Todd Asset Management LLC Decreases Stake in Barclays PLC $BCS

Todd Asset Management LLC cut its stake in shares of Barclays PLC (NYSE:BCS) by 11.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,125,853 shares of the financial services provider’s stock after selling 390,242 shares during the quarter. Barclays accounts for about 1.5% of Todd Asset Management LLC’s portfolio, making the stock its 6th largest position. Todd Asset Management LLC owned about 0.09% of Barclays worth $79,553,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Oppenheimer & Co. Inc. grew its holdings in Barclays by 1.1% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 42,600 shares of the financial services provider’s stock worth $881,000 after acquiring an additional 482 shares during the last quarter. Diversified Trust Co. grew its holdings in Barclays by 0.4% during the 4th quarter. Diversified Trust Co. now owns 122,957 shares of the financial services provider’s stock worth $3,129,000 after acquiring an additional 507 shares during the last quarter. Parallel Advisors LLC grew its holdings in Barclays by 3.0% during the 3rd quarter. Parallel Advisors LLC now owns 19,183 shares of the financial services provider’s stock worth $397,000 after acquiring an additional 563 shares during the last quarter. Aprio Wealth Management LLC grew its holdings in Barclays by 2.9% during the 4th quarter. Aprio Wealth Management LLC now owns 20,605 shares of the financial services provider’s stock worth $524,000 after acquiring an additional 586 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its holdings in Barclays by 0.4% during the 3rd quarter. Quadrant Capital Group LLC now owns 152,351 shares of the financial services provider’s stock worth $3,149,000 after acquiring an additional 633 shares during the last quarter. 3.39% of the stock is owned by institutional investors.

Barclays Stock Up 0.0%

Barclays stock opened at $23.84 on Monday. 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 PLC has a 12-month low of $17.22 and a 12-month high of $27.70. The firm’s fifty day moving average is $22.47 and its 200 day moving average is $23.74. The company has a market capitalization of $81.24 billion, a PE ratio of 9.93, a PEG ratio of 0.44 and a beta of 1.01.

Barclays (NYSE:BCS) last released its earnings results on Monday, April 27th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.01. Barclays had a net margin of 21.10% and a return on equity of 8.12%. The company had revenue of $5.07 billion for the quarter, compared to the consensus estimate of $10.88 billion. As a group, sell-side analysts predict that Barclays PLC will post 2.75 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on BCS shares. Zacks Research downgraded shares of Barclays from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 19th. Morgan Stanley restated an “overweight” rating on shares of Barclays in a research report on Wednesday, February 11th. Citigroup restated a “neutral” rating on shares of Barclays in a research report on Thursday, April 23rd. Weiss Ratings downgraded shares of Barclays from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, April 21st. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Barclays in a research report on Wednesday, April 29th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

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.