Qtron Investments LLC Decreases Stake in Barclays PLC $BCS

Qtron Investments LLC lessened its stake in Barclays PLC (NYSE:BCS) by 23.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 66,031 shares of the financial services provider’s stock after selling 20,572 shares during the quarter. Qtron Investments LLC’s holdings in Barclays were worth $1,680,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Fisher Asset Management LLC boosted its stake in shares of Barclays by 4.3% in the 4th quarter. Fisher Asset Management LLC now owns 89,750,069 shares of the financial services provider’s stock valued at $2,284,139,000 after buying an additional 3,722,757 shares during the period. Natixis Advisors LLC lifted its stake in Barclays by 5.9% during the third quarter. Natixis Advisors LLC now owns 9,886,650 shares of the financial services provider’s stock worth $204,357,000 after purchasing an additional 549,497 shares during the last quarter. Norges Bank purchased a new stake in Barclays during the fourth quarter worth approximately $141,248,000. American Century Companies Inc. lifted its stake in Barclays by 39.2% during the third quarter. American Century Companies Inc. now owns 4,841,068 shares of the financial services provider’s stock worth $100,065,000 after purchasing an additional 1,362,247 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in Barclays by 793.5% during the third quarter. Ameriprise Financial Inc. now owns 4,777,017 shares of the financial services provider’s stock worth $99,073,000 after purchasing an additional 4,242,360 shares during the last quarter. Hedge funds and other institutional investors own 3.39% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on BCS. Erste Group Bank restated a “hold” rating on shares of Barclays in a research note on Thursday, March 5th. BNP Paribas Exane cut Barclays from an “outperform” rating to a “neutral” rating in a research note on Tuesday, April 14th. Royal Bank Of Canada restated an “outperform” rating on shares of Barclays in a research note on Wednesday, April 29th. Zacks Research cut Barclays from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 19th. Finally, Citigroup restated a “neutral” rating on shares of Barclays in a research note on Thursday, April 23rd. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Barclays currently has an average rating of “Hold”.

Barclays Trading Up 4.9%

BCS opened at $24.79 on Friday. The firm has a market cap of $84.51 billion, a price-to-earnings ratio of 10.33, a price-to-earnings-growth ratio of 0.44 and a beta of 1.01. Barclays PLC has a 52 week low of $17.22 and a 52 week high of $27.70. The business’s 50 day moving average is $23.53 and its two-hundred day moving average is $24.03. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 5.94.

Barclays (NYSE:BCS) last released its quarterly earnings results on Monday, April 27th. The financial services provider reported $0.76 EPS for the quarter, topping the consensus estimate of $0.75 by $0.01. The company had revenue of $5.07 billion for the quarter, compared to analyst estimates of $10.88 billion. Barclays had a return on equity of 8.12% and a net margin of 21.10%. On average, research analysts predict that Barclays PLC will post 2.75 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.