Whittier Trust Co. of Nevada Inc. Lowers Stake in Barclays PLC (NYSE:BCS)

Whittier Trust Co. of Nevada Inc. reduced its position in shares of Barclays PLC (NYSE:BCS) by 11.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,246 shares of the financial services provider’s stock after selling 2,882 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Barclays were worth $177,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. QCM Cayman Ltd. purchased a new position in Barclays in the 1st quarter valued at about $31,000. Covenant Multifamily Offices LLC purchased a new position in Barclays in the 1st quarter valued at about $32,000. Lindbrook Capital LLC lifted its stake in Barclays by 126.7% in the 1st quarter. Lindbrook Capital LLC now owns 4,664 shares of the financial services provider’s stock valued at $37,000 after buying an additional 2,607 shares in the last quarter. Raymond James Trust N.A. purchased a new position in Barclays in the 1st quarter valued at about $82,000. Finally, Squarepoint Ops LLC purchased a new position in Barclays in the 4th quarter valued at about $84,000. 2.53% of the stock is currently owned by institutional investors and hedge funds.

BCS traded down $0.30 during trading on Monday, reaching $7.09. The company’s stock had a trading volume of 112,819 shares, compared to its average volume of 2,100,077. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 5.01. The stock has a fifty day simple moving average of $7.70. Barclays PLC has a 1 year low of $7.07 and a 1 year high of $10.14. The company has a market capitalization of $31.61 billion, a P/E ratio of 6.11, a price-to-earnings-growth ratio of 2.10 and a beta of 0.93.

Barclays (NYSE:BCS) last released its earnings results on Thursday, August 1st. The financial services provider reported $0.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.01. Barclays had a net margin of 14.72% and a return on equity of 5.08%. The business had revenue of $7.12 billion for the quarter, compared to analyst estimates of $6.92 billion. On average, equities analysts expect that Barclays PLC will post 1.15 earnings per share for the current fiscal year.

BCS has been the topic of a number of research reports. Zacks Investment Research raised shares of Barclays from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. Bank of America lowered shares of Barclays from a “buy” rating to a “neutral” rating in a research note on Thursday, April 18th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $11.00.

Barclays Company Profile

Barclays PLC, through its subsidiaries, provides various financial products and services in the United Kingdom, other European countries, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International divisions. It offers personal and business banking services; credit and debit cards; international banking; and private banking services, which include investment, wealth planning, and credit and specialist solutions to high net worth and ultra-high net worth clients, and family offices.

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Institutional Ownership by Quarter for Barclays (NYSE:BCS)

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