Pzena Investment Management LLC Sells 12,290 Shares of Barclays PLC (NYSE:BCS)

Pzena Investment Management LLC lessened its stake in Barclays PLC (NYSE:BCS) by 12.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 85,302 shares of the financial services provider’s stock after selling 12,290 shares during the quarter. Pzena Investment Management LLC’s holdings in Barclays were worth $1,036,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Russell Investments Group Ltd. lifted its position in shares of Barclays by 3.1% during the 1st quarter. Russell Investments Group Ltd. now owns 159,804 shares of the financial services provider’s stock valued at $1,510,000 after buying an additional 4,873 shares during the last quarter. Lake Street Advisors Group LLC lifted its position in shares of Barclays by 12.3% during the first quarter. Lake Street Advisors Group LLC now owns 41,111 shares of the financial services provider’s stock worth $400,000 after acquiring an additional 4,492 shares in the last quarter. National Bank of Canada FI boosted its holdings in shares of Barclays by 6,028.3% in the first quarter. National Bank of Canada FI now owns 1,718,379 shares of the financial services provider’s stock worth $16,239,000 after acquiring an additional 1,690,339 shares during the period. Pitcairn Co. purchased a new position in Barclays during the 1st quarter valued at about $167,000. Finally, EntryPoint Capital LLC bought a new position in Barclays in the 1st quarter valued at $48,000. 3.39% of the stock is owned by institutional investors.

Barclays Stock Performance

NYSE BCS opened at $13.24 on Thursday. Barclays PLC has a 52-week low of $7.02 and a 52-week high of $13.57. The company has a fifty day moving average of $12.51 and a 200-day moving average of $11.72. The company has a market capitalization of $47.93 billion, a P/E ratio of 9.00 and a beta of 1.41. 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 (NYSE:BCS) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter. The firm had revenue of $8.52 billion during the quarter. Barclays had a return on equity of 6.30% and a net margin of 17.83%. During the same period last year, the firm earned $0.42 EPS. As a group, equities research analysts predict that Barclays PLC will post 1.71 EPS for the current fiscal year.

Analyst Ratings Changes

BCS has been the topic of a number of recent analyst reports. Kepler Capital Markets started coverage on Barclays in a research report on Thursday, September 5th. They issued a “buy” rating on the stock. The Goldman Sachs Group initiated coverage on Barclays in a report on Tuesday, October 8th. They issued a “buy” rating on the stock. Finally, StockNews.com raised Barclays from a “buy” rating to a “strong-buy” rating in a report on Thursday, November 14th.

About Barclays

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.