Corient Private Wealth LLC Sells 38,004 Shares of Barclays PLC $BCS

Corient Private Wealth LLC cut its stake in Barclays PLC (NYSE:BCS) by 58.5% during the second quarter, HoldingsChannel reports. The firm owned 27,003 shares of the financial services provider’s stock after selling 38,004 shares during the period. Corient Private Wealth LLC’s holdings in Barclays were worth $502,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Valeo Financial Advisors LLC grew its stake in Barclays by 6.7% in the 2nd quarter. Valeo Financial Advisors LLC now owns 22,645 shares of the financial services provider’s stock worth $421,000 after acquiring an additional 1,415 shares in the last quarter. Osaic Holdings Inc. boosted its holdings in shares of Barclays by 187.0% in the second quarter. Osaic Holdings Inc. now owns 188,078 shares of the financial services provider’s stock valued at $3,496,000 after purchasing an additional 122,557 shares during the period. Orion Porfolio Solutions LLC grew its stake in Barclays by 3.0% in the second quarter. Orion Porfolio Solutions LLC now owns 233,824 shares of the financial services provider’s stock worth $4,347,000 after purchasing an additional 6,819 shares in the last quarter. Neuberger Berman Group LLC increased its holdings in Barclays by 1.7% during the 2nd quarter. Neuberger Berman Group LLC now owns 384,357 shares of the financial services provider’s stock worth $7,145,000 after purchasing an additional 6,415 shares during the period. Finally, State of Wyoming bought a new stake in Barclays during the 2nd quarter valued at $118,000. Institutional investors own 3.39% of the company’s stock.

Barclays Stock Up 0.5%

NYSE:BCS opened at $25.75 on Monday. The company’s 50-day simple moving average is $22.51 and its 200-day simple moving average is $20.61. The company has a debt-to-equity ratio of 5.94, a quick ratio of 1.41 and a current ratio of 1.41. Barclays PLC has a fifty-two week low of $12.14 and a fifty-two week high of $25.76. The stock has a market capitalization of $89.51 billion, a P/E ratio of 11.86, a P/E/G ratio of 0.49 and a beta of 1.00.

Barclays (NYSE:BCS) last posted its earnings results on Tuesday, September 30th. The financial services provider reported $0.45 EPS for the quarter. The company had revenue of $9.21 billion during the quarter. Barclays had a net margin of 21.26% and a return on equity of 8.19%. On average, equities 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 research reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Barclays in a research report on Tuesday, December 23rd. Wall Street Zen cut shares of Barclays from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Royal Bank Of Canada reissued an “outperform” rating on shares of Barclays in a research report on Thursday, October 23rd. Morgan Stanley reaffirmed an “overweight” rating on shares of Barclays in a research report on Monday, November 24th. Finally, Zacks Research lowered shares of Barclays from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 28th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Barclays Company Profile

Barclays PLC (NYSE: BCS) is a British multinational bank and financial services company headquartered in London. The firm provides a broad range of banking and financial products to individual, corporate and institutional customers. Its core activities span retail and business banking, credit cards and payments, corporate and investment banking, and wealth and investment management.

In retail and business banking, Barclays offers deposit accounts, mortgages, personal and business loans, and card services.