NFJ Investment Group LLC Has $460,000 Holdings in Barclays PLC (NYSE:BCS)

NFJ Investment Group LLC cut its holdings in Barclays PLC (NYSE:BCS) by 11.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 37,840 shares of the financial services provider’s stock after selling 4,975 shares during the period. NFJ Investment Group LLC’s holdings in Barclays were worth $460,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BCS. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Barclays in the first quarter valued at approximately $95,000. Cetera Advisors LLC acquired a new position in Barclays during the first quarter worth $151,000. EverSource Wealth Advisors LLC increased its holdings in Barclays by 71.8% during the first quarter. EverSource Wealth Advisors LLC now owns 3,647 shares of the financial services provider’s stock worth $37,000 after buying an additional 1,524 shares during the last quarter. GAMMA Investing LLC increased its holdings in Barclays by 47.5% during the second quarter. GAMMA Investing LLC now owns 6,506 shares of the financial services provider’s stock worth $70,000 after buying an additional 2,095 shares during the last quarter. Finally, Park Avenue Securities LLC increased its holdings in Barclays by 11.6% during the second quarter. Park Avenue Securities LLC now owns 71,015 shares of the financial services provider’s stock worth $761,000 after buying an additional 7,387 shares during the last quarter. 3.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on BCS. The Goldman Sachs Group began coverage on shares of Barclays in a report on Tuesday, October 8th. They set a “buy” rating on the stock. Kepler Capital Markets began coverage on shares of Barclays in a report on Thursday, September 5th. They set a “buy” rating on the stock. Finally, StockNews.com downgraded shares of Barclays from a “strong-buy” rating to a “buy” rating in a report on Friday, November 22nd.

Barclays Trading Down 0.5 %

BCS stock opened at $13.38 on Thursday. The company has a debt-to-equity ratio of 5.67, a current ratio of 1.35 and a quick ratio of 1.35. The company has a fifty day moving average price of $12.77 and a two-hundred day moving average price of $11.89. Barclays PLC has a one year low of $7.02 and a one year high of $13.57. The stock has a market cap of $48.45 billion, a price-to-earnings ratio of 9.10 and a beta of 1.41.

Barclays (NYSE:BCS) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.56 EPS for the quarter. Barclays had a net margin of 17.83% and a return on equity of 6.30%. The firm had revenue of $8.52 billion during the quarter. During the same period last year, the firm earned $0.42 earnings per share. Equities analysts anticipate that Barclays PLC will post 1.85 EPS for the current year.

Barclays Profile

Barclays PLC provides various financial services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International division segments. It offers financial services, such as retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.