Arrowstreet Capital Limited Partnership Sells 1,726,700 Shares of Barclays PLC $BCS

Arrowstreet Capital Limited Partnership trimmed its position in Barclays PLC (NYSE:BCS) by 32.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,593,214 shares of the financial services provider’s stock after selling 1,726,700 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Barclays were worth $91,447,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Commonwealth Retirement Investments LLC purchased a new position in Barclays in the fourth quarter worth about $26,000. Caitong International Asset Management Co. Ltd purchased a new position in Barclays in the fourth quarter worth about $26,000. Advocate Investing Services LLC purchased a new position in Barclays in the fourth quarter worth about $33,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Barclays in the fourth quarter worth about $39,000. Finally, Johnson Financial Group Inc. purchased a new position in Barclays in the third quarter worth about $44,000. 3.39% of the stock is owned by institutional investors.

Barclays Stock Performance

Barclays stock opened at $25.63 on Tuesday. The company has a 50 day moving average price of $23.68 and a 200-day moving average price of $24.09. The company has a debt-to-equity ratio of 5.94, a quick ratio of 1.44 and a current ratio of 1.44. Barclays PLC has a fifty-two week low of $17.22 and a fifty-two week high of $27.70. The company has a market capitalization of $87.37 billion, a PE ratio of 10.68, a P/E/G ratio of 0.47 and a beta of 1.01.

Barclays (NYSE:BCS) last posted its quarterly earnings results on Monday, April 27th. The financial services provider reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.01. Barclays had a net margin of 21.10% and a return on equity of 8.12%. The firm had revenue of $5.07 billion during the quarter, compared to the consensus estimate of $10.88 billion. As a group, equities analysts forecast that Barclays PLC will post 2.75 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on BCS. Citigroup restated a “neutral” rating on shares of Barclays in a research report on Thursday, April 23rd. Zacks Research lowered Barclays from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 19th. Royal Bank Of Canada restated an “outperform” rating on shares of Barclays in a research report on Wednesday, April 29th. Piper Sandler upgraded Barclays from an “overweight” rating to a “buy” rating in a research report on Friday. Finally, Weiss Ratings lowered Barclays from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, April 21st. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Barclays presently has a consensus rating of “Moderate Buy”.

About Barclays

Barclays PLC (NYSE: BCS) is a British multinational bank and financial services company headquartered in London. The firm provides a broad range of banking and financial products to individual, corporate and institutional customers. Its core activities span retail and business banking, credit cards and payments, corporate and investment banking, and wealth and investment management.

In retail and business banking, Barclays offers deposit accounts, mortgages, personal and business loans, and card services.