Lockheed Martin Investment Management Co. Sells 217,800 Shares of Barclays PLC $BCS

Lockheed Martin Investment Management Co. reduced its stake in shares of Barclays PLC (NYSE:BCS) by 52.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 196,700 shares of the financial services provider’s stock after selling 217,800 shares during the period. Lockheed Martin Investment Management Co.’s holdings in Barclays were worth $4,066,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in BCS. AMG National Trust Bank increased its holdings in 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 purchasing an additional 561 shares in the last quarter. Fifth Third Bancorp boosted its position in shares of Barclays by 1.1% during the second quarter. Fifth Third Bancorp now owns 56,035 shares of the financial services provider’s stock worth $1,042,000 after buying an additional 599 shares during the period. Bleakley Financial Group LLC grew its holdings in shares of Barclays by 3.4% during the second quarter. Bleakley Financial Group LLC now owns 19,389 shares of the financial services provider’s stock worth $360,000 after buying an additional 634 shares in the last quarter. Prospera Financial Services Inc raised its position in Barclays by 3.4% in the 2nd quarter. Prospera Financial Services Inc now owns 21,526 shares of the financial services provider’s stock valued at $400,000 after buying an additional 699 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC lifted its stake in Barclays by 5.0% in the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 15,473 shares of the financial services provider’s stock valued at $288,000 after acquiring an additional 740 shares in the last quarter. 3.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Zacks Research cut shares of Barclays from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 28th. Wall Street Zen cut shares of Barclays from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Morgan Stanley restated an “overweight” rating on shares of Barclays in a report on Monday, November 24th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Barclays in a research report on Tuesday, December 23rd. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Barclays in a report on Thursday, October 23rd. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Barclays Price Performance

Shares of NYSE BCS opened at $26.11 on Friday. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 5.94. The business’s 50 day moving average price is $24.26 and its two-hundred day moving average price is $21.62. 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 PLC has a twelve month low of $12.14 and a twelve month high of $26.64.

Barclays (NYSE:BCS) last posted its 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. On average, analysts predict that Barclays PLC will post 2 EPS for the current year.

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.