Channing Global Advisors LLC Cuts Stake in Barclays PLC (NYSE:BCS)

Channing Global Advisors LLC cut its holdings in Barclays PLC (NYSE:BCS) by 31.8% in the third quarter, Holdings Channel reports. The fund owned 48,039 shares of the financial services provider’s stock after selling 22,354 shares during the quarter. Channing Global Advisors LLC’s holdings in Barclays were worth $584,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Acadian Asset Management LLC increased its holdings in shares of Barclays by 1,362.1% in the 2nd quarter. Acadian Asset Management LLC now owns 19,682,115 shares of the financial services provider’s stock valued at $210,762,000 after acquiring an additional 18,335,937 shares during the period. FMR LLC grew its stake in Barclays by 11.6% in the third quarter. FMR LLC now owns 6,432,007 shares of the financial services provider’s stock valued at $78,149,000 after purchasing an additional 667,498 shares during the last quarter. Raymond James & Associates raised its holdings in Barclays by 11.9% in the third quarter. Raymond James & Associates now owns 4,007,379 shares of the financial services provider’s stock worth $48,690,000 after purchasing an additional 426,815 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Barclays by 190.9% during the second quarter. Renaissance Technologies LLC now owns 3,661,086 shares of the financial services provider’s stock valued at $39,210,000 after buying an additional 2,402,500 shares during the last quarter. Finally, Natixis Advisors LLC boosted its holdings in shares of Barclays by 286.1% in the 3rd quarter. Natixis Advisors LLC now owns 3,565,033 shares of the financial services provider’s stock valued at $43,315,000 after buying an additional 2,641,608 shares in the last quarter. 3.39% of the stock is currently owned by institutional investors.

Barclays Stock Performance

BCS opened at $13.23 on Friday. The firm’s 50-day moving average price is $12.67 and its 200-day moving average price is $11.82. The company has a market cap of $47.91 billion, a P/E ratio of 9.00 and a beta of 1.41. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 5.67. Barclays PLC has a 52-week low of $7.02 and a 52-week high of $13.57.

Barclays (NYSE:BCS) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter. The business had revenue of $8.52 billion for the quarter. Barclays had a net margin of 17.83% and a return on equity of 6.30%. During the same quarter in the previous year, the company posted $0.42 EPS. As a group, equities analysts anticipate that Barclays PLC will post 1.71 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Kepler Capital Markets started coverage on shares of Barclays in a research note on Thursday, September 5th. They set a “buy” rating for the company. The Goldman Sachs Group initiated coverage on Barclays in a report on Tuesday, October 8th. They set a “buy” rating for the company. Finally, StockNews.com downgraded Barclays from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 22nd.

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.