inc. lessened its position in Barclays PLC (NYSE:BCS - Free Report) by 18.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,510,754 shares of the financial services provider's stock after selling 552,372 shares during the period. Envestnet Asset Management Inc. owned about 0.07% of Barclays worth $38,565,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Bank of America Corp DE raised its holdings in Barclays by 485.0% in the 4th 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 acquiring an additional 5,538,912 shares during the period. Northern Trust Corp lifted its holdings in Barclays by 20.5% during 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. Causeway Capital Management LLC boosted its stake in Barclays by 8.9% in the 4th quarter. Causeway Capital Management LLC now owns 5,930,467 shares of the financial services provider's stock valued at $78,816,000 after purchasing an additional 484,497 shares during the period. American Century Companies Inc. grew its holdings in Barclays by 9.8% in the 4th quarter. American Century Companies Inc. now owns 5,635,864 shares of the financial services provider's stock valued at $74,901,000 after buying an additional 505,351 shares in the last quarter. Finally, Natixis Advisors LLC increased its position in Barclays by 39.5% during the 4th quarter. Natixis Advisors LLC now owns 4,974,981 shares of the financial services provider's stock worth $66,117,000 after buying an additional 1,409,948 shares during the period. 3.39% of the stock is currently owned by institutional investors and hedge funds.

Barclays Price Performance

BCS traded up $0.25 on Monday, hitting $18.65. 15,991,161 shares of the stock were exchanged, compared to its average volume of 17,398,686. The firm has a market capitalization of $66.00 billion, a price-to-earnings ratio of 9.46, a PEG ratio of 0.45 and a beta of 1.10. The company has a debt-to-equity ratio of 5.75, a current ratio of 1.39 and a quick ratio of 1.39. Barclays PLC has a 12 month low of $10.23 and a 12 month high of $18.82. The business has a 50-day moving average of $17.70 and a two-hundred day moving average of $15.81.

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

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded shares of Barclays from a "buy" rating to a "hold" rating in a report on Sunday.

Barclays 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.