Todd Asset Management LLC Sells 390,242 Shares of Barclays PLC $BCS

Todd Asset Management LLC decreased its holdings in shares of Barclays PLC (NYSE:BCS) by 11.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,125,853 shares of the financial services provider’s stock after selling 390,242 shares during the period. Barclays comprises approximately 1.5% of Todd Asset Management LLC’s holdings, making the stock its 6th largest position. Todd Asset Management LLC’s holdings in Barclays were worth $79,553,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Illumine Investment Management LLC purchased a new stake in Barclays during the third quarter worth about $2,195,000. New York State Common Retirement Fund increased its holdings in Barclays by 10.4% during the third quarter. New York State Common Retirement Fund now owns 1,830,351 shares of the financial services provider’s stock worth $37,833,000 after buying an additional 172,944 shares during the last quarter. Cibc World Market Inc. increased its holdings in Barclays by 226.9% during the third quarter. Cibc World Market Inc. now owns 262,678 shares of the financial services provider’s stock worth $5,430,000 after buying an additional 182,318 shares during the last quarter. American Century Companies Inc. boosted its position 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 period. Finally, Prospera Financial Services Inc boosted its position in Barclays by 235.3% during the third quarter. Prospera Financial Services Inc now owns 72,187 shares of the financial services provider’s stock worth $1,492,000 after purchasing an additional 50,661 shares during the period. Hedge funds and other institutional investors own 3.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on BCS. BNP Paribas Exane lowered shares of Barclays from an “outperform” rating to a “neutral” rating in a research report on Tuesday, April 14th. Royal Bank Of Canada restated an “outperform” rating on shares of Barclays in a research report on Wednesday, April 29th. Morgan Stanley restated an “overweight” rating on shares of Barclays in a research report on Wednesday, February 11th. Weiss Ratings lowered shares of Barclays from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, April 21st. Finally, Zacks Research lowered shares of Barclays from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 19th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Barclays Trading Up 0.0%

BCS stock opened at $23.84 on Monday. The company has a market capitalization of $81.24 billion, a PE ratio of 9.93, a price-to-earnings-growth ratio of 0.44 and a beta of 1.01. Barclays PLC has a one year low of $17.22 and a one year high of $27.70. The company’s 50 day moving average price is $22.47 and its two-hundred day moving average price is $23.74. The company has a debt-to-equity ratio of 5.94, a quick ratio of 1.44 and a current ratio of 1.44.

Barclays (NYSE:BCS) last issued its 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 the consensus estimate of $10.88 billion. Barclays had a net margin of 21.10% and a return on equity of 8.12%. As a group, analysts predict that Barclays PLC will post 2.75 earnings per share for the current fiscal year.

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.