Public Employees Retirement System of Ohio Sells 164,461 Shares of Barclays PLC $BCS

Public Employees Retirement System of Ohio lessened its holdings in shares of Barclays PLC (NYSE:BCS) by 30.9% during the 1st quarter, Holdings Channel.com reports. The fund owned 368,120 shares of the financial services provider’s stock after selling 164,461 shares during the period. Public Employees Retirement System of Ohio’s holdings in Barclays were worth $7,789,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd acquired a new position in shares of Barclays during the 4th quarter worth $26,000. Commonwealth Retirement Investments LLC bought a new stake in Barclays in the fourth quarter worth $26,000. SHP Wealth Management acquired a new position in Barclays during the fourth quarter worth $28,000. Advocate Investing Services LLC acquired a new position in Barclays during the fourth quarter worth $33,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in Barclays during the fourth quarter valued at about $39,000. 3.39% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Piper Sandler upgraded Barclays from an “overweight” rating to a “buy” rating in a research note on Friday, June 12th. Berenberg Bank began coverage on Barclays in a research note on Wednesday, June 24th. They issued a “buy” rating on the stock. BNP Paribas Exane lowered Barclays from an “outperform” rating to a “neutral” rating in a report on Tuesday, April 14th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Barclays in a research report on Friday, July 17th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Barclays in a report on Wednesday, April 29th. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Barclays Stock Up 2.3%

BCS stock opened at $28.55 on Tuesday. The company has a debt-to-equity ratio of 5.94, a current ratio of 1.44 and a quick ratio of 1.44. Barclays PLC has a 52-week low of $18.79 and a 52-week high of $28.67. The company has a 50-day moving average of $26.17 and a two-hundred day moving average of $24.71. The stock has a market capitalization of $97.30 billion, a price-to-earnings ratio of 11.89, a price-to-earnings-growth ratio of 0.47 and a beta of 1.00.

Barclays (NYSE:BCS) last posted its quarterly earnings data on Monday, July 27th. The financial services provider reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.05. Barclays had a return on equity of 8.12% and a net margin of 21.10%.The business had revenue of $312.66 million for the quarter, compared to analyst estimates of $10.78 billion. As a group, equities research analysts anticipate that Barclays PLC will post 2.86 EPS for the current year.

About Barclays

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.