Pzena Investment Management LLC Sells 12,290 Shares of Barclays PLC (NYSE:BCS)

Pzena Investment Management LLC reduced its stake in shares of Barclays PLC (NYSE:BCS) by 12.6% during the third quarter, Holdings Channel reports. The institutional investor owned 85,302 shares of the financial services provider’s stock after selling 12,290 shares during the quarter. Pzena Investment Management LLC’s holdings in Barclays were worth $1,036,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Russell Investments Group Ltd. boosted its holdings in Barclays by 3.1% during the 1st quarter. Russell Investments Group Ltd. now owns 159,804 shares of the financial services provider’s stock valued at $1,510,000 after acquiring an additional 4,873 shares during the period. Lake Street Advisors Group LLC lifted its position in Barclays by 12.3% in the first quarter. Lake Street Advisors Group LLC now owns 41,111 shares of the financial services provider’s stock valued at $400,000 after purchasing an additional 4,492 shares during the last quarter. National Bank of Canada FI boosted its stake in shares of Barclays by 6,028.3% during the first quarter. National Bank of Canada FI now owns 1,718,379 shares of the financial services provider’s stock valued at $16,239,000 after purchasing an additional 1,690,339 shares during the period. Pitcairn Co. bought a new position in shares of Barclays in the first quarter worth approximately $167,000. Finally, EntryPoint Capital LLC purchased a new position in shares of Barclays in the first quarter worth $48,000. Hedge funds and other institutional investors own 3.39% of the company’s stock.

Barclays Price Performance

Shares of Barclays stock opened at $13.24 on Thursday. The business has a 50 day moving average of $12.51 and a 200 day moving average of $11.72. Barclays PLC has a 52 week low of $7.02 and a 52 week high of $13.57. The company has a market cap of $47.93 billion, a PE ratio of 9.00 and a beta of 1.41. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 5.67.

Barclays (NYSE:BCS) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.56 EPS for the quarter. The business had revenue of $8.52 billion during the quarter. Barclays had a net margin of 17.83% and a return on equity of 6.30%. During the same quarter last year, the company posted $0.42 earnings per share. As a group, equities research analysts forecast that Barclays PLC will post 1.71 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have weighed in on BCS. The Goldman Sachs Group started coverage on shares of Barclays in a research report on Tuesday, October 8th. They set a “buy” rating for the company. StockNews.com upgraded shares of Barclays from a “buy” rating to a “strong-buy” rating in a report on Thursday, November 14th. Finally, Kepler Capital Markets assumed coverage on Barclays in a report on Thursday, September 5th. They set a “buy” rating on the stock.

Barclays Company Profile

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.