Lockheed Martin Investment Management Co. Sells 43,300 Shares of Barclays PLC $BCS

Lockheed Martin Investment Management Co. decreased its position in Barclays PLC (NYSE:BCS) by 22.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 153,400 shares of the financial services provider’s stock after selling 43,300 shares during the period. Lockheed Martin Investment Management Co.’s holdings in Barclays were worth $3,904,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Barclays in the fourth quarter worth approximately $39,000. First Horizon Corp bought a new stake in shares of Barclays during the 3rd quarter valued at $40,000. Johnson Financial Group Inc. bought a new stake in shares of Barclays during the 3rd quarter valued at $44,000. Root Financial Partners LLC bought a new stake in shares of Barclays during the 3rd quarter valued at $79,000. Finally, Rothschild Investment LLC raised its position in shares of Barclays by 130.9% in the 3rd quarter. Rothschild Investment LLC now owns 4,232 shares of the financial services provider’s stock worth $87,000 after purchasing an additional 2,399 shares during the last quarter. Institutional investors own 3.39% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Zacks Research lowered Barclays from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 19th. Weiss Ratings downgraded Barclays from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, April 21st. Royal Bank Of Canada reiterated an “outperform” rating on shares of Barclays in a research note on Wednesday, April 29th. Citigroup reiterated a “neutral” rating on shares of Barclays in a research note on Thursday, April 23rd. Finally, Morgan Stanley reissued an “overweight” rating on shares of Barclays in a report on Wednesday, February 11th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Barclays Price Performance

BCS stock opened at $22.53 on Friday. The company has a debt-to-equity ratio of 5.94, a quick ratio of 1.44 and a current ratio of 1.44. The company has a market capitalization of $76.80 billion, a PE ratio of 9.39, a price-to-earnings-growth ratio of 0.43 and a beta of 1.01. Barclays PLC has a one year low of $17.22 and a one year high of $27.70. The company’s fifty day moving average price is $22.34 and its 200-day moving average price is $23.65.

Barclays (NYSE:BCS) last posted its earnings results on Monday, April 27th. The financial services provider reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.01. The firm had revenue of $5.07 billion during the quarter, compared to the consensus estimate of $10.88 billion. Barclays had a return on equity of 8.12% and a net margin of 21.10%. On average, equities analysts anticipate that Barclays PLC will post 2.75 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.