Barclays PLC (NYSE:BCS) Stake Lowered by Whittier Trust Co.

Whittier Trust Co. cut its stake in shares of Barclays PLC (NYSE:BCS) by 56.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,335 shares of the financial services provider’s stock after selling 12,161 shares during the quarter. Whittier Trust Co.’s holdings in Barclays were worth $73,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Sage Rhino Capital LLC grew its holdings in shares of Barclays by 5.2% during the fourth quarter. Sage Rhino Capital LLC now owns 18,919 shares of the financial services provider’s stock valued at $196,000 after purchasing an additional 937 shares during the last quarter. Hancock Whitney Corp grew its holdings in shares of Barclays by 8.4% during the fourth quarter. Hancock Whitney Corp now owns 15,623 shares of the financial services provider’s stock valued at $162,000 after purchasing an additional 1,208 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in Barclays by 7.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 19,115 shares of the financial services provider’s stock worth $198,000 after buying an additional 1,292 shares in the last quarter. First Hawaiian Bank grew its holdings in Barclays by 9.8% in the 1st quarter. First Hawaiian Bank now owns 15,179 shares of the financial services provider’s stock worth $120,000 after buying an additional 1,351 shares in the last quarter. Finally, Shilanski & Associates Inc. grew its holdings in Barclays by 11.2% in the 1st quarter. Shilanski & Associates Inc. now owns 16,221 shares of the financial services provider’s stock worth $130,000 after buying an additional 1,634 shares in the last quarter. 2.56% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. increased their price objective on Barclays from GBX 170 ($2.03) to GBX 180 ($2.15) and gave the stock a “neutral” rating in a report on Wednesday, May 4th. Citigroup raised Barclays from a “neutral” rating to a “buy” rating in a report on Friday, April 22nd. BNP Paribas lowered Barclays from an “outperform” rating to a “neutral” rating in a report on Monday, March 28th. Exane BNP Paribas downgraded Barclays from an “outperform” rating to a “neutral” rating in a research report on Monday, March 28th. Finally, StockNews.com started coverage on Barclays in a research report on Thursday, March 31st. They issued a “buy” rating for the company. Nine analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $218.33.

Barclays Price Performance

Shares of NYSE:BCS opened at $7.62 on Friday. Barclays PLC has a one year low of $6.88 and a one year high of $12.20. The stock has a fifty day moving average of $7.88 and a 200-day moving average of $8.82. The company has a market capitalization of $31.86 billion, a PE ratio of 4.01, a price-to-earnings-growth ratio of 0.18 and a beta of 1.37. The company has a debt-to-equity ratio of 5.20, a quick ratio of 1.39 and a current ratio of 1.39.

Barclays (NYSE:BCSGet Rating) last announced its quarterly earnings data on Thursday, April 28th. The financial services provider reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). The company had revenue of $7.29 billion for the quarter, compared to analyst estimates of $7.39 billion. Barclays had a net margin of 27.33% and a return on equity of 8.42%. As a group, equities analysts anticipate that Barclays PLC will post 1.44 EPS for the current fiscal year.

Barclays Profile

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Barclays PLC, through its subsidiaries, provides various financial products and services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International divisions. It offers financial services, such as retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.

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Institutional Ownership by Quarter for Barclays (NYSE:BCS)

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