Lockheed Martin Investment Management Co. Sells 217,800 Shares of Barclays PLC $BCS

Lockheed Martin Investment Management Co. cut its position in Barclays PLC (NYSE:BCS) by 52.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 196,700 shares of the financial services provider’s stock after selling 217,800 shares during the quarter. Lockheed Martin Investment Management Co.’s holdings in Barclays were worth $4,066,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. NewEdge Advisors LLC grew its stake in shares of Barclays by 72.8% in the first quarter. NewEdge Advisors LLC now owns 47,051 shares of the financial services provider’s stock valued at $723,000 after acquiring an additional 19,818 shares in the last quarter. Sivia Capital Partners LLC boosted its holdings in Barclays by 19.6% in the 2nd quarter. Sivia Capital Partners LLC now owns 23,572 shares of the financial services provider’s stock valued at $438,000 after purchasing an additional 3,868 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of Barclays by 2.3% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 159,772 shares of the financial services provider’s stock worth $2,917,000 after purchasing an additional 3,644 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of Barclays by 70.0% during the second quarter. UMB Bank n.a. now owns 3,148 shares of the financial services provider’s stock worth $59,000 after purchasing an additional 1,296 shares during the period. Finally, Park Avenue Securities LLC acquired a new stake in shares of Barclays in the second quarter valued at approximately $1,708,000. Institutional investors own 3.39% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Morgan Stanley reissued an “overweight” rating on shares of Barclays in a research report on Monday, November 24th. Weiss Ratings reissued a “buy (b-)” rating on shares of Barclays in a report on Tuesday, December 23rd. Wall Street Zen downgraded Barclays from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Barclays in a research report on Thursday, October 23rd. Finally, Citigroup restated a “neutral” rating on shares of Barclays in a research report on Thursday. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Barclays Trading Up 1.0%

BCS opened at $26.11 on Friday. The company has a market cap of $90.50 billion, a P/E ratio of 12.03, a PEG ratio of 0.39 and a beta of 0.98. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 5.94. The company’s 50 day moving average is $24.26 and its 200-day moving average is $21.62. Barclays PLC has a 1-year low of $12.14 and a 1-year high of $26.64.

Barclays (NYSE:BCS) last issued its quarterly earnings data on Tuesday, September 30th. The financial services provider reported $0.45 EPS for the quarter. Barclays had a net margin of 21.26% and a return on equity of 8.19%. The business had revenue of $9.21 billion during the quarter. Equities research analysts predict that Barclays PLC will post 2 earnings per share for the current fiscal 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.