Dimensional Fund Advisors LP lessened its holdings in shares of Barclays PLC (NYSE:BCS) by 0.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,462,584 shares of the financial services provider’s stock after selling 80,051 shares during the period. Dimensional Fund Advisors LP owned about 0.32% of Barclays worth $120,490,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the business. Morningstar Investment Services LLC raised its position in Barclays by 14.1% in the 2nd quarter. Morningstar Investment Services LLC now owns 80,739 shares of the financial services provider’s stock valued at $810,000 after purchasing an additional 9,964 shares in the last quarter. CIBC World Markets Inc. raised its position in Barclays by 5.6% in the 2nd quarter. CIBC World Markets Inc. now owns 1,111,213 shares of the financial services provider’s stock valued at $11,145,000 after purchasing an additional 58,618 shares in the last quarter. Stevens Capital Management LP acquired a new stake in Barclays in the 2nd quarter valued at about $1,405,000. Private Advisor Group LLC raised its position in Barclays by 26.4% in the 2nd quarter. Private Advisor Group LLC now owns 27,998 shares of the financial services provider’s stock valued at $279,000 after purchasing an additional 5,852 shares in the last quarter. Finally, Sawtooth Solutions LLC raised its position in Barclays by 29.4% in the 2nd quarter. Sawtooth Solutions LLC now owns 34,152 shares of the financial services provider’s stock valued at $342,000 after purchasing an additional 7,766 shares in the last quarter. Hedge funds and other institutional investors own 3.24% of the company’s stock.
Shares of NYSE BCS opened at $7.73 on Friday. The company has a current ratio of 1.52, a quick ratio of 1.50 and a debt-to-equity ratio of 4.99. Barclays PLC has a fifty-two week low of $7.69 and a fifty-two week high of $12.55. The stock has a market cap of $33.66 billion, a PE ratio of 6.15, a price-to-earnings-growth ratio of 0.36 and a beta of 0.67.
Barclays (NYSE:BCS) last issued its earnings results on Wednesday, October 24th. The financial services provider reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.11. Barclays had a return on equity of 6.30% and a net margin of 1.94%. The business had revenue of $6.68 billion for the quarter, compared to analyst estimates of $6.76 billion. Equities analysts forecast that Barclays PLC will post 1.09 EPS for the current year.
BCS has been the topic of a number of analyst reports. Berenberg Bank raised Barclays from a “hold” rating to a “buy” rating in a research report on Monday, October 1st. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Barclays in a research report on Tuesday, September 4th. Zacks Investment Research lowered Barclays from a “hold” rating to a “sell” rating in a research report on Friday, August 10th. Credit Suisse Group reissued a “neutral” rating on shares of Barclays in a research report on Friday, November 9th. Finally, ValuEngine raised Barclays from a “strong sell” rating to a “sell” rating in a research report on Tuesday, October 30th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $11.00.
Barclays Company Profile
Barclays PLC, through its subsidiaries, provides various financial products and services in the United Kingdom, other European countries, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International divisions. It offers personal and business banking services; credit and debit cards; international banking; and private banking services, which include investment, wealth planning, and credit and specialist solutions to high net worth and ultra-high net worth clients, and family offices.
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