Barclays PLC $BCS Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC trimmed its position in shares of Barclays PLC (NYSE:BCS) by 52.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 82,326 shares of the financial services provider’s stock after selling 90,856 shares during the period. Park Avenue Securities LLC’s holdings in Barclays were worth $1,998,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of BCS. Apollon Wealth Management LLC grew its position in shares of Barclays by 13.5% during the 3rd quarter. Apollon Wealth Management LLC now owns 18,424 shares of the financial services provider’s stock valued at $447,000 after acquiring an additional 2,194 shares during the period. Financial Management Professionals Inc. raised its holdings in Barclays by 429.0% in the 3rd quarter. Financial Management Professionals Inc. now owns 1,111 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 901 shares during the period. Brucke Financial Inc. boosted its position in Barclays by 14.9% during the third quarter. Brucke Financial Inc. now owns 10,390 shares of the financial services provider’s stock worth $252,000 after purchasing an additional 1,348 shares in the last quarter. Root Financial Partners LLC purchased a new position in Barclays during the third quarter worth approximately $158,000. Finally, Diversify Advisory Services LLC grew its holdings in Barclays by 10.0% in the third quarter. Diversify Advisory Services LLC now owns 153,993 shares of the financial services provider’s stock valued at $3,513,000 after purchasing an additional 13,953 shares during the period. Institutional investors and hedge funds own 3.39% of the company’s stock.

Barclays Price Performance

NYSE:BCS opened at $22.30 on Friday. Barclays PLC has a one year low of $19.83 and a one year high of $28.68. The stock has a market cap of $74.55 billion, a PE ratio of 8.02, a P/E/G ratio of 0.48 and a beta of 1.02. The stock has a 50 day moving average price of $24.54 and a 200 day moving average price of $24.89. The company has a debt-to-equity ratio of 5.89, a quick ratio of 1.47 and a current ratio of 1.47.

Barclays (NYSE:BCS) last announced its quarterly earnings results on Thursday, October 22nd. The financial services provider reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.01). Barclays had a net margin of 22.74% and a return on equity of 9.02%. The firm had revenue of $9.85 billion for the quarter, compared to analyst estimates of $10.10 billion. Equities research analysts expect that Barclays PLC will post 2.77 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on BCS shares. Morgan Stanley lowered Barclays from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, September 2nd. Weiss Ratings lowered shares of Barclays from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, October 23rd. Citigroup reissued a “neutral” rating on shares of Barclays in a report on Thursday, July 16th. Finally, Bank of America downgraded shares of Barclays from a “buy” rating to a “neutral” rating in a report on Tuesday, September 1st. Four investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold”.

About Barclays

Barclays PLC is a diversified financial services company headquartered in London, England. Through its banking and financial services businesses, the company serves individuals, businesses, institutions and governments in the United Kingdom, the United States and other international markets.

Its principal activities include consumer and business banking, current and savings accounts, mortgages, personal loans, credit cards and payment services. Barclays also provides private banking and wealth management services, including investment management, financial planning and lending for high-net-worth clients.

Through its corporate and investment banking operations, Barclays offers corporate lending, transaction banking, financial advice, securities underwriting, sales and trading, research and capital-markets services.