Cambiar Investors LLC Sells 133,860 Shares of Barclays PLC (NYSE:BCS)

Cambiar Investors LLC reduced its holdings in Barclays PLC (NYSE:BCS) by 7.3% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,708,283 shares of the financial services provider’s stock after selling 133,860 shares during the quarter. Cambiar Investors LLC’s holdings in Barclays were worth $20,756,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. ACR Alpine Capital Research LLC boosted its position in Barclays by 14.8% during the first quarter. ACR Alpine Capital Research LLC now owns 1,069,922 shares of the financial services provider’s stock valued at $10,111,000 after purchasing an additional 138,064 shares during the last quarter. Diversified Trust Co acquired a new position in Barclays during the second quarter worth $559,000. Bayesian Capital Management LP acquired a new position in Barclays during the first quarter worth $947,000. Sei Investments Co. lifted its stake in Barclays by 26.0% in the first quarter. Sei Investments Co. now owns 1,238,789 shares of the financial services provider’s stock valued at $11,706,000 after acquiring an additional 255,300 shares during the last quarter. Finally, Acadian Asset Management LLC grew its position in shares of Barclays by 1,502.3% in the 1st quarter. Acadian Asset Management LLC now owns 1,346,178 shares of the financial services provider’s stock valued at $12,711,000 after acquiring an additional 1,262,165 shares during the period. 3.39% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on BCS. Kepler Capital Markets began coverage on shares of Barclays in a report on Thursday, September 5th. They issued a “buy” rating on the stock. StockNews.com raised Barclays from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Finally, The Goldman Sachs Group began coverage on Barclays in a research note on Tuesday, October 8th. They set a “buy” rating for the company.

Barclays Price Performance

Shares of BCS opened at $12.53 on Friday. The firm has a market capitalization of $45.59 billion, a PE ratio of 8.52 and a beta of 1.42. The company has a debt-to-equity ratio of 5.67, a current ratio of 1.35 and a quick ratio of 1.35. The company’s 50-day moving average is $12.18 and its 200-day moving average is $11.41. Barclays PLC has a fifty-two week low of $6.48 and a fifty-two week high of $13.20.

Barclays (NYSE:BCS) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter. Barclays had a net margin of 17.83% and a return on equity of 6.30%. The firm had revenue of $8.52 billion during the quarter. During the same quarter last year, the business earned $0.42 earnings per share. Equities analysts forecast that Barclays PLC will post 1.66 EPS for the current year.

About Barclays

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.