Massachusetts Wealth Management Trims Position in Barclays PLC (NYSE:BCS)

Massachusetts Wealth Management decreased its position in shares of Barclays PLC (NYSE:BCS) by 19.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,080 shares of the financial services provider’s stock after selling 6,470 shares during the quarter. Massachusetts Wealth Management’s holdings in Barclays were worth $256,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Cubist Systematic Strategies LLC grew its stake in shares of Barclays by 231.3% in the 4th quarter. Cubist Systematic Strategies LLC now owns 2,323,096 shares of the financial services provider’s stock valued at $18,306,000 after buying an additional 1,621,896 shares during the period. Brandes Investment Partners LP grew its position in Barclays by 65.9% in the fourth quarter. Brandes Investment Partners LP now owns 1,750,257 shares of the financial services provider’s stock worth $13,792,000 after acquiring an additional 695,502 shares during the period. Trexquant Investment LP acquired a new stake in Barclays during the fourth quarter worth $4,840,000. Ramirez Asset Management Inc. purchased a new stake in Barclays in the third quarter valued at $2,416,000. Finally, BNP Paribas Financial Markets lifted its stake in shares of Barclays by 335.5% in the 4th quarter. BNP Paribas Financial Markets now owns 361,319 shares of the financial services provider’s stock valued at $2,847,000 after purchasing an additional 278,353 shares during the last quarter. Hedge funds and other institutional investors own 3.39% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on BCS. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Barclays in a report on Thursday, May 9th. They issued a “buy” rating on the stock. StockNews.com downgraded shares of Barclays from a “buy” rating to a “hold” rating in a research note on Monday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Barclays currently has a consensus rating of “Hold” and an average price target of $190.00.

Barclays Trading Up 2.7 %

Shares of NYSE BCS traded up $0.29 during trading on Thursday, reaching $11.18. The stock had a trading volume of 6,534,335 shares, compared to its average volume of 10,780,413. 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 company has a market cap of $42.18 billion, a P/E ratio of 8.34, a PEG ratio of 0.39 and a beta of 1.44. Barclays PLC has a fifty-two week low of $6.23 and a fifty-two week high of $11.42. The business’s 50-day moving average price is $10.76 and its 200-day moving average price is $9.21.

Barclays (NYSE:BCS) last released 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 during the quarter. Barclays had a return on equity of 6.13% and a net margin of 17.21%. On average, equities research analysts predict that Barclays PLC will post 1.6 EPS for the current fiscal year.

Barclays 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.