Barclays PLC (NYSE:BCS) Shares Sold by Schechter Investment Advisors LLC

Schechter Investment Advisors LLC trimmed its holdings in shares of Barclays PLC (NYSE:BCS) by 80.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,748 shares of the financial services provider’s stock after selling 51,105 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Barclays were worth $196,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of BCS. Financial Management Professionals Inc. acquired a new stake in shares of Barclays during the first quarter valued at about $29,000. Wealthquest Corp acquired a new stake in Barclays in the 1st quarter valued at approximately $32,000. TD Private Client Wealth LLC raised its position in Barclays by 135.5% in the fourth quarter. TD Private Client Wealth LLC now owns 2,916 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 1,678 shares during the period. Wayfinding Financial LLC acquired a new position in Barclays during the first quarter worth $46,000. Finally, Farther Finance Advisors LLC lifted its stake in Barclays by 36.8% during the fourth quarter. Farther Finance Advisors LLC now owns 3,762 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 1,011 shares in the last quarter. 3.39% of the stock is currently owned by hedge funds and other institutional investors.

Barclays Price Performance

Barclays stock opened at $18.74 on Thursday. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 5.75. Barclays PLC has a 52-week low of $10.23 and a 52-week high of $18.82. The firm has a market cap of $66.32 billion, a PE ratio of 9.51, a price-to-earnings-growth ratio of 0.45 and a beta of 1.10. The company’s 50 day moving average is $17.85 and its two-hundred day moving average is $15.89.

Barclays (NYSE:BCS) last announced its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.04. Barclays had a return on equity of 8.04% and a net margin of 21.27%. The business had revenue of $10.32 billion for the quarter, compared to analysts’ expectations of $8.37 billion. On average, research analysts expect that Barclays PLC will post 2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on BCS shares. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Barclays in a research note on Wednesday. Wall Street Zen downgraded Barclays from a “buy” rating to a “hold” rating in a research report on Sunday. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

Barclays Profile

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.