Cornerstone Investment Partners LLC Has $98,000 Stake in Barclays PLC (BCS)

Cornerstone Investment Partners LLC reduced its stake in Barclays PLC (NYSE:BCS) by 45.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,972 shares of the financial services provider’s stock after selling 10,951 shares during the period. Cornerstone Investment Partners LLC’s holdings in Barclays were worth $98,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in BCS. First Republic Investment Management Inc. grew its position in Barclays by 20.1% during the 2nd quarter. First Republic Investment Management Inc. now owns 51,721 shares of the financial services provider’s stock worth $518,000 after acquiring an additional 8,641 shares during the last quarter. Natixis grew its position in Barclays by 73.5% during the 2nd quarter. Natixis now owns 115,437 shares of the financial services provider’s stock worth $1,158,000 after acquiring an additional 48,916 shares during the last quarter. Cubist Systematic Strategies LLC grew its position in Barclays by 220.9% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 56,704 shares of the financial services provider’s stock worth $569,000 after acquiring an additional 39,035 shares during the last quarter. Glenmede Trust Co. NA bought a new stake in Barclays during the 2nd quarter worth approximately $6,216,000. Finally, Private Wealth Partners LLC bought a new stake in Barclays during the 2nd quarter worth approximately $201,000. Institutional investors own 3.24% of the company’s stock.

A number of research firms recently commented on BCS. Zacks Investment Research upgraded Barclays from a “hold” rating to a “strong-buy” rating and set a $11.00 price target on the stock in a research report on Monday, November 12th. ValuEngine upgraded Barclays from a “strong sell” rating to a “sell” rating in a research report on Tuesday, October 30th. Credit Suisse Group reiterated a “neutral” rating on shares of Barclays in a research report on Friday, November 9th. Finally, Berenberg Bank upgraded Barclays from a “hold” rating to a “buy” rating in a research report on Monday, October 1st. Three analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $11.00.

BCS traded up $0.01 during mid-day trading on Friday, reaching $8.12. The stock had a trading volume of 368,338 shares, compared to its average volume of 4,106,297. The firm has a market capitalization of $34.26 billion, a price-to-earnings ratio of 9.78, a PEG ratio of 0.33 and a beta of 0.68. The company has a debt-to-equity ratio of 4.99, a quick ratio of 1.50 and a current ratio of 1.52. Barclays PLC has a 52 week low of $7.07 and a 52 week high of $12.55.

Barclays (NYSE:BCS) last announced its quarterly earnings data on Wednesday, October 24th. The financial services provider reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.11. The firm had revenue of $6.68 billion for the quarter, compared to analyst estimates of $6.76 billion. Barclays had a return on equity of 6.30% and a net margin of 1.94%. As a group, research analysts forecast that Barclays PLC will post 1.13 EPS for the current year.

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Barclays Profile

Barclays PLC, through its subsidiaries, provides various financial products and services in the United Kingdom, other European countries, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International divisions. It offers personal and business banking services; credit and debit cards; international banking; and private banking services, which include investment, wealth planning, and credit and specialist solutions to high net worth and ultra-high net worth clients, and family offices.

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Institutional Ownership by Quarter for Barclays (NYSE:BCS)

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