Paradigm Asset Management Co. LLC Sells 1,000 Shares of Barclays PLC (NYSE:BCS)

Paradigm Asset Management Co. LLC lessened its stake in shares of Barclays PLC (NYSE:BCS) by 14.9% in the 3rd quarter, Holdings Channel reports. The firm owned 5,700 shares of the financial services provider’s stock after selling 1,000 shares during the period. Paradigm Asset Management Co. LLC’s holdings in Barclays were worth $69,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Ashton Thomas Private Wealth LLC boosted its holdings in shares of Barclays by 22.9% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 12,741 shares of the financial services provider’s stock valued at $155,000 after purchasing an additional 2,373 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in shares of Barclays by 6.9% in the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 17,565 shares of the financial services provider’s stock valued at $213,000 after acquiring an additional 1,137 shares during the last quarter. Apollon Wealth Management LLC lifted its holdings in shares of Barclays by 10.0% in the 3rd quarter. Apollon Wealth Management LLC now owns 11,826 shares of the financial services provider’s stock valued at $144,000 after acquiring an additional 1,075 shares during the last quarter. Crossmark Global Holdings Inc. lifted its holdings in shares of Barclays by 2.7% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 1,384,348 shares of the financial services provider’s stock valued at $16,820,000 after acquiring an additional 36,513 shares during the last quarter. Finally, Concurrent Investment Advisors LLC bought a new position in shares of Barclays in the 3rd quarter valued at about $126,000. Institutional investors own 3.39% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. The Goldman Sachs Group assumed coverage on shares of Barclays in a report on Tuesday, October 8th. They issued a “buy” rating for the company. StockNews.com downgraded shares of Barclays from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 6th. Finally, Kepler Capital Markets assumed coverage on shares of Barclays in a research note on Thursday, September 5th. They issued a “buy” rating for the company.

Barclays Stock Performance

Barclays stock opened at $13.22 on Wednesday. The company has a 50 day moving average price of $12.30 and a 200-day moving average price of $11.59. The company has a debt-to-equity ratio of 5.67, a quick ratio of 1.35 and a current ratio of 1.35. Barclays PLC has a fifty-two week low of $6.68 and a fifty-two week high of $13.57. The company has a market capitalization of $48.12 billion, a PE ratio of 8.99 and a beta of 1.41.

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. Barclays had a net margin of 17.83% and a return on equity of 6.30%. The firm had revenue of $8.52 billion during the quarter. During the same period in the prior year, the firm posted $0.42 EPS. As a group, equities analysts forecast that Barclays PLC will post 1.66 earnings per share for the current year.

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.