Pzena Investment Management LLC Lowers Stock Holdings in Barclays PLC $BCS

Pzena Investment Management LLC cut its position in Barclays PLC (NYSE:BCS) by 60.2% in the first quarter, HoldingsChannel reports. The institutional investor owned 17,888 shares of the financial services provider’s stock after selling 27,057 shares during the period. Pzena Investment Management LLC’s holdings in Barclays were worth $379,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd acquired a new position in Barclays during the 4th quarter worth about $26,000. Commonwealth Retirement Investments LLC acquired a new position in Barclays in the 4th quarter valued at about $26,000. SHP Wealth Management purchased a new stake in Barclays during the fourth quarter worth about $28,000. Advocate Investing Services LLC acquired a new stake in shares of Barclays during the fourth quarter worth about $33,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Barclays during the fourth quarter worth about $39,000. Hedge funds and other institutional investors own 3.39% of the company’s stock.

Barclays Stock Up 1.7%

Shares of NYSE:BCS opened at $27.74 on Friday. The firm’s 50 day moving average price is $24.59 and its 200 day moving average price is $24.42. The stock has a market cap of $94.55 billion, a price-to-earnings ratio of 11.56, a price-to-earnings-growth ratio of 0.47 and a beta of 1.00. Barclays PLC has a fifty-two week low of $18.10 and a fifty-two week high of $28.00. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 5.94.

Barclays (NYSE:BCS) last posted its quarterly earnings results on Monday, April 27th. The financial services provider reported $0.76 EPS for the quarter, topping the consensus estimate of $0.75 by $0.01. Barclays had a net margin of 21.10% and a return on equity of 8.12%. The company had revenue of $5.07 billion during the quarter, compared to analysts’ expectations of $10.88 billion. As a group, equities research analysts predict that Barclays PLC will post 2.83 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Royal Bank Of Canada restated an “outperform” rating on shares of Barclays in a report on Wednesday, April 29th. Erste Group Bank reissued a “hold” rating on shares of Barclays in a research report on Thursday, March 5th. Zacks Research downgraded shares of Barclays from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 19th. Citigroup reiterated a “neutral” rating on shares of Barclays in a research note on Thursday, April 23rd. Finally, Weiss Ratings lowered Barclays from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, April 21st. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

About Barclays

Barclays PLC (NYSE: BCS) is a British multinational bank and financial services company headquartered in London. The firm provides a broad range of banking and financial products to individual, corporate and institutional customers. Its core activities span retail and business banking, credit cards and payments, corporate and investment banking, and wealth and investment management.

In retail and business banking, Barclays offers deposit accounts, mortgages, personal and business loans, and card services.