Barclays PLC (NYSE:BCS) Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC trimmed its position in shares of Barclays PLC (NYSE:BCS – Get Rating) by 46.5% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,669 shares of the financial services provider’s stock after selling 36,231 shares during the period. Park Avenue Securities LLC’s holdings in Barclays were worth $267,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. M&T Bank Corp lifted its stake in Barclays by 16.1% during the second quarter. M&T Bank Corp now owns 73,924 shares of the financial services provider’s stock worth $472,000 after purchasing an additional 10,247 shares in the last quarter. FDx Advisors Inc. acquired a new stake in shares of Barclays in the second quarter valued at $242,000. Wipfli Financial Advisors LLC acquired a new stake in shares of Barclays in the third quarter valued at $245,000. OLD Mission Capital LLC acquired a new stake in shares of Barclays in the second quarter valued at $77,000. Finally, Sage Rhino Capital LLC raised its stake in shares of Barclays by 17.3% in the second quarter. Sage Rhino Capital LLC now owns 18,707 shares of the financial services provider’s stock valued at $142,000 after acquiring an additional 2,760 shares in the last quarter. 3.32% of the stock is currently owned by institutional investors and hedge funds.

Barclays Stock Performance

Shares of BCS stock opened at $9.08 on Tuesday. Barclays PLC has a 1 year low of $5.89 and a 1 year high of $11.63. The stock’s 50-day moving average is $8.03 and its two-hundred day moving average is $7.64. The firm has a market cap of $36.02 billion, a price-to-earnings ratio of 6.05 and a beta of 1.31.

Barclays (NYSE:BCS – Get Rating) last released its quarterly earnings results on Wednesday, October 26th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.10. Barclays had a return on equity of 6.93% and a net margin of 20.91%. The firm had revenue of $7.01 billion for the quarter, compared to analyst estimates of $6.35 billion. As a group, research analysts predict that Barclays PLC will post 1.74 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on BCS. Credit Suisse Group increased their price objective on Barclays from GBX 240 ($2.97) to GBX 250 ($3.10) and gave the company an “outperform” rating in a research note on Friday, October 28th. StockNews.com upgraded Barclays from a “hold” rating to a “buy” rating in a research note on Wednesday, January 11th. BNP Paribas upgraded Barclays from a “neutral” rating to an “outperform” rating in a research note on Wednesday, December 14th. Exane BNP Paribas raised Barclays from a “neutral” rating to an “outperform” rating in a report on Wednesday, December 14th. Finally, Royal Bank of Canada increased their target price on Barclays from GBX 170 ($2.10) to GBX 180 ($2.23) and gave the company a “sector perform” rating in a report on Friday, October 28th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Barclays currently has a consensus rating of “Moderate Buy” and an average price target of $225.00.

About Barclays

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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.