Legacy Wealth Asset Management LLC Sells 3,199 Shares of Barclays PLC (NYSE:BCS)

Legacy Wealth Asset Management LLC lessened its holdings in shares of Barclays PLC (NYSE:BCS) by 5.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 57,449 shares of the financial services provider’s stock after selling 3,199 shares during the quarter. Legacy Wealth Asset Management LLC’s holdings in Barclays were worth $763,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BCS. Symphony Financial Ltd. Co. bought a new position in Barclays in the 3rd quarter worth $42,000. Versant Capital Management Inc bought a new position in Barclays in the fourth quarter worth about $44,000. Hexagon Capital Partners LLC lifted 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 buying an additional 1,132 shares during the period. GAMMA Investing LLC grew its holdings in shares of Barclays by 42.6% during the 3rd quarter. GAMMA Investing LLC now owns 9,280 shares of the financial services provider’s stock worth $113,000 after acquiring an additional 2,774 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Barclays in the 3rd quarter worth approximately $120,000. Hedge funds and other institutional investors own 3.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. StockNews.com lowered Barclays from a “strong-buy” rating to a “buy” rating in a research report on Thursday. 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 Stock Performance

BCS stock opened at $14.28 on Friday. The stock’s 50 day simple moving average is $13.31 and its 200 day simple moving average is $12.42. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 5.67. Barclays PLC has a 12-month low of $7.07 and a 12-month high of $14.29. The stock has a market capitalization of $51.51 billion, a PE ratio of 9.71, a price-to-earnings-growth ratio of 0.38 and a beta of 1.41.

Barclays (NYSE:BCS) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.56 EPS for the quarter. Barclays had a return on equity of 6.30% and a net margin of 17.83%. The company had revenue of $8.52 billion for the quarter. During the same period last year, the business earned $0.42 earnings per share. As a group, research analysts forecast that Barclays PLC will post 1.54 earnings per share for the current fiscal 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.