Pzena Investment Management LLC Has $911,000 Stake in Barclays PLC (NYSE:BCS)

by · The Cerbat Gem

Pzena Investment Management LLC lowered its position in Barclays PLC (NYSE:BCS) by 31.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 59,296 shares of the financial services provider’s stock after selling 26,930 shares during the quarter. Pzena Investment Management LLC’s holdings in Barclays were worth $911,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bank of America Corp DE grew its holdings in Barclays by 485.0% during the fourth quarter. Bank of America Corp DE now owns 6,680,869 shares of the financial services provider’s stock worth $88,789,000 after purchasing an additional 5,538,912 shares during the period. Deutsche Bank AG acquired a new stake in shares of Barclays in the fourth quarter valued at approximately $50,189,000. Bank of Montreal Can boosted its stake in shares of Barclays by 667.4% during the 4th quarter. Bank of Montreal Can now owns 3,603,127 shares of the financial services provider’s stock worth $47,886,000 after acquiring an additional 3,133,632 shares during the period. Wells Fargo & Company MN increased its holdings in shares of Barclays by 423.9% during the 4th quarter. Wells Fargo & Company MN now owns 2,897,984 shares of the financial services provider’s stock worth $38,514,000 after acquiring an additional 2,344,858 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in Barclays in the 4th quarter valued at $26,932,000. Institutional investors own 3.39% of the company’s stock.

Analyst Ratings Changes

BCS has been the subject of a number of research analyst reports. Citigroup cut shares of Barclays from a “buy” rating to a “neutral” rating in a research report on Friday. Royal Bank Of Canada restated an “outperform” rating on shares of Barclays in a report on Wednesday. Finally, Wall Street Zen lowered Barclays from a “buy” rating to a “hold” rating in a research note on Sunday, July 13th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

View Our Latest Stock Report on BCS

Barclays Trading Up 1.6%

Shares of Barclays stock opened at $19.02 on Friday. Barclays PLC has a 52-week low of $10.23 and a 52-week high of $19.04. The stock has a market cap of $67.34 billion, a PE ratio of 9.66, a PEG ratio of 0.45 and a beta of 1.10. The firm has a 50-day moving average of $17.91 and a 200-day moving average of $15.93. The company has a debt-to-equity ratio of 5.75, a quick ratio of 1.39 and a current ratio of 1.39.

Barclays (NYSE:BCS – Get Free Report) last announced its earnings results on Wednesday, April 30th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.04. The firm had revenue of $10.32 billion for the quarter, compared to analyst estimates of $8.37 billion. Barclays had a net margin of 21.27% and a return on equity of 8.04%. As a group, sell-side analysts forecast that Barclays PLC will post 2 EPS for the current year.

Barclays Profile

(Free Report)

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.

Further Reading

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