Barclays PLC (NYSE:BCS) Position Reduced by JPMorgan Chase & Co.

JPMorgan Chase & Co. trimmed its position in Barclays PLC (NYSE:BCS - Free Report) by 62.4% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 817,860 shares of the financial services provider's stock after selling 1,355,139 shares during the period. JPMorgan Chase & Co.'s holdings in Barclays were worth $9,937,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Franklin Resources Inc. lifted its position in shares of Barclays by 981.7% in the 3rd quarter. Franklin Resources Inc. now owns 277,243 shares of the financial services provider's stock worth $3,424,000 after buying an additional 251,613 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Barclays during the third quarter worth about $120,000. Rehmann Capital Advisory Group lifted its holdings in Barclays by 83.8% in the third quarter. Rehmann Capital Advisory Group now owns 26,243 shares of the financial services provider's stock worth $324,000 after acquiring an additional 11,966 shares during the last quarter. Coldstream Capital Management Inc. acquired a new position in Barclays in the third quarter valued at approximately $125,000. Finally, MidWestOne Financial Group Inc. grew its holdings in shares of Barclays by 30.2% during the third quarter. MidWestOne Financial Group Inc. now owns 180,215 shares of the financial services provider's stock valued at $2,190,000 after purchasing an additional 41,776 shares during the last quarter. 3.39% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on BCS shares. The Goldman Sachs Group assumed coverage on Barclays in a research report on Tuesday, October 8th. 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, December 19th.

Barclays Stock Performance

Shares of BCS traded up $0.18 during mid-day trading on Tuesday, reaching $13.01. 8,921,756 shares of the company's stock traded hands, compared to its average volume of 15,324,030. The company has a debt-to-equity ratio of 5.67, a quick ratio of 1.35 and a current ratio of 1.35. The business's 50-day moving average price is $13.28 and its 200-day moving average price is $12.38. The stock has a market capitalization of $46.94 billion, a P/E ratio of 8.85 and a beta of 1.41. Barclays PLC has a 12 month low of $7.07 and a 12 month high of $13.83.

Barclays (NYSE:BCS - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter. The company 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 quarter last year, the firm posted $0.42 EPS. Equities analysts predict that Barclays PLC will post 1.85 earnings per share for the current 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.