Pzena Investment Management LLC Decreases Stake in Barclays PLC $BCS

Pzena Investment Management LLC lessened its holdings in shares of Barclays PLC (NYSE:BCS) by 60.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,888 shares of the financial services provider’s stock after selling 27,057 shares during the quarter. Pzena Investment Management LLC’s holdings in Barclays were worth $379,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Norges Bank acquired a new position in Barclays during the fourth quarter worth about $141,248,000. Ameriprise Financial Inc. lifted its stake in Barclays by 793.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,777,017 shares of the financial services provider’s stock worth $99,073,000 after purchasing an additional 4,242,360 shares in the last quarter. Fisher Asset Management LLC lifted its stake in Barclays by 4.3% in the 4th quarter. Fisher Asset Management LLC now owns 89,750,069 shares of the financial services provider’s stock worth $2,284,139,000 after purchasing an additional 3,722,757 shares in the last quarter. Main Street Research LLC acquired a new position in shares of Barclays during the 3rd quarter worth approximately $35,035,000. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Barclays by 7,013.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,671,369 shares of the financial services provider’s stock worth $31,071,000 after purchasing an additional 1,647,872 shares during the last quarter. 3.39% of the stock is currently owned by institutional investors and hedge funds.

Barclays Trading Up 1.7%

Shares of Barclays stock opened at $27.74 on Friday. The firm has a market capitalization of $94.55 billion, a price-to-earnings ratio of 11.56, a PEG 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 debt-to-equity ratio of 5.94, a quick ratio of 1.44 and a current ratio of 1.44. The stock has a 50 day moving average of $24.59 and a 200 day moving average of $24.42.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on BCS shares. Erste Group Bank reaffirmed a “hold” rating on shares of Barclays in a report on Thursday, March 5th. Berenberg Bank began coverage on Barclays in a report on Wednesday, June 24th. They issued a “buy” rating for the company. Piper Sandler raised Barclays from an “overweight” rating to a “buy” rating in a research note on Friday, June 12th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Barclays in a report on Wednesday, April 29th. Finally, Citigroup reissued a “neutral” rating on shares of Barclays in a research report on Thursday, April 23rd. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Barclays currently 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.