Oppenheimer Asset Management Inc. Decreases Stock Holdings in Barclays PLC (NYSE:BCS)

Oppenheimer Asset Management Inc. trimmed its stake in shares of Barclays PLC (NYSE:BCS) by 4.4% in the 3rd quarter, Holdings Channel reports. The firm owned 346,705 shares of the financial services provider’s stock after selling 15,922 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Barclays were worth $4,212,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in BCS. Rothschild Investment LLC purchased a new position in shares of Barclays during the second quarter valued at approximately $30,000. EverSource Wealth Advisors LLC raised its holdings in shares of Barclays by 71.8% during the first quarter. EverSource Wealth Advisors LLC now owns 3,647 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 1,524 shares during the last quarter. Symphony Financial Ltd. Co. purchased a new position in shares of Barclays during the third quarter valued at approximately $42,000. EntryPoint Capital LLC purchased a new stake in Barclays during the first quarter valued at approximately $48,000. Finally, Hexagon Capital Partners LLC increased its holdings in Barclays by 32.4% during the third quarter. Hexagon Capital Partners LLC now owns 4,624 shares of the financial services provider’s stock valued at $56,000 after buying an additional 1,132 shares during the last quarter. 3.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on BCS. Kepler Capital Markets began coverage on shares of Barclays in a report on Thursday, September 5th. They set a “buy” rating for the company. StockNews.com raised shares of Barclays from a “buy” rating to a “strong-buy” rating in a report on Thursday. Finally, The Goldman Sachs Group began coverage on shares of Barclays in a report on Tuesday, October 8th. They set a “buy” rating for the company.

Barclays Stock Performance

BCS opened at $13.20 on Friday. The firm has a market cap of $48.05 billion, a P/E ratio of 8.98 and a beta of 1.41. Barclays PLC has a 1-year low of $6.91 and a 1-year high of $13.57. The company has a 50 day simple moving average of $12.38 and a two-hundred day simple moving average of $11.63. The company has a debt-to-equity ratio of 5.67, a current ratio of 1.35 and a quick ratio of 1.35.

Barclays (NYSE:BCS) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.56 earnings per share for the quarter. The business had revenue of $8.52 billion during the quarter. Barclays had a net margin of 17.83% and a return on equity of 6.30%. During the same quarter in the previous year, the company earned $0.42 earnings per share. Equities analysts forecast that Barclays PLC will post 1.71 earnings per share for the current fiscal year.

Barclays Company 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.