Schechter Investment Advisors LLC lessened its stake in Barclays PLC (NYSE:BCS - Free Report) by 80.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,748 shares of the financial services provider's stock after selling 51,105 shares during the quarter. Schechter Investment Advisors LLC's holdings in Barclays were worth $196,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its holdings in Barclays by 485.0% during the 4th quarter. Bank of America Corp DE now owns 6,680,869 shares of the financial services provider's stock worth $88,789,000 after buying an additional 5,538,912 shares during the last quarter. Deutsche Bank AG acquired a new position in Barclays during the 4th quarter worth approximately $50,189,000. Bank of Montreal Can increased its position in 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 worth $47,886,000 after purchasing an additional 3,133,632 shares during the period. Wells Fargo & Company MN boosted its stake 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 worth $38,514,000 after acquiring an additional 2,344,858 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in Barclays in the 4th quarter valued at approximately $26,932,000. Institutional investors and hedge funds own 3.39% of the company's stock.
Barclays Stock Down 0.6%
Shares of NYSE:BCS traded down $0.12 during trading on Friday, reaching $18.89. 23,648,913 shares of the company traded hands, compared to its average volume of 15,339,353. 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 PLC has a 1-year low of $10.23 and a 1-year high of $19.04. The firm has a fifty day simple moving average of $17.91 and a 200 day simple moving average of $15.93. The firm has a market cap of $66.87 billion, a P/E ratio of 9.59, a price-to-earnings-growth ratio of 0.45 and a beta of 1.10.
Barclays (NYSE:BCS - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.04. The company had revenue of $10.32 billion for 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%. Analysts anticipate that Barclays PLC will post 2 earnings per share for the current fiscal year.
Analyst Ratings Changes
BCS has been the topic of a number of recent analyst reports. Wall Street Zen lowered Barclays from a "buy" rating to a "hold" rating in a research note on Sunday, July 13th. Royal Bank Of Canada restated an "outperform" rating on shares of Barclays in a research note on Wednesday. Finally, Citigroup downgraded Barclays from a "buy" rating to a "neutral" rating in a research note on Friday. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy".
View Our Latest Stock Report on BCS
About Barclays
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Free Report)
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.
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