JPMorgan Chase & Co. Has $9.94 Million Position in Barclays PLC (NYSE:BCS)

JPMorgan Chase & Co. decreased its holdings in shares of Barclays PLC (NYSE:BCS) by 62.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 817,860 shares of the financial services provider’s stock after selling 1,355,139 shares during the quarter. JPMorgan Chase & Co.’s holdings in Barclays were worth $9,937,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BCS. Symphony Financial Ltd. Co. acquired a new stake in shares of Barclays during the 3rd quarter worth approximately $42,000. Hexagon Capital Partners LLC boosted its stake in Barclays by 32.4% during 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 in the last quarter. GAMMA Investing LLC increased its holdings in Barclays by 42.6% in the 3rd quarter. GAMMA Investing LLC now owns 9,280 shares of the financial services provider’s stock valued at $113,000 after buying an additional 2,774 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Barclays during the 3rd quarter worth about $120,000. Finally, Coldstream Capital Management Inc. acquired a new stake in shares of Barclays during the 3rd quarter valued at about $125,000. Institutional investors and hedge funds own 3.39% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. The Goldman Sachs Group initiated coverage on Barclays in a research report on Tuesday, October 8th. 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 Thursday, December 19th.

Barclays Price Performance

Barclays stock opened at $12.83 on Tuesday. 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 firm has a market capitalization of $46.29 billion, a P/E ratio of 8.73 and a beta of 1.41. The business has a 50-day moving average of $13.28 and a 200-day moving average of $12.38. Barclays PLC has a 1 year low of $7.07 and a 1 year high of $13.83.

Barclays (NYSE:BCS) last released its quarterly earnings results 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 in the prior year, the business earned $0.42 EPS. On average, equities analysts anticipate that Barclays PLC will post 1.85 EPS 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.