Gallacher Capital Management LLC Cuts Stake in Barclays PLC (NYSE:BCS)

Gallacher Capital Management LLC cut its stake in Barclays PLC (NYSE:BCS) by 15.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,757 shares of the financial services provider’s stock after selling 6,474 shares during the quarter. Gallacher Capital Management LLC’s holdings in Barclays were worth $328,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of BCS. Principal Securities Inc. acquired a new position in shares of Barclays during the fourth quarter valued at approximately $34,000. GAMMA Investing LLC increased its position in shares of Barclays by 51.7% during the first quarter. GAMMA Investing LLC now owns 4,411 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 1,503 shares in the last quarter. Private Trust Co. NA lifted its holdings in Barclays by 58.5% in the 4th quarter. Private Trust Co. NA now owns 5,421 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 2,000 shares in the last quarter. Wetzel Investment Advisors Inc. purchased a new position in Barclays in the 4th quarter valued at $47,000. Finally, Lindbrook Capital LLC boosted its stake in Barclays by 18.6% during the 1st quarter. Lindbrook Capital LLC now owns 6,282 shares of the financial services provider’s stock worth $59,000 after purchasing an additional 986 shares during the last quarter. 3.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of Barclays in a research report on Thursday, May 9th. They set a “buy” rating on the stock. StockNews.com upgraded Barclays from a “hold” rating to a “buy” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Barclays Trading Up 0.2 %

Shares of NYSE BCS traded up $0.02 during trading on Friday, hitting $11.61. 5,138,259 shares of the company were exchanged, compared to its average volume of 15,418,888. The company has a fifty day moving average price of $10.92 and a 200-day moving average price of $9.37. 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 $43.02 billion, a PE ratio of 8.65, a P/E/G ratio of 0.41 and a beta of 1.44. Barclays PLC has a 12-month low of $6.23 and a 12-month high of $11.64.

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