Channing Global Advisors LLC Decreases Stake in Barclays PLC $BCS

Channing Global Advisors LLC lessened its holdings in Barclays PLC (NYSE:BCS) by 32.8% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,018 shares of the financial services provider’s stock after selling 12,207 shares during the period. Channing Global Advisors LLC’s holdings in Barclays were worth $465,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Acadian Asset Management LLC boosted its position in Barclays by 37.6% in the first quarter. Acadian Asset Management LLC now owns 33,607,068 shares of the financial services provider’s stock worth $516,163,000 after purchasing an additional 9,188,263 shares during the last quarter. Norges Bank bought a new stake in shares of Barclays during the 2nd quarter worth $63,206,000. JPMorgan Chase & Co. boosted its holdings in shares of Barclays by 1,719.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,031,480 shares of the financial services provider’s stock worth $37,765,000 after buying an additional 1,919,843 shares during the last quarter. Bank of Montreal Can grew its position in Barclays by 289.6% during the second quarter. Bank of Montreal Can now owns 1,991,960 shares of the financial services provider’s stock valued at $37,031,000 after buying an additional 1,480,716 shares during the period. Finally, Invesco Ltd. increased its holdings in Barclays by 8,088.1% during the first quarter. Invesco Ltd. now owns 882,108 shares of the financial services provider’s stock worth $13,549,000 after buying an additional 871,335 shares during the last quarter. 3.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BCS has been the subject of a number of research reports. Zacks Research downgraded shares of Barclays from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 28th. Weiss Ratings reissued a “buy (b)” rating on shares of Barclays in a report on Wednesday, October 8th. Citigroup reissued a “neutral” rating on shares of Barclays in a research report on Thursday, October 23rd. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Barclays in a research report on Thursday, October 23rd. Finally, Wall Street Zen downgraded Barclays from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

Barclays Price Performance

Shares of NYSE BCS opened at $22.92 on Friday. The company has a debt-to-equity ratio of 5.94, a quick ratio of 1.41 and a current ratio of 1.41. Barclays PLC has a fifty-two week low of $12.14 and a fifty-two week high of $22.91. The stock has a market cap of $79.78 billion, a PE ratio of 10.56, a price-to-earnings-growth ratio of 0.43 and a beta of 1.14. The stock has a fifty day moving average of $20.99 and a 200-day moving average of $19.68.

Barclays (NYSE:BCS) last issued its quarterly earnings data on Tuesday, September 30th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter. The business had revenue of $9.21 billion for the quarter. Barclays had a return on equity of 8.19% and a net margin of 21.26%. Equities research analysts anticipate that Barclays PLC will post 2 earnings per share for the current year.

About Barclays

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.