Raymond James Financial Services Advisors Inc. Decreases Position in Barclays PLC (NYSE:BCS)
Raymond James Financial Services Advisors Inc. reduced its stake in Barclays PLC (NYSE:BCS) by 5.8% during the first quarter, HoldingsChannel.com reports. The firm owned 82,658 shares of the financial services provider’s stock after selling 5,114 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Barclays were worth $661,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Deutsche Bank AG boosted its holdings in Barclays by 9,565.4% in the fourth quarter. Deutsche Bank AG now owns 5,282,341 shares of the financial services provider’s stock worth $39,828,000 after acquiring an additional 5,227,689 shares in the last quarter. Segantii Capital Management Ltd bought a new position in Barclays during the fourth quarter valued at approximately $21,347,000. Jane Street Group LLC lifted its stake in shares of Barclays by 1,228.3% in the 4th quarter. Jane Street Group LLC now owns 2,177,312 shares of the financial services provider’s stock valued at $16,417,000 after purchasing an additional 2,013,393 shares during the last quarter. OLD Mission Capital LLC bought a new stake in shares of Barclays in the 4th quarter valued at approximately $14,461,000. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Barclays by 7.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 14,443,537 shares of the financial services provider’s stock worth $108,904,000 after buying an additional 980,953 shares during the period. 2.58% of the stock is currently owned by hedge funds and other institutional investors.
Shares of BCS traded down $0.07 during mid-day trading on Wednesday, reaching $7.64. 192,379 shares of the company’s stock were exchanged, compared to its average volume of 2,998,713. The stock has a market cap of $32.71 billion, a price-to-earnings ratio of 6.58, a price-to-earnings-growth ratio of 2.81 and a beta of 0.92. The company has a debt-to-equity ratio of 5.01, a current ratio of 1.51 and a quick ratio of 1.51. Barclays PLC has a 52-week low of $7.07 and a 52-week high of $10.91.
A number of brokerages have commented on BCS. Zacks Investment Research raised Barclays from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. Bank of America cut Barclays from a “buy” rating to a “neutral” rating in a report on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. Barclays presently has a consensus rating of “Hold” and a consensus target price of $11.00.
In other Barclays news, major shareholder Plc Barclays sold 221 shares of Barclays stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $100,000.00, for a total value of $22,100,000.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.02% of the stock is owned by company insiders.
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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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