Freestone Capital Holdings LLC Cuts Holdings in Barclays PLC (NYSE:BCS)

Freestone Capital Holdings LLC decreased its position in Barclays PLC (NYSE:BCS) by 24.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,757 shares of the financial services provider’s stock after selling 6,056 shares during the period. Freestone Capital Holdings LLC’s holdings in Barclays were worth $177,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SG Americas Securities LLC bought a new position in Barclays in the 4th quarter valued at $1,453,000. Schechter Investment Advisors LLC grew its position in shares of Barclays by 6.2% during the 4th quarter. Schechter Investment Advisors LLC now owns 94,155 shares of the financial services provider’s stock valued at $742,000 after acquiring an additional 5,478 shares during the period. Blue Trust Inc. lifted its stake in Barclays by 23.7% in the fourth quarter. Blue Trust Inc. now owns 8,183 shares of the financial services provider’s stock valued at $64,000 after purchasing an additional 1,567 shares during the last quarter. Five Oceans Advisors increased its position in Barclays by 18.9% in the fourth quarter. Five Oceans Advisors now owns 15,898 shares of the financial services provider’s stock worth $125,000 after buying an additional 2,527 shares during the last quarter. Finally, Private Trust Co. NA lifted its position in shares of Barclays by 58.5% during the 4th quarter. Private Trust Co. NA now owns 5,421 shares of the financial services provider’s stock valued at $43,000 after buying an additional 2,000 shares during the last quarter. Hedge funds and other institutional investors own 3.39% of the company’s stock.

Barclays Price Performance

Shares of BCS traded up $0.23 during mid-day trading on Friday, reaching $11.98. 11,422,557 shares of the stock traded hands, compared to its average volume of 9,338,171. The company has a market cap of $44.39 billion, a price-to-earnings ratio of 8.94, a price-to-earnings-growth ratio of 0.65 and a beta of 1.44. Barclays PLC has a 1 year low of $6.23 and a 1 year high of $12.11. The firm has a fifty day moving average price of $11.15 and a 200 day moving average price of $9.67. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 6.15.

Barclays (NYSE:BCS) last posted its earnings results on Thursday, April 25th. The financial services provider reported $0.52 EPS for the quarter, topping the consensus estimate of $0.45 by $0.07. The business had revenue of $8.82 billion during the quarter. Barclays had a return on equity of 6.13% and a net margin of 17.21%. As a group, equities research analysts predict that Barclays PLC will post 1.65 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on BCS. StockNews.com upgraded shares of Barclays from a “hold” rating to a “buy” rating in a research note on Tuesday, July 9th. Deutsche Bank Aktiengesellschaft initiated coverage on Barclays in a research note on Thursday, May 9th. They set a “buy” rating on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Barclays 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.