Sei Investments Co. Lowers Stake in Barclays PLC $BCS

Sei Investments Co. reduced its stake in shares of Barclays PLC (NYSE:BCS) by 1.2% in the first quarter, according to its most recent filing with the SEC. The fund owned 3,484,063 shares of the financial services provider’s stock after selling 41,393 shares during the period. Sei Investments Co.’s holdings in Barclays were worth $73,723,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Lido Advisors LLC raised its holdings in shares of Barclays by 14.3% during the 1st quarter. Lido Advisors LLC now owns 11,668 shares of the financial services provider’s stock valued at $247,000 after buying an additional 1,463 shares in the last quarter. Cetera Investment Advisers boosted its stake in Barclays by 29.9% in the first quarter. Cetera Investment Advisers now owns 216,261 shares of the financial services provider’s stock worth $4,576,000 after buying an additional 49,841 shares in the last quarter. Militia Capital Management LLC bought a new position in Barclays during the first quarter valued at approximately $2,116,000. NewEdge Wealth LLC grew its position in Barclays by 10.4% during the first quarter. NewEdge Wealth LLC now owns 79,021 shares of the financial services provider’s stock valued at $1,672,000 after acquiring an additional 7,424 shares during the last quarter. Finally, First Trust Advisors LP raised its stake in shares of Barclays by 6.5% during the first quarter. First Trust Advisors LP now owns 65,111 shares of the financial services provider’s stock worth $1,378,000 after acquiring an additional 3,950 shares in the last quarter. Institutional investors own 3.39% of the company’s stock.

Barclays Price Performance

BCS stock opened at $27.93 on Friday. The stock has a market capitalization of $95.21 billion, a price-to-earnings ratio of 11.64, a PEG ratio of 0.47 and a beta of 1.00. The firm’s 50-day moving average price is $26.06 and its two-hundred day moving average price is $24.70. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 5.94. Barclays PLC has a 12-month low of $18.79 and a 12-month high of $28.43.

Barclays (NYSE:BCS) last posted its earnings results on Monday, April 27th. The financial services provider reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.01. The company had revenue of $5.07 billion during the quarter, compared to analyst estimates of $10.88 billion. Barclays had a net margin of 21.10% and a return on equity of 8.12%. As a group, equities analysts predict that Barclays PLC will post 2.86 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on BCS shares. Piper Sandler raised shares of Barclays from an “overweight” rating to a “buy” rating in a research note on Friday, June 12th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Barclays in a research report on Wednesday, April 29th. Morgan Stanley reissued an “overweight” rating on shares of Barclays in a research note on Thursday, July 2nd. BNP Paribas Exane lowered shares of Barclays from an “outperform” rating to a “neutral” rating in a research report on Tuesday, April 14th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Barclays in a report on Friday, July 17th. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Barclays currently has an average rating of “Moderate Buy”.

About Barclays

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.