Raymond James Financial Services Advisors Inc. Cuts Stock Holdings in Barclays PLC (NYSE:BCS)

Raymond James Financial Services Advisors Inc. decreased its stake in shares of Barclays PLC (NYSE:BCS) by 3.5% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 83,727 shares of the financial services provider’s stock after selling 3,047 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Barclays were worth $864,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Cambridge Investment Research Advisors Inc. lifted its holdings in Barclays by 6.7% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 15,998 shares of the financial services provider’s stock worth $165,000 after acquiring an additional 1,007 shares during the period. Whittier Trust Co. of Nevada Inc. bought a new stake in Barclays during the third quarter worth $125,000. M&T Bank Corp lifted its holdings in Barclays by 4.5% during the third quarter. M&T Bank Corp now owns 45,103 shares of the financial services provider’s stock worth $464,000 after acquiring an additional 1,934 shares during the period. Signaturefd LLC lifted its holdings in Barclays by 11.8% during the third quarter. Signaturefd LLC now owns 53,480 shares of the financial services provider’s stock worth $552,000 after acquiring an additional 5,651 shares during the period. Finally, Financial Counselors Inc. bought a new stake in Barclays during the third quarter worth $296,000. Institutional investors and hedge funds own 2.56% of the company’s stock.

Barclays stock opened at $12.09 on Friday. Barclays PLC has a 52 week low of $7.21 and a 52 week high of $12.20. The business has a 50-day simple moving average of $10.43 and a 200 day simple moving average of $10.29. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 5.32. The stock has a market cap of $50.93 billion, a price-to-earnings ratio of 6.75, a PEG ratio of 0.21 and a beta of 1.55.

Barclays (NYSE:BCS) last posted its earnings results on Thursday, October 21st. The financial services provider reported $0.47 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.02). Barclays had a return on equity of 8.28% and a net margin of 25.47%. The business had revenue of $7.53 billion for the quarter, compared to analysts’ expectations of $7.61 billion. During the same quarter in the previous year, the firm earned $0.20 earnings per share. On average, research analysts anticipate that Barclays PLC will post 1.9 earnings per share for the current year.

A number of analysts recently commented on BCS shares. Deutsche Bank Aktiengesellschaft lowered Barclays from a “buy” rating to a “hold” rating and set a $240.00 price target on the stock. in a report on Tuesday, December 7th. Redburn Partners upgraded Barclays from a “neutral” rating to a “buy” rating in a research note on Thursday, September 30th. Berenberg Bank boosted their target price on Barclays from 230.00 to 245.00 and gave the company a “buy” rating in a research note on Friday, October 22nd. BCS upgraded Barclays from a “neutral” rating to a “buy” rating in a research note on Thursday, September 30th. Finally, UBS Group upgraded Barclays to a “buy” rating in a research note on Tuesday, October 26th. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $202.33.

About Barclays

Barclays Plc operates as a bank holding company that engages in the business of providing retail banking, credit cards, corporate and investment banking and wealth management services. The firm operates through two divisions: Barclays UK and Barclays International. The Barclays UK division comprises the U.K.

Further Reading: Arbitrage

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Institutional Ownership by Quarter for Barclays (NYSE:BCS)

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