Gator Capital Management LLC Sells 40,540 Shares of Barclays PLC $BCS

Gator Capital Management LLC reduced its stake in shares of Barclays PLC (NYSE:BCS) by 7.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 476,895 shares of the financial services provider’s stock after selling 40,540 shares during the quarter. Barclays accounts for approximately 2.5% of Gator Capital Management LLC’s portfolio, making the stock its 6th largest holding. Gator Capital Management LLC’s holdings in Barclays were worth $12,137,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Todd Asset Management LLC raised its position in shares of Barclays by 4.0% in the third quarter. Todd Asset Management LLC now owns 3,516,095 shares of the financial services provider’s stock valued at $72,678,000 after buying an additional 134,560 shares during the last quarter. Cibc World Market Inc. boosted its position in shares of Barclays by 226.9% in the third quarter. Cibc World Market Inc. now owns 262,678 shares of the financial services provider’s stock worth $5,430,000 after acquiring an additional 182,318 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Barclays by 39.2% in the third quarter. American Century Companies Inc. now owns 4,841,068 shares of the financial services provider’s stock worth $100,065,000 after acquiring an additional 1,362,247 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its position in shares of Barclays by 6.1% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 2,239,040 shares of the financial services provider’s stock worth $46,281,000 after acquiring an additional 129,700 shares during the last quarter. Finally, Prospera Financial Services Inc boosted its position in shares of Barclays by 235.3% in the third quarter. Prospera Financial Services Inc now owns 72,187 shares of the financial services provider’s stock worth $1,492,000 after acquiring an additional 50,661 shares during the last quarter. 3.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on BCS. Weiss Ratings lowered Barclays from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, April 21st. BNP Paribas Exane cut Barclays from an “outperform” rating to a “neutral” rating in a research note on Tuesday, April 14th. Piper Sandler upgraded Barclays from an “overweight” rating to a “buy” rating in a research note on Friday. Citigroup restated a “neutral” rating on shares of Barclays in a research note on Thursday, April 23rd. Finally, Zacks Research cut Barclays from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 19th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

Barclays Price Performance

BCS stock opened at $25.44 on Friday. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 5.94. Barclays PLC has a one year low of $17.22 and a one year high of $27.70. The firm has a market capitalization of $86.71 billion, a PE ratio of 10.60, a P/E/G ratio of 0.46 and a beta of 1.01. The firm has a 50-day moving average of $23.60 and a two-hundred day moving average of $24.04.

Barclays (NYSE:BCS) last released its quarterly earnings data on Monday, April 27th. The financial services provider reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.01. The firm had revenue of $5.07 billion for the quarter, compared to analyst estimates of $10.88 billion. Barclays had a net margin of 21.10% and a return on equity of 8.12%. On average, analysts forecast that Barclays PLC will post 2.75 earnings per share for the current year.

About Barclays

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.