QRG Capital Management Inc. Lowers Stock Position in Barclays PLC $BCS

QRG Capital Management Inc. trimmed its position in Barclays PLC (NYSE:BCS) by 37.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 365,871 shares of the financial services provider’s stock after selling 222,896 shares during the quarter. QRG Capital Management Inc.’s holdings in Barclays were worth $7,563,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Barclays during the 2nd quarter valued at $27,000. Mather Group LLC. bought a new stake in Barclays during the third quarter valued at about $30,000. Salomon & Ludwin LLC lifted its position in shares of Barclays by 2,673.6% in the third quarter. Salomon & Ludwin LLC now owns 1,470 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 1,417 shares in the last quarter. Mark Sheptoff Financial Planning LLC bought a new position in shares of Barclays in the second quarter worth about $28,000. Finally, True Wealth Design LLC purchased a new stake in shares of Barclays during the third quarter worth about $31,000. Hedge funds and other institutional investors own 3.39% of the company’s stock.

Barclays Stock Performance

Barclays stock opened at $26.19 on Friday. The company’s 50-day moving average price is $23.97 and its 200-day moving average price is $21.42. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 5.94. The company has a market cap of $90.78 billion, a PE ratio of 12.07, a price-to-earnings-growth ratio of 0.40 and a beta of 0.98. Barclays PLC has a twelve month low of $12.14 and a twelve month high of $26.64.

Barclays (NYSE:BCS) last released its quarterly earnings results on Tuesday, September 30th. The financial services provider reported $0.45 EPS for the quarter. Barclays had a return on equity of 8.19% and a net margin of 21.26%.The company had revenue of $9.21 billion during the quarter. On average, equities research analysts forecast that Barclays PLC will post 2 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Royal Bank Of Canada restated an “outperform” rating on shares of Barclays in a research note on Thursday, October 23rd. Citigroup restated a “neutral” rating on shares of Barclays in a research report on Monday, December 1st. Zacks Research cut shares of Barclays from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 28th. Morgan Stanley restated an “overweight” rating on shares of Barclays in a research report on Monday, November 24th. Finally, Wall Street Zen cut Barclays from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Barclays 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.