Main Street Research LLC Sells 831,866 Shares of Barclays PLC $BCS

Main Street Research LLC lessened its position in shares of Barclays PLC (NYSE:BCS) by 49.4% in the first quarter, Holdings Channel.com reports. The firm owned 850,971 shares of the financial services provider’s stock after selling 831,866 shares during the period. Main Street Research LLC’s holdings in Barclays were worth $18,007,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. UMB Bank n.a. boosted its position in shares of Barclays by 25.6% during the fourth quarter. UMB Bank n.a. now owns 2,186 shares of the financial services provider’s stock worth $56,000 after buying an additional 445 shares during the period. Arkadios Wealth Advisors raised its position in Barclays by 3.5% in the 4th quarter. Arkadios Wealth Advisors now owns 14,886 shares of the financial services provider’s stock valued at $379,000 after buying an additional 498 shares during the last quarter. Diversified Trust Co. raised its position in Barclays by 0.4% in the 4th quarter. Diversified Trust Co. now owns 122,957 shares of the financial services provider’s stock valued at $3,129,000 after buying an additional 507 shares during the last quarter. Root Financial Partners LLC lifted its stake in Barclays by 13.6% in the 4th quarter. Root Financial Partners LLC now owns 4,315 shares of the financial services provider’s stock valued at $110,000 after acquiring an additional 517 shares in the last quarter. Finally, Parallel Advisors LLC boosted its position in Barclays by 2.7% during the 4th quarter. Parallel Advisors LLC now owns 19,703 shares of the financial services provider’s stock worth $501,000 after acquiring an additional 520 shares during the last quarter. Institutional investors and hedge funds own 3.39% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on BCS. Berenberg Bank started coverage on shares of Barclays in a research note on Wednesday, June 24th. They set a “buy” rating for the company. Piper Sandler upgraded shares of Barclays from an “overweight” rating to a “buy” rating in a report on Friday, June 12th. Citigroup reaffirmed a “neutral” rating on shares of Barclays in a research report on Thursday, April 23rd. Morgan Stanley reiterated an “overweight” rating on shares of Barclays in a research note on Thursday, July 2nd. Finally, BNP Paribas Exane cut shares of Barclays from an “outperform” rating to a “neutral” rating in a research report on Tuesday, April 14th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Barclays Price Performance

NYSE:BCS opened at $27.23 on Friday. The stock has a market capitalization of $92.83 billion, a PE ratio of 11.35, a P/E/G ratio of 0.46 and a beta of 1.00. Barclays PLC has a 1-year low of $18.33 and a 1-year high of $28.43. The firm has a fifty day simple moving average of $25.04 and a 200 day simple moving average of $24.52. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 5.94.

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

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.