Arrowstreet Capital Limited Partnership Cuts Stock Position in Barclays PLC $BCS

Arrowstreet Capital Limited Partnership lowered its stake in Barclays PLC (NYSE:BCS) by 32.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,593,214 shares of the financial services provider’s stock after selling 1,726,700 shares during the period. Arrowstreet Capital Limited Partnership owned 0.10% of Barclays worth $91,447,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Atlas Capital Advisors Inc. purchased a new stake in shares of Barclays in the 4th quarter worth approximately $1,674,000. Kestra Advisory Services LLC grew its stake in shares of Barclays by 9.8% in the 4th quarter. Kestra Advisory Services LLC now owns 16,478 shares of the financial services provider’s stock worth $419,000 after buying an additional 1,470 shares during the last quarter. CreativeOne Wealth LLC purchased a new stake in Barclays during the 4th quarter valued at $777,000. Transamerica Financial Advisors LLC boosted its stake in Barclays by 172.3% during the 4th quarter. Transamerica Financial Advisors LLC now owns 2,372 shares of the financial services provider’s stock valued at $60,000 after purchasing an additional 1,501 shares during the last quarter. Finally, UMB Bank n.a. boosted its stake in Barclays by 25.6% during the 4th quarter. UMB Bank n.a. now owns 2,186 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 445 shares during the last quarter. Hedge funds and other institutional investors own 3.39% of the company’s stock.

Barclays Stock Performance

BCS stock opened at $25.63 on Tuesday. The company has a market cap of $87.37 billion, a P/E ratio of 10.68, a price-to-earnings-growth ratio of 0.47 and a beta of 1.01. Barclays PLC has a 1 year low of $17.22 and a 1 year high of $27.70. The company has a debt-to-equity ratio of 5.94, a current ratio of 1.44 and a quick ratio of 1.44. The stock’s fifty day moving average price is $23.68 and its 200-day moving average price is $24.09.

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

Analyst Upgrades and Downgrades

Several analysts have commented on BCS shares. Royal Bank Of Canada reiterated an “outperform” rating on shares of Barclays in a research note on Wednesday, April 29th. Zacks Research downgraded Barclays from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 19th. Erste Group Bank reiterated a “hold” rating on shares of Barclays in a research note on Thursday, March 5th. Citigroup reiterated a “neutral” rating on shares of Barclays in a research note on Thursday, April 23rd. Finally, BNP Paribas Exane downgraded Barclays from an “outperform” rating to a “neutral” rating in a research note on Tuesday, April 14th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Barclays has an average rating of “Moderate Buy”.

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.