Barclays PLC $BCS Shares Sold by Genus Capital Management Inc.

Genus Capital Management Inc. decreased its holdings in shares of Barclays PLC (NYSE:BCS) by 11.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 36,705 shares of the financial services provider’s stock after selling 4,950 shares during the period. Genus Capital Management Inc.’s holdings in Barclays were worth $682,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its holdings in Barclays by 14.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 352,328 shares of the financial services provider’s stock worth $5,412,000 after purchasing an additional 43,607 shares in the last quarter. FORA Capital LLC purchased a new position in Barclays during the first quarter worth about $697,000. Invesco Ltd. raised its holdings in Barclays by 8,088.1% during the first quarter. Invesco Ltd. now owns 882,108 shares of the financial services provider’s stock worth $13,549,000 after purchasing an additional 871,335 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in Barclays during the first quarter worth about $230,000. Finally, Jefferies Financial Group Inc. purchased a new position in Barclays during the first quarter worth about $286,000. Institutional investors and hedge funds own 3.39% of the company’s stock.

Analyst Upgrades and Downgrades

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

Barclays Stock Up 0.7%

BCS stock opened at $21.25 on Thursday. The company’s 50 day simple moving average is $20.50 and its 200-day simple moving average is $19.00. The firm has a market capitalization of $74.32 billion, a PE ratio of 9.79, a P/E/G ratio of 0.41 and a beta of 1.14. Barclays PLC has a 12 month low of $12.14 and a 12 month high of $21.61. The company has a debt-to-equity ratio of 5.94, a current ratio of 1.41 and a quick ratio of 1.41.

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