Dorsey & Whitney Trust CO LLC Cuts Holdings in Barclays PLC $BCS

Dorsey & Whitney Trust CO LLC lessened its position in shares of Barclays PLC (NYSE:BCS) by 14.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,334 shares of the financial services provider’s stock after selling 5,314 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in Barclays were worth $564,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of BCS. Integrated Quantitative Investments LLC lifted its stake in shares of Barclays by 134.1% in the 2nd quarter. Integrated Quantitative Investments LLC now owns 57,363 shares of the financial services provider’s stock valued at $1,066,000 after purchasing an additional 32,863 shares in the last quarter. Creative Planning raised its holdings in Barclays by 8.7% in the second quarter. Creative Planning now owns 453,809 shares of the financial services provider’s stock valued at $8,436,000 after buying an additional 36,248 shares during the period. SG Americas Securities LLC lifted its position in Barclays by 149.7% during the second quarter. SG Americas Securities LLC now owns 99,878 shares of the financial services provider’s stock valued at $1,857,000 after buying an additional 59,881 shares in the last quarter. ABC Arbitrage SA purchased a new stake in Barclays during the second quarter worth approximately $10,608,000. Finally, PNC Financial Services Group Inc. increased its position in shares of Barclays by 8.2% in the second quarter. PNC Financial Services Group Inc. now owns 133,678 shares of the financial services provider’s stock worth $2,485,000 after acquiring an additional 10,186 shares in the last quarter. 3.39% of the stock is currently owned by hedge funds and other institutional investors.

Barclays Trading Down 0.3%

Shares of BCS opened at $21.11 on Wednesday. Barclays PLC has a one year low of $12.14 and a one year high of $22.64. The stock has a 50-day moving average price of $20.85 and a 200 day moving average price of $19.41. 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 capitalization of $73.46 billion, a P/E ratio of 9.73, a P/E/G ratio of 0.40 and a beta of 1.14.

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 company 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%. Sell-side analysts forecast that Barclays PLC will post 2 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on BCS. Morgan Stanley restated an “overweight” rating on shares of Barclays in a report on Monday, October 6th. Zacks Research cut Barclays from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 28th. Citigroup reiterated a “neutral” rating on shares of Barclays in a research note on Thursday, October 23rd. Royal Bank Of Canada reissued an “outperform” rating on shares of Barclays in a research report on Thursday, October 23rd. Finally, Wall Street Zen downgraded shares of Barclays from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Barclays Company Profile

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.