Dorsey Wright & Associates Sells 22,985 Shares of Barclays PLC (NYSE:BCS)

Dorsey Wright & Associates cut its stake in shares of Barclays PLC (NYSE:BCS - Free Report) by 10.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 188,061 shares of the financial services provider's stock after selling 22,985 shares during the period. Dorsey Wright & Associates' holdings in Barclays were worth $2,889,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Bank of America Corp DE raised 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 period. Deutsche Bank AG purchased a new position in shares of Barclays in the fourth quarter worth approximately $50,189,000. Bank of Montreal Can raised its holdings in shares of Barclays by 667.4% during the fourth 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 during the period. Wells Fargo & Company MN lifted its position in shares of Barclays by 423.9% in 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 Barclays in the 4th quarter worth approximately $26,932,000. 3.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on BCS shares. Citigroup downgraded shares of Barclays from a "buy" rating to a "neutral" rating in a research note on Friday, July 18th. Royal Bank Of Canada reissued an "outperform" rating on shares of Barclays in a research report on Wednesday, July 16th. Finally, Wall Street Zen downgraded Barclays from a "buy" rating to a "hold" rating in a research note on Sunday, July 13th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Barclays currently has a consensus rating of "Moderate Buy".

Barclays Stock Down 0.3%

Shares of NYSE:BCS traded down $0.07 during trading on Thursday, reaching $19.40. 20,715,215 shares of the company traded hands, compared to its average volume of 18,244,100. Barclays PLC has a 1-year low of $10.23 and a 1-year high of $19.66. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 5.75. The firm has a market cap of $68.66 billion, a P/E ratio of 9.85, a price-to-earnings-growth ratio of 0.47 and a beta of 1.10. The firm has a fifty day simple moving average of $18.12 and a 200 day simple moving average of $16.13.

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

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.