Envestnet Portfolio Solutions Inc. Cuts Holdings in Barclays PLC (NYSE:BCS)

Envestnet Portfolio Solutions Inc. reduced its position in Barclays PLC (NYSE:BCS) by 46.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 35,431 shares of the financial services provider’s stock after selling 30,162 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Barclays were worth $544,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Henry James International Management Inc. purchased a new position in Barclays in the fourth quarter valued at about $438,000. Neuberger Berman Group LLC raised its position in Barclays by 51.0% in the fourth quarter. Neuberger Berman Group LLC now owns 579,964 shares of the financial services provider’s stock valued at $7,708,000 after purchasing an additional 195,825 shares during the period. Envestnet Asset Management Inc. raised its position in Barclays by 14.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 3,063,126 shares of the financial services provider’s stock valued at $40,709,000 after purchasing an additional 391,899 shares during the period. National Bank of Canada FI raised its position in Barclays by 77.3% in the fourth quarter. National Bank of Canada FI now owns 835,051 shares of the financial services provider’s stock valued at $11,098,000 after purchasing an additional 364,182 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in Barclays by 15.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 308,721 shares of the financial services provider’s stock valued at $4,103,000 after purchasing an additional 40,437 shares during the period. 3.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. BNP Paribas upgraded Barclays from a “neutral” rating to an “outperform” rating in a research note on Tuesday, March 4th. Wall Street Zen downgraded Barclays from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th.

Barclays Price Performance

NYSE BCS opened at $18.34 on Friday. The stock has a market capitalization of $65.24 billion, a P/E ratio of 9.31, a P/E/G ratio of 0.44 and a beta of 1.11. Barclays PLC has a 1 year low of $10.23 and a 1 year high of $18.45. The business’s fifty day moving average is $17.09 and its two-hundred day moving average is $15.40. The company has a debt-to-equity ratio of 5.75, a quick ratio of 1.39 and a current ratio of 1.39.

Barclays (NYSE:BCS) last posted its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.04. Barclays had a net margin of 21.27% and a return on equity of 8.04%. The firm had revenue of $10.32 billion for the quarter, compared to analysts’ expectations of $8.37 billion. On average, research analysts forecast that Barclays PLC will post 2 earnings per share for the current fiscal year.

Barclays Company Profile

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