Trexquant Investment LP Decreases Holdings in Barclays PLC $BCS

Key Points

• Trexquant Investment LP significantly reduced its stake in Barclays PLC, decreasing its holdings by 42.3% to 403,701 shares.
• Despite the reduction by Trexquant, several other funds made new investments in Barclays during the same period, indicating ongoing institutional interest.
• Barclays recently reported earnings, surpassing expectations with a $0.62 EPS compared to a consensus estimate of $0.50, reflecting strong financial performance.

Trexquant Investment LP decreased its position in shares of Barclays PLC (NYSE:BCS - Free Report) by 42.3% during the first quarter, according to its most recent filing with the SEC. The firm owned 403,701 shares of the financial services provider's stock after selling 296,281 shares during the period. Trexquant Investment LP's holdings in Barclays were worth $6,201,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BCS. Bank of America Corp DE grew its holdings in shares of 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 acquiring an additional 5,538,912 shares during the period. Natixis Advisors LLC grew its holdings in shares of Barclays by 78.7% during the 1st quarter. Natixis Advisors LLC now owns 8,892,766 shares of the financial services provider's stock worth $136,593,000 after acquiring an additional 3,917,785 shares during the period. Deutsche Bank AG purchased a new position in shares of Barclays during the 4th quarter worth approximately $50,189,000. Duquesne Family Office LLC grew its holdings in shares of Barclays by 58.7% during the 4th quarter. Duquesne Family Office LLC now owns 3,186,855 shares of the financial services provider's stock worth $42,353,000 after acquiring an additional 1,179,100 shares during the period. Finally, Northern Trust Corp grew its holdings in shares of 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 acquiring an additional 1,029,401 shares during the period. Hedge funds and other institutional investors own 3.39% of the company's stock.

Analyst Ratings Changes

BCS has been the topic of a number of research analyst reports. Wall Street Zen downgraded Barclays from a "buy" rating to a "hold" rating in a report on Sunday, July 13th. Morgan Stanley reissued an "overweight" rating on shares of Barclays in a research report on Tuesday. Royal Bank Of Canada reissued an "outperform" rating on shares of Barclays in a research report on Wednesday, July 16th. Finally, Citigroup cut Barclays from a "buy" rating to a "neutral" rating in a research report on Friday, July 18th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy".

Barclays Stock Up 2.2%

BCS stock traded up $0.43 during midday trading on Thursday, hitting $20.11. The company's stock had a trading volume of 11,458,929 shares, compared to its average volume of 16,775,492. The company has a market cap of $70.99 billion, a PE ratio of 9.27, a P/E/G ratio of 0.47 and a beta of 1.14. Barclays PLC has a 12 month low of $11.22 and a 12 month high of $20.58. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 5.70. The firm's 50-day moving average is $19.39 and its 200-day moving average is $17.25.

Barclays (NYSE:BCS - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.12. The business had revenue of $9.58 billion for the quarter, compared to analysts' expectations of $7.06 billion. Barclays had a return on equity of 8.49% and a net margin of 22.11%. On average, equities research analysts forecast that Barclays PLC will post 2 earnings per share for the current fiscal year.

Barclays Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Tuesday, September 16th. Investors of record on Friday, August 8th will be given a $0.1557 dividend. The ex-dividend date of this dividend is Friday, August 8th. This represents a yield of 210.0%. Barclays's dividend payout ratio is 14.29%.

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.