Freedom Investment Management Inc. Sells 851 Shares of Barclays PLC (NYSE:BCS)

Freedom Investment Management Inc. lowered its position in shares of Barclays PLC (NYSE:BCS) by 5.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,496 shares of the financial services provider’s stock after selling 851 shares during the quarter. Freedom Investment Management Inc.’s holdings in Barclays were worth $176,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Rothschild Investment LLC bought a new stake in Barclays during the second quarter worth about $30,000. EverSource Wealth Advisors LLC boosted its position in shares of Barclays by 71.8% in the 1st 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 in the last quarter. Symphony Financial Ltd. Co. purchased a new stake in shares of Barclays in the 3rd quarter worth approximately $42,000. Hexagon Capital Partners LLC increased its position in Barclays by 32.4% during the 3rd quarter. Hexagon Capital Partners LLC now owns 4,624 shares of the financial services provider’s stock valued at $56,000 after buying an additional 1,132 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in Barclays by 452.5% during the second quarter. Blue Trust Inc. now owns 6,304 shares of the financial services provider’s stock valued at $68,000 after buying an additional 5,163 shares during the last quarter. Institutional investors own 3.39% of the company’s stock.

Barclays Trading Up 1.9 %

Shares of NYSE:BCS opened at $13.48 on Monday. The company has a debt-to-equity ratio of 5.67, a current ratio of 1.35 and a quick ratio of 1.35. Barclays PLC has a 1 year low of $7.02 and a 1 year high of $13.57. The company has a market cap of $48.82 billion, a P/E ratio of 9.17 and a beta of 1.41. The stock’s fifty day moving average price is $12.69 and its 200-day moving average price is $11.85.

Barclays (NYSE:BCS) 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 firm had revenue of $8.52 billion for the quarter. Barclays had a net margin of 17.83% and a return on equity of 6.30%. During the same period in the previous year, the business earned $0.42 EPS. Sell-side analysts expect that Barclays PLC will post 1.71 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. The Goldman Sachs Group began coverage on Barclays in a report on Tuesday, October 8th. They set a “buy” rating for the company. Kepler Capital Markets initiated coverage on shares of Barclays in a report on Thursday, September 5th. They issued a “buy” rating for the company. Finally, StockNews.com cut shares of Barclays from a “strong-buy” rating to a “buy” rating in a report on Friday, November 22nd.

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.