Commerce Bank Cuts Stake in Barclays PLC (BCS)
Commerce Bank lowered its position in shares of Barclays PLC (NYSE:BCS) by 31.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,954 shares of the financial services provider’s stock after selling 6,000 shares during the period. Commerce Bank’s holdings in Barclays were worth $116,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. First Republic Investment Management Inc. increased its stake in shares of Barclays by 20.1% during the second quarter. First Republic Investment Management Inc. now owns 51,721 shares of the financial services provider’s stock valued at $518,000 after buying an additional 8,641 shares during the period. Morningstar Investment Services LLC increased its stake in shares of Barclays by 14.1% during the second quarter. Morningstar Investment Services LLC now owns 80,739 shares of the financial services provider’s stock valued at $810,000 after buying an additional 9,964 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of Barclays by 15.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 42,978 shares of the financial services provider’s stock valued at $431,000 after buying an additional 5,811 shares during the period. Private Wealth Partners LLC purchased a new position in shares of Barclays during the second quarter valued at $201,000. Finally, Park National Corp OH purchased a new position in shares of Barclays during the third quarter valued at $100,000. Hedge funds and other institutional investors own 3.23% of the company’s stock.
BCS opened at $9.15 on Wednesday. Barclays PLC has a 1 year low of $8.47 and a 1 year high of $12.55. The company has a debt-to-equity ratio of 4.99, a quick ratio of 1.50 and a current ratio of 1.52. The stock has a market capitalization of $37.24 billion, a price-to-earnings ratio of 11.02, a P/E/G ratio of 0.42 and a beta of 0.70.
Several equities analysts have recently commented on the company. Zacks Investment Research upgraded Barclays from a “hold” rating to a “strong-buy” rating and set a $11.00 price target on the stock in a research note on Monday. Credit Suisse Group restated a “neutral” rating on shares of Barclays in a research note on Friday, November 9th. ValuEngine upgraded Barclays from a “strong sell” rating to a “sell” rating in a research note on Tuesday, October 30th. Berenberg Bank upgraded Barclays from a “hold” rating to a “buy” rating in a research note on Monday, October 1st. Finally, JPMorgan Chase & Co. reiterated a “buy” rating on shares of Barclays in a research note on Tuesday, September 4th. Three analysts have rated the stock with a sell rating, four have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Barclays has a consensus rating of “Hold” and a consensus price target of $11.00.
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Barclays PLC, through its subsidiaries, provides various financial products and services in the United Kingdom, other European countries, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International divisions. It offers personal and business banking services; credit and debit cards; international banking; and private banking services, which include investment, wealth planning, and credit and specialist solutions to high net worth and ultra-high net worth clients, and family offices.
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