Barclays PLC (NYSE:BCS) Shares Sold by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. decreased its holdings in shares of Barclays PLC (NYSE:BCS) by 21.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,061,401 shares of the financial services provider’s stock after selling 1,358,530 shares during the quarter. Goldman Sachs Group Inc. owned about 0.13% of Barclays worth $39,884,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Jones Financial Companies Lllp acquired a new position in shares of Barclays in the 3rd quarter worth approximately $30,000. Principal Securities Inc. acquired a new stake in shares of Barclays during the fourth quarter worth about $34,000. Private Trust Co. NA grew its stake in shares of Barclays by 58.5% in the fourth quarter. Private Trust Co. NA now owns 5,421 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 2,000 shares in the last quarter. Wetzel Investment Advisors Inc. acquired a new stake in shares of Barclays in the fourth quarter valued at $47,000. Finally, Blue Trust Inc. boosted its holdings in Barclays by 23.7% in the fourth quarter. Blue Trust Inc. now owns 8,183 shares of the financial services provider’s stock valued at $64,000 after purchasing an additional 1,567 shares during the period. Hedge funds and other institutional investors own 3.39% of the company’s stock.

Analysts Set New Price Targets

BCS has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft began coverage on Barclays in a report on Thursday, May 9th. They set a “buy” rating on the stock. StockNews.com raised shares of Barclays from a “hold” rating to a “buy” rating in a report on Monday, May 13th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Barclays currently has an average rating of “Hold” and a consensus price target of $190.00.

Barclays Price Performance

Shares of NYSE BCS opened at $10.44 on Friday. The stock’s 50-day simple moving average is $10.56 and its 200-day simple moving average is $9.02. The company has a debt-to-equity ratio of 6.15, a quick ratio of 1.39 and a current ratio of 1.39. The firm has a market capitalization of $39.39 billion, a PE ratio of 7.79, a price-to-earnings-growth ratio of 0.38 and a beta of 1.42. Barclays PLC has a fifty-two week low of $6.23 and a fifty-two week high of $11.42.

Barclays (NYSE:BCS) last issued its earnings results on Thursday, April 25th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.07. The business had revenue of $8.82 billion during the quarter. Barclays had a net margin of 17.21% and a return on equity of 6.13%. As a group, equities research analysts forecast that Barclays PLC will post 1.6 EPS 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.