Qtron Investments LLC Lowers Stock Holdings in Barclays PLC $BCS

Qtron Investments LLC lowered its stake in shares of Barclays PLC (NYSE:BCS) by 23.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 66,031 shares of the financial services provider’s stock after selling 20,572 shares during the period. Qtron Investments LLC’s holdings in Barclays were worth $1,680,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. Fisher Asset Management LLC increased its holdings in shares of Barclays by 4.3% in the fourth quarter. Fisher Asset Management LLC now owns 89,750,069 shares of the financial services provider’s stock valued at $2,284,139,000 after purchasing an additional 3,722,757 shares during the period. Natixis Advisors LLC increased its holdings in shares of Barclays by 5.9% in the third quarter. Natixis Advisors LLC now owns 9,886,650 shares of the financial services provider’s stock valued at $204,357,000 after purchasing an additional 549,497 shares during the period. Norges Bank acquired a new position in shares of Barclays in the fourth quarter valued at approximately $141,248,000. American Century Companies Inc. increased its holdings in shares of Barclays by 39.2% in the third quarter. American Century Companies Inc. now owns 4,841,068 shares of the financial services provider’s stock valued at $100,065,000 after purchasing an additional 1,362,247 shares during the period. Finally, Ameriprise Financial Inc. increased its holdings in shares of Barclays by 793.5% in the third quarter. Ameriprise Financial Inc. now owns 4,777,017 shares of the financial services provider’s stock valued at $99,073,000 after purchasing an additional 4,242,360 shares during the period. Institutional investors and hedge funds own 3.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on BCS shares. Weiss Ratings lowered Barclays from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, April 21st. Zacks Research lowered Barclays from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 19th. Erste Group Bank reissued a “hold” rating on shares of Barclays in a report on Thursday, March 5th. BNP Paribas Exane lowered Barclays from an “outperform” rating to a “neutral” rating in a report on Tuesday, April 14th. Finally, Citigroup reissued a “neutral” rating on shares of Barclays in a report on Thursday, April 23rd. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Barclays Trading Up 4.9%

Shares of BCS stock opened at $24.79 on Friday. The business’s fifty day moving average price is $23.53 and its 200 day moving average price is $24.03. Barclays PLC has a 1-year low of $17.22 and a 1-year high of $27.70. The firm has a market capitalization of $84.51 billion, a PE ratio of 10.33, a P/E/G ratio of 0.44 and a beta of 1.01. The company has a debt-to-equity ratio of 5.94, a current ratio of 1.44 and a quick ratio of 1.44.

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

Barclays 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.