Arrowstreet Capital Limited Partnership Cuts Holdings in Barclays PLC $BCS

Arrowstreet Capital Limited Partnership reduced its position in Barclays PLC (NYSE:BCS) by 26.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,131,118 shares of the financial services provider’s stock after selling 5,081,604 shares during the period. Arrowstreet Capital Limited Partnership owned 0.40% of Barclays worth $262,697,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. AMG National Trust Bank raised its holdings in shares of Barclays by 0.5% during the 2nd quarter. AMG National Trust Bank now owns 105,707 shares of the financial services provider’s stock worth $1,965,000 after acquiring an additional 561 shares in the last quarter. Fifth Third Bancorp increased its position in Barclays by 1.1% in the second quarter. Fifth Third Bancorp now owns 56,035 shares of the financial services provider’s stock worth $1,042,000 after purchasing an additional 599 shares during the last quarter. Bleakley Financial Group LLC raised its stake in Barclays by 3.4% during the second quarter. Bleakley Financial Group LLC now owns 19,389 shares of the financial services provider’s stock valued at $360,000 after purchasing an additional 634 shares in the last quarter. Prospera Financial Services Inc lifted its position in Barclays by 3.4% during the second quarter. Prospera Financial Services Inc now owns 21,526 shares of the financial services provider’s stock valued at $400,000 after purchasing an additional 699 shares during the last quarter. Finally, RNC Capital Management LLC grew its stake in shares of Barclays by 2.3% in the 1st quarter. RNC Capital Management LLC now owns 32,670 shares of the financial services provider’s stock worth $502,000 after buying an additional 735 shares in the last quarter. Hedge funds and other institutional investors own 3.39% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Wall Street Zen cut shares of Barclays from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Citigroup reissued a “neutral” rating on shares of Barclays in a research note on Monday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Barclays in a research note on Wednesday, October 8th. Zacks Research cut Barclays from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 28th. Finally, Morgan Stanley restated an “overweight” rating on shares of Barclays in a report on Monday, November 24th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Barclays Price Performance

Shares of BCS stock opened at $22.75 on Tuesday. The stock has a 50 day moving average price of $21.02 and a 200 day moving average price of $19.74. Barclays PLC has a 52-week low of $12.14 and a 52-week high of $22.91. The company has a debt-to-equity ratio of 5.94, a quick ratio of 1.41 and a current ratio of 1.41. The firm has a market capitalization of $79.17 billion, a P/E ratio of 10.48, a P/E/G ratio of 0.43 and a beta of 1.00.

Barclays (NYSE:BCS) last released its earnings results on Tuesday, September 30th. The financial services provider reported $0.45 earnings per share 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%. As a group, sell-side analysts predict 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.