Oppenheimer Asset Management Inc. Has $4.85 Million Holdings in Barclays PLC $BCS

Oppenheimer Asset Management Inc. lessened its holdings in shares of Barclays PLC (NYSE:BCS) by 1.6% during the second quarter, HoldingsChannel.com reports. The firm owned 260,867 shares of the financial services provider’s stock after selling 4,291 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Barclays were worth $4,850,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Acadian Asset Management LLC grew its position in shares of Barclays by 37.6% during the 1st quarter. Acadian Asset Management LLC now owns 33,607,068 shares of the financial services provider’s stock worth $516,163,000 after purchasing an additional 9,188,263 shares in the last quarter. Natixis Advisors LLC lifted its holdings in shares of Barclays by 78.7% during the 1st quarter. Natixis Advisors LLC now owns 8,892,766 shares of the financial services provider’s stock worth $136,593,000 after acquiring an additional 3,917,785 shares during the period. Raymond James Financial Inc. lifted its holdings in shares of Barclays by 11.4% during the 1st quarter. Raymond James Financial Inc. now owns 4,976,635 shares of the financial services provider’s stock worth $76,441,000 after acquiring an additional 509,110 shares during the period. Duquesne Family Office LLC lifted its holdings in shares of Barclays by 19.8% during the 1st quarter. Duquesne Family Office LLC now owns 3,817,305 shares of the financial services provider’s stock worth $58,634,000 after acquiring an additional 630,450 shares during the period. Finally, New York State Common Retirement Fund lifted its holdings in shares of Barclays by 65.7% during the 1st quarter. New York State Common Retirement Fund now owns 1,850,260 shares of the financial services provider’s stock worth $28,420,000 after acquiring an additional 733,520 shares during the period. Institutional investors and hedge funds own 3.39% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on BCS shares. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Barclays in a report on Thursday, October 23rd. Wall Street Zen downgraded 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. Citigroup reaffirmed a “neutral” rating on shares of Barclays in a report on Thursday, October 23rd. Finally, Zacks Research raised shares of Barclays from a “hold” rating to a “strong-buy” rating in a report on Monday, September 29th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Barclays Price Performance

Shares of NYSE:BCS opened at $21.56 on Wednesday. The company has a market cap of $75.42 billion, a price-to-earnings ratio of 9.94, a PEG ratio of 0.41 and a beta of 1.10. The company has a debt-to-equity ratio of 5.94, a current ratio of 1.41 and a quick ratio of 1.41. The firm has a 50 day simple moving average of $20.37 and a 200 day simple moving average of $18.71. Barclays PLC has a one year low of $12.14 and a one year high of $21.59.

Barclays (NYSE:BCS) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $6.95 billion. Barclays had a net margin of 21.26% and a return on equity of 8.19%. Research analysts predict that Barclays PLC will post 2 earnings per share for the current fiscal year.

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.