Barclays PLC (NYSE:BCS) Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC lowered its position in shares of Barclays PLC (NYSE:BCS) by 0.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 228,611 shares of the financial services provider’s stock after selling 1,272 shares during the quarter. Fisher Asset Management LLC’s holdings in Barclays were worth $2,778,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Rothschild Investment LLC acquired a new stake in Barclays during the second quarter worth approximately $30,000. Symphony Financial Ltd. Co. purchased a new position in Barclays during the third quarter worth approximately $42,000. EverSource Wealth Advisors LLC raised its stake in Barclays by 71.8% during the first quarter. EverSource Wealth Advisors LLC now owns 3,647 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 1,524 shares during the period. Hexagon Capital Partners LLC raised its stake in Barclays by 32.4% during the third quarter. Hexagon Capital Partners LLC now owns 4,624 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 1,132 shares during the period. Finally, Blue Trust Inc. raised its stake in Barclays by 452.5% during the second quarter. Blue Trust Inc. now owns 6,304 shares of the financial services provider’s stock worth $68,000 after purchasing an additional 5,163 shares during the period. Institutional investors and hedge funds own 3.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Kepler Capital Markets assumed coverage on shares of Barclays in a research note on Thursday, September 5th. They set a “buy” rating on the stock. StockNews.com downgraded shares of Barclays from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 22nd. Finally, The Goldman Sachs Group assumed coverage on shares of Barclays in a research note on Tuesday, October 8th. They issued a “buy” rating on the stock.

Barclays Stock Performance

Shares of BCS stock opened at $13.23 on Friday. The company’s fifty day simple moving average is $12.67 and its 200-day simple moving average is $11.82. Barclays PLC has a 52 week low of $7.02 and a 52 week high of $13.57. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 5.67. The company has a market cap of $47.91 billion, a PE ratio of 9.00 and a beta of 1.41.

Barclays (NYSE:BCS) last issued its earnings results on Thursday, October 24th. The financial services provider reported $0.56 EPS for the quarter. Barclays had a net margin of 17.83% and a return on equity of 6.30%. The business had revenue of $8.52 billion for the quarter. During the same period in the prior year, the business posted $0.42 EPS. As a group, equities research analysts anticipate that Barclays PLC will post 1.71 EPS 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.