Contravisory Investment Management Inc. Sells 23,011 Shares of Barclays PLC $BCS

Contravisory Investment Management Inc. lowered its stake in shares of Barclays PLC (NYSE:BCS) by 5.4% in the 1st quarter, HoldingsChannel reports. The firm owned 403,705 shares of the financial services provider’s stock after selling 23,011 shares during the quarter. Barclays accounts for 1.7% of Contravisory Investment Management Inc.’s portfolio, making the stock its 23rd biggest position. Contravisory Investment Management Inc.’s holdings in Barclays were worth $8,542,000 as of its most recent SEC filing.

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

Barclays Stock Up 2.6%

Shares of NYSE BCS opened at $27.30 on Friday. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 5.94. The company has a market cap of $93.06 billion, a P/E ratio of 11.38, a P/E/G ratio of 0.46 and a beta of 1.01. Barclays PLC has a 52 week low of $17.73 and a 52 week high of $27.70. The business has a 50-day simple moving average of $24.26 and a two-hundred day simple moving average of $24.30.

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

Analyst Ratings Changes

BCS has been the topic of several recent research reports. Weiss Ratings downgraded shares of Barclays from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, April 21st. BNP Paribas Exane downgraded shares of Barclays from an “outperform” rating to a “neutral” rating in a research note on Tuesday, April 14th. Royal Bank Of Canada reissued an “outperform” rating on shares of Barclays in a research report on Wednesday, April 29th. Citigroup restated a “neutral” rating on shares of Barclays in a research note on Thursday, April 23rd. Finally, Piper Sandler upgraded shares of Barclays from an “overweight” rating to a “buy” rating in a research note on Friday, June 12th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Barclays currently has a consensus rating of “Moderate Buy”.

Barclays Company Profile

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.