Barclays PLC $BCS Shares Sold by Dorsey Wright & Associates

Dorsey Wright & Associates lowered its position in Barclays PLC (NYSE:BCS) by 38.7% during the second quarter, HoldingsChannel reports. The firm owned 115,319 shares of the financial services provider’s stock after selling 72,742 shares during the period. Dorsey Wright & Associates’ holdings in Barclays were worth $2,144,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Acadian Asset Management LLC lifted its stake in shares of Barclays by 37.6% in the first quarter. Acadian Asset Management LLC now owns 33,607,068 shares of the financial services provider’s stock worth $516,163,000 after buying an additional 9,188,263 shares in the last quarter. Natixis Advisors LLC lifted its stake in Barclays by 78.7% in the 1st quarter. Natixis Advisors LLC now owns 8,892,766 shares of the financial services provider’s stock worth $136,593,000 after purchasing an additional 3,917,785 shares in the last quarter. Bank of Montreal Can boosted its holdings in shares of Barclays by 289.6% during the 2nd quarter. Bank of Montreal Can now owns 1,991,960 shares of the financial services provider’s stock worth $37,031,000 after purchasing an additional 1,480,716 shares during the last quarter. Invesco Ltd. grew its position in shares of Barclays by 8,088.1% in the first quarter. Invesco Ltd. now owns 882,108 shares of the financial services provider’s stock valued at $13,549,000 after purchasing an additional 871,335 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Barclays in the first quarter valued at approximately $12,809,000. Hedge funds and other institutional investors own 3.39% of the company’s stock.

Barclays Price Performance

Barclays stock opened at $21.11 on Wednesday. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 5.94. Barclays PLC has a 52-week low of $12.14 and a 52-week high of $22.64. The firm has a market cap of $73.46 billion, a PE ratio of 9.73, a price-to-earnings-growth ratio of 0.40 and a beta of 1.14. The company’s 50 day moving average is $20.85 and its two-hundred day moving average is $19.41.

Barclays (NYSE:BCS) last announced its quarterly earnings data on Wednesday, October 22nd. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, beating 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 business had revenue of $9.59 billion during the quarter, compared to analysts’ expectations of $6.95 billion. On average, research analysts expect that Barclays PLC will post 2 EPS for the current fiscal year.

Analyst Ratings Changes

BCS has been the topic of several analyst reports. Royal Bank Of Canada reiterated an “outperform” rating on shares of Barclays in a report on Thursday, October 23rd. Citigroup reissued a “neutral” rating on shares of Barclays in a research note on Thursday, October 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Barclays in a research report on Wednesday, October 8th. Morgan Stanley reiterated an “overweight” rating on shares of Barclays in a research report on Monday, October 6th. Finally, Wall Street Zen downgraded Barclays from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

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.