Contravisory Investment Management Inc. Has $8.54 Million Stock Position in Barclays PLC $BCS

Contravisory Investment Management Inc. cut its holdings in shares of Barclays PLC (NYSE:BCS) by 5.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 403,705 shares of the financial services provider’s stock after selling 23,011 shares during the period. Barclays makes up 1.7% of Contravisory Investment Management Inc.’s holdings, making the stock its 23rd biggest holding. Contravisory Investment Management Inc.’s holdings in Barclays were worth $8,542,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank bought a new stake in Barclays during the 4th quarter worth approximately $141,248,000. Ameriprise Financial Inc. lifted its holdings in shares of Barclays by 793.5% in the third quarter. Ameriprise Financial Inc. now owns 4,777,017 shares of the financial services provider’s stock valued at $99,073,000 after purchasing an additional 4,242,360 shares in the last quarter. Fisher Asset Management LLC boosted its position in shares of Barclays by 4.3% during the fourth quarter. Fisher Asset Management LLC now owns 89,750,069 shares of the financial services provider’s stock valued at $2,284,139,000 after buying an additional 3,722,757 shares during the last quarter. Main Street Research LLC bought a new stake in Barclays during the third quarter worth $35,035,000. Finally, BNP Paribas Financial Markets raised its position in Barclays by 7,013.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,671,369 shares of the financial services provider’s stock valued at $31,071,000 after buying an additional 1,647,872 shares during the last quarter. Institutional investors and hedge funds own 3.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Zacks Research cut Barclays from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 19th. BNP Paribas Exane downgraded shares of Barclays from an “outperform” rating to a “neutral” rating in a report on Tuesday, April 14th. Erste Group Bank reissued a “hold” rating on shares of Barclays in a research report on Thursday, March 5th. Berenberg Bank assumed coverage on shares of Barclays in a report on Wednesday. They set a “buy” rating on the stock. Finally, Citigroup reaffirmed a “neutral” rating on shares of Barclays in a research report on Thursday, April 23rd. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Barclays Stock Up 2.6%

BCS stock opened at $27.30 on Friday. The stock’s fifty day simple moving average is $24.26 and its two-hundred day simple moving average is $24.30. 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 1-year low of $17.73 and a 1-year high of $27.70. The stock has a market cap of $93.06 billion, a P/E ratio of 11.38, a P/E/G ratio of 0.46 and a beta of 1.01.

Barclays (NYSE:BCS) last announced its earnings results on Monday, April 27th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.01. The firm had revenue of $5.07 billion during the quarter, compared to analyst estimates of $10.88 billion. Barclays had a return on equity of 8.12% and a net margin of 21.10%. Analysts expect that Barclays PLC will post 2.83 EPS for the current year.

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.