Cambiar Investors LLC Lowers Position in Barclays PLC $BCS

Cambiar Investors LLC lowered its stake in shares of Barclays PLC (NYSE:BCS) by 3.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 887,631 shares of the financial services provider’s stock after selling 35,737 shares during the period. Cambiar Investors LLC’s holdings in Barclays were worth $18,347,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Barclays in the 2nd quarter worth $27,000. Mark Sheptoff Financial Planning LLC purchased a new position in shares of Barclays in the 2nd quarter worth about $28,000. Mather Group LLC. acquired a new position in shares of Barclays in the 3rd quarter valued at about $30,000. Salomon & Ludwin LLC grew its holdings in shares of Barclays by 2,673.6% during the 3rd quarter. Salomon & Ludwin LLC now owns 1,470 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 1,417 shares during the period. Finally, True Wealth Design LLC acquired a new stake in Barclays during the 3rd quarter worth approximately $31,000. 3.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on BCS. Wall Street Zen cut shares of Barclays from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Morgan Stanley reaffirmed an “overweight” rating on shares of Barclays in a research report on Monday, November 24th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Barclays in a report on Tuesday, December 23rd. Citigroup restated a “neutral” rating on shares of Barclays in a research note on Thursday, January 22nd. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Barclays in a research note on Thursday, October 23rd. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Barclays Stock Up 3.0%

Shares of Barclays stock opened at $27.18 on Wednesday. Barclays PLC has a 1-year low of $12.14 and a 1-year high of $27.20. The company has a market capitalization of $94.19 billion, a PE ratio of 12.52, a P/E/G ratio of 0.40 and a beta of 0.98. The company has a debt-to-equity ratio of 5.94, a current ratio of 1.41 and a quick ratio of 1.41. The business has a 50-day moving average of $24.58 and a 200-day moving average of $21.83.

Barclays (NYSE:BCS) last released its quarterly earnings results on Tuesday, September 30th. The financial services provider reported $0.45 EPS for the quarter. Barclays had a return on equity of 8.19% and a net margin of 21.26%.The business had revenue of $9.21 billion for the quarter. As a group, equities analysts forecast that Barclays PLC will post 2 EPS for the current fiscal year.

Barclays 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.