First Trust Direct Indexing L.P. Cuts Stock Position in Barclays PLC (NYSE:BCS)

First Trust Direct Indexing L.P. lessened its stake in shares of Barclays PLC (NYSE:BCS) by 4.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 69,719 shares of the financial services provider’s stock after selling 3,141 shares during the period. First Trust Direct Indexing L.P.’s holdings in Barclays were worth $847,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Acadian Asset Management LLC boosted its holdings in shares of Barclays by 1,362.1% during the 2nd quarter. Acadian Asset Management LLC now owns 19,682,115 shares of the financial services provider’s stock valued at $210,762,000 after purchasing an additional 18,335,937 shares during the last quarter. Raymond James & Associates boosted its holdings in shares of Barclays by 11.9% during the 3rd quarter. Raymond James & Associates now owns 4,007,379 shares of the financial services provider’s stock valued at $48,690,000 after purchasing an additional 426,815 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Barclays by 190.9% during the 2nd quarter. Renaissance Technologies LLC now owns 3,661,086 shares of the financial services provider’s stock valued at $39,210,000 after purchasing an additional 2,402,500 shares during the last quarter. Sei Investments Co. boosted its holdings in shares of Barclays by 118.7% during the 2nd quarter. Sei Investments Co. now owns 2,709,312 shares of the financial services provider’s stock valued at $29,017,000 after purchasing an additional 1,470,523 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Barclays by 4.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,358,375 shares of the financial services provider’s stock valued at $25,258,000 after purchasing an additional 105,857 shares during the last quarter. Institutional investors own 3.39% of the company’s stock.

Barclays Stock Up 0.9 %

Shares of NYSE BCS opened at $12.53 on Friday. The company has a debt-to-equity ratio of 5.67, a current ratio of 1.35 and a quick ratio of 1.35. The company has a market cap of $45.59 billion, a P/E ratio of 8.52 and a beta of 1.42. Barclays PLC has a 1 year low of $6.48 and a 1 year high of $13.20. The firm has a 50-day simple moving average of $12.18 and a two-hundred day simple moving average of $11.41.

Barclays (NYSE:BCS) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter. The business had revenue of $8.52 billion during 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. Research analysts anticipate that Barclays PLC will post 1.66 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Kepler Capital Markets assumed coverage on shares of Barclays in a report on Thursday, September 5th. They issued a “buy” rating for the company. The Goldman Sachs Group assumed coverage on shares of Barclays in a report on Tuesday, October 8th. They issued a “buy” rating for the company. Finally, StockNews.com raised shares of Barclays from a “buy” rating to a “strong-buy” rating in a report on Tuesday.

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.