Barclays PLC $BCS Position Cut by ACR Alpine Capital Research LLC

ACR Alpine Capital Research LLC cut its holdings in shares of Barclays PLC (NYSE:BCS) by 31.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 454,000 shares of the financial services provider’s stock after selling 204,122 shares during the period. Barclays makes up about 0.2% of ACR Alpine Capital Research LLC’s investment portfolio, making the stock its 20th largest holding. ACR Alpine Capital Research LLC’s holdings in Barclays were worth $9,384,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Fisher Asset Management LLC grew its stake in shares of Barclays by 13.2% in the second quarter. Fisher Asset Management LLC now owns 83,062,892 shares of the financial services provider’s stock worth $1,544,139,000 after purchasing an additional 9,692,999 shares in the last quarter. Sei Investments Co. increased its stake in Barclays by 13.6% during the 2nd quarter. Sei Investments Co. now owns 3,687,598 shares of the financial services provider’s stock valued at $68,553,000 after buying an additional 442,798 shares during the period. American Century Companies Inc. raised its position in shares of Barclays by 4.7% during the 2nd quarter. American Century Companies Inc. now owns 3,478,821 shares of the financial services provider’s stock worth $64,671,000 after buying an additional 155,397 shares in the last quarter. Norges Bank acquired a new stake in shares of Barclays in the 2nd quarter worth approximately $63,206,000. Finally, 1832 Asset Management L.P. bought a new position in shares of Barclays in the second quarter valued at approximately $57,568,000. 3.39% of the stock is currently owned by institutional investors and hedge funds.

Barclays Stock Up 1.0%

Shares of NYSE:BCS opened at $26.11 on Friday. The firm has a 50 day simple moving average of $24.26 and a 200 day simple moving average of $21.62. Barclays PLC has a 52 week low of $12.14 and a 52 week high of $26.64. 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 company has a market cap of $90.50 billion, a PE ratio of 12.03, a price-to-earnings-growth ratio of 0.39 and a beta of 0.98.

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

Analyst Ratings Changes

A number of brokerages have issued reports on BCS. Zacks Research lowered Barclays from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 28th. Citigroup restated a “neutral” rating on shares of Barclays in a report on Thursday. Morgan Stanley reaffirmed an “overweight” rating on shares of Barclays in a report on Monday, November 24th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Barclays in a research report on Tuesday, December 23rd. Finally, Wall Street Zen lowered shares of Barclays from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Barclays Company Profile

Barclays PLC (NYSE: BCS) is a British multinational bank and financial services company headquartered in London. The firm provides a broad range of banking and financial products to individual, corporate and institutional customers. Its core activities span retail and business banking, credit cards and payments, corporate and investment banking, and wealth and investment management.

In retail and business banking, Barclays offers deposit accounts, mortgages, personal and business loans, and card services.