ACR Alpine Capital Research LLC Trims Stock Holdings in Barclays PLC $BCS

ACR Alpine Capital Research LLC lowered its position in shares of Barclays PLC (NYSE:BCS) by 17.0% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 658,122 shares of the financial services provider’s stock after selling 135,000 shares during the quarter. Barclays comprises about 0.2% of ACR Alpine Capital Research LLC’s portfolio, making the stock its 19th largest position. ACR Alpine Capital Research LLC’s holdings in Barclays were worth $12,234,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Elequin Capital LP acquired a new stake in shares of Barclays during the first quarter worth about $30,000. Wealthquest Corp purchased a new position in Barclays during the 1st quarter worth approximately $32,000. Zions Bancorporation National Association UT acquired a new stake in Barclays during the 1st quarter valued at approximately $40,000. WPG Advisers LLC purchased a new stake in shares of Barclays in the 1st quarter valued at $40,000. Finally, Wayfinding Financial LLC acquired a new stake in shares of Barclays in the first quarter worth $46,000. 3.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on BCS. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Barclays in a report on Thursday. Morgan Stanley restated an “overweight” rating on shares of Barclays in a research note on Monday, October 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Barclays in a report on Wednesday, October 8th. Citigroup reissued a “neutral” rating on shares of Barclays in a report on Thursday. Finally, Zacks Research raised shares of Barclays from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Barclays currently has an average rating of “Buy”.

Barclays Stock Up 2.8%

Barclays stock opened at $21.27 on Tuesday. The company has a debt-to-equity ratio of 5.94, a current ratio of 1.41 and a quick ratio of 1.41. The stock has a market capitalization of $74.37 billion, a PE ratio of 9.80, a price-to-earnings-growth ratio of 0.40 and a beta of 1.10. The business has a 50 day simple moving average of $20.35 and a 200-day simple moving average of $18.66. Barclays PLC has a 12 month low of $12.14 and a 12 month high of $21.31.

Barclays (NYSE:BCS) last announced its earnings results on Wednesday, October 22nd. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.02. The firm had revenue of $9.59 billion for the quarter, compared to analyst estimates of $6.95 billion. Barclays had a return on equity of 8.19% and a net margin of 21.26%. On average, analysts anticipate that Barclays PLC will post 2 EPS for the current fiscal 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.