Ellevest Inc. Reduces Stake in Barclays PLC $BCS

Ellevest Inc. decreased its holdings in shares of Barclays PLC (NYSE:BCS) by 22.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 17,297 shares of the financial services provider’s stock after selling 4,889 shares during the quarter. Ellevest Inc.’s holdings in Barclays were worth $322,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Elequin Capital LP acquired a new stake in Barclays during the first quarter worth approximately $30,000. Wealthquest Corp purchased a new position in shares of Barclays in the 1st quarter valued at $32,000. Zions Bancorporation National Association UT acquired a new stake in Barclays during the 1st quarter worth $40,000. WPG Advisers LLC purchased a new stake in Barclays in the first quarter valued at $40,000. Finally, Dogwood Wealth Management LLC acquired a new position in Barclays in the second quarter valued at $46,000. 3.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on BCS shares. Wall Street Zen downgraded Barclays from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Morgan Stanley reaffirmed an “overweight” rating on shares of Barclays in a research report on Monday, October 6th. Weiss Ratings reissued a “buy (b)” rating on shares of Barclays in a report on Wednesday, October 8th. Zacks Research lowered shares of Barclays from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 28th. Finally, Citigroup reiterated a “neutral” rating on shares of Barclays in a research report on Thursday, October 23rd. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Barclays Trading Up 1.5%

Shares of BCS stock opened at $21.58 on Friday. The company has a market capitalization of $75.46 billion, a P/E ratio of 9.94, a price-to-earnings-growth ratio of 0.41 and a beta of 1.14. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 5.94. The business’s 50 day moving average is $20.53 and its two-hundred day moving average is $19.02. Barclays PLC has a twelve month low of $12.14 and a twelve month high of $21.68.

Barclays (NYSE:BCS) last issued its quarterly earnings results on Wednesday, October 22nd. The financial services provider reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.02. Barclays had a return on equity of 8.19% and a net margin of 21.26%.The firm had revenue of $9.59 billion during the quarter, compared to the consensus estimate of $6.95 billion. Equities analysts forecast that Barclays PLC will post 2 EPS for the current year.

About Barclays

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.