Barclays PLC (NYSE:BCS) Shares Sold by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC cut its position in shares of Barclays PLC (NYSE:BCS) by 29.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,667 shares of the financial services provider’s stock after selling 7,551 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Barclays were worth $113,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of BCS. Natixis Advisors L.P. lifted its stake in Barclays by 231.7% during the second quarter. Natixis Advisors L.P. now owns 4,068,957 shares of the financial services provider’s stock valued at $30,924,000 after buying an additional 2,842,349 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Barclays by 326.2% during the first quarter. Renaissance Technologies LLC now owns 2,405,686 shares of the financial services provider’s stock valued at $19,005,000 after buying an additional 1,841,259 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in Barclays during the first quarter valued at about $13,274,000. Jane Street Group LLC lifted its stake in Barclays by 611.0% during the second quarter. Jane Street Group LLC now owns 1,678,838 shares of the financial services provider’s stock valued at $12,759,000 after buying an additional 1,442,726 shares in the last quarter. Finally, Quinn Opportunity Partners LLC lifted its stake in Barclays by 4,748.5% during the first quarter. Quinn Opportunity Partners LLC now owns 1,454,550 shares of the financial services provider’s stock valued at $11,491,000 after buying an additional 1,424,550 shares in the last quarter. 3.32% of the stock is owned by hedge funds and other institutional investors.

Barclays Stock Up 1.0 %

Shares of BCS stock opened at $8.46 on Friday. Barclays PLC has a 12 month low of $5.89 and a 12 month high of $12.20. The business’s 50 day moving average is $7.66 and its two-hundred day moving average is $7.54. The company has a market cap of $35.37 billion, a PE ratio of 5.64 and a beta of 1.31.

Barclays (NYSE:BCS – Get Rating) last posted its quarterly earnings data on Wednesday, October 26th. The financial services provider reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.10. Barclays had a return on equity of 6.93% and a net margin of 20.91%. The company had revenue of $7.01 billion during the quarter, compared to analysts’ expectations of $6.35 billion. As a group, equities analysts expect that Barclays PLC will post 1.75 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Credit Suisse Group upped their target price on Barclays from GBX 240 ($2.89) to GBX 250 ($3.01) and gave the company an “outperform” rating in a report on Friday, October 28th. BNP Paribas upgraded Barclays from a “neutral” rating to an “outperform” rating in a report on Wednesday, December 14th. StockNews.com downgraded Barclays from a “buy” rating to a “hold” rating in a report on Wednesday, December 28th. JPMorgan Chase & Co. upgraded Barclays from a “neutral” rating to an “overweight” rating in a report on Tuesday, December 6th. Finally, Exane BNP Paribas upgraded Barclays from a “neutral” rating to an “outperform” rating in a report on Wednesday, December 14th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $225.00.

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.