Barclays PLC $BCS Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC lessened its position in shares of Barclays PLC (NYSE:BCS) by 1.0% in the third quarter, Holdings Channel reports. The fund owned 92,918,917 shares of the financial services provider’s stock after selling 985,506 shares during the quarter. Fisher Asset Management LLC’s holdings in Barclays were worth $2,255,142,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Brooklands Fund Management Ltd purchased a new stake in shares of Barclays during the 1st quarter valued at about $1,405,000. Corient Private Wealth LP bought a new position in shares of Barclays in the 2nd quarter worth approximately $2,338,000. NINE MASTS CAPITAL Ltd bought a new position in shares of Barclays in the 2nd quarter worth approximately $13,268,000. Barometer Capital Management Inc. boosted its holdings in shares of Barclays by 2,009.8% in the first quarter. Barometer Capital Management Inc. now owns 86,500 shares of the financial services provider’s stock worth $1,830,000 after buying an additional 82,400 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Barclays in the second quarter worth approximately $9,888,000. Institutional investors own 3.39% of the company’s stock.

Barclays Stock Down 1.3%

NYSE BCS opened at $22.85 on Friday. Barclays PLC has a 52 week low of $19.83 and a 52 week high of $28.68. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 5.89. The company has a market capitalization of $76.40 billion, a P/E ratio of 8.33, a price-to-earnings-growth ratio of 0.50 and a beta of 1.04. The stock’s 50-day moving average price is $23.85 and its 200-day moving average price is $24.75.

Barclays (NYSE:BCS) last announced its quarterly earnings data on Wednesday, October 21st. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). The company had revenue of $9.85 billion for the quarter, compared to the consensus estimate of $10.10 billion. Barclays had a net margin of 22.74% and a return on equity of 9.02%. On average, equities research analysts predict that Barclays PLC will post 2.78 earnings per share for the current year.

Analyst Upgrades and Downgrades

BCS has been the subject of several recent research reports. Citigroup restated a “neutral” rating on shares of Barclays in a research report on Thursday, July 16th. Deutsche Bank reiterated a “buy” rating on shares of Barclays in a research report on Friday, October 23rd. Weiss Ratings cut shares of Barclays from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, October 23rd. JPMorgan Chase & Co. restated a “buy” rating on shares of Barclays in a research note on Friday, October 23rd. Finally, Bank of America lowered Barclays from a “buy” rating to a “neutral” rating in a research note on Tuesday, September 1st. Ten equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, Barclays currently has an average rating of “Moderate Buy” and an average price target of $26.00.

Barclays Company Profile

Barclays is a British banking group that provides financial services to individuals, businesses, corporations and institutions. Its principal activities include retail and business banking, credit cards and payments, corporate banking, investment banking and wealth management. The company serves customers in the United Kingdom and internationally, with a significant presence in the United States. Its businesses include Barclays UK, which focuses on UK consumer and business banking, and Barclays International, which includes its international banking and markets operations.