First Trust Direct Indexing L.P. Cuts Holdings in Barclays PLC (NYSE:BCS)

First Trust Direct Indexing L.P. trimmed its holdings in shares of Barclays PLC (NYSE:BCS) by 4.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 69,719 shares of the financial services provider’s stock after selling 3,141 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Barclays were worth $847,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Sage Mountain Advisors LLC increased its holdings in Barclays by 7.7% during the second quarter. Sage Mountain Advisors LLC now owns 11,767 shares of the financial services provider’s stock valued at $126,000 after buying an additional 838 shares during the period. Hexagon Capital Partners LLC grew its holdings in Barclays by 32.4% in the third quarter. Hexagon Capital Partners LLC now owns 4,624 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 1,132 shares during the last quarter. AMG National Trust Bank grew its holdings in Barclays by 0.4% in the second quarter. AMG National Trust Bank now owns 333,744 shares of the financial services provider’s stock worth $3,574,000 after purchasing an additional 1,343 shares during the last quarter. Ballentine Partners LLC grew its holdings in Barclays by 5.5% in the third quarter. Ballentine Partners LLC now owns 27,743 shares of the financial services provider’s stock worth $337,000 after purchasing an additional 1,453 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in Barclays by 71.8% in the first quarter. EverSource Wealth Advisors LLC now owns 3,647 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 1,524 shares during the last quarter. 3.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on BCS. Kepler Capital Markets began coverage on shares of Barclays in a report on Thursday, September 5th. They issued a “buy” rating on the stock. StockNews.com raised shares of Barclays from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Finally, The Goldman Sachs Group initiated coverage on shares of Barclays in a report on Tuesday, October 8th. They issued a “buy” rating on the stock.

Barclays Trading Up 0.9 %

NYSE:BCS opened at $12.53 on Friday. Barclays PLC has a 12 month low of $6.48 and a 12 month high of $13.20. The firm has a fifty day simple moving average of $12.18 and a 200-day simple moving average of $11.41. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 5.67. The company has a market capitalization of $45.59 billion, a P/E ratio of 8.52 and a beta of 1.42.

Barclays (NYSE:BCS) last posted its 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 net margin of 17.83% and a return on equity of 6.30%. During the same quarter in the prior year, the firm earned $0.42 earnings per share. On average, equities research analysts anticipate that Barclays PLC will post 1.66 earnings per share for the current year.

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.