Texas Yale Capital Corp. Sells 37,700 Shares of Barclays PLC (NYSE:BCS)

Texas Yale Capital Corp. cut its holdings in Barclays PLC (NYSE:BCS) by 50.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,700 shares of the financial services provider’s stock after selling 37,700 shares during the period. Texas Yale Capital Corp.’s holdings in Barclays were worth $287,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of BCS. Northwestern Mutual Wealth Management Co. grew its holdings in Barclays by 5.1% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 36,639 shares of the financial services provider’s stock valued at $293,000 after purchasing an additional 1,777 shares during the period. Lindbrook Capital LLC lifted its position in shares of Barclays by 38.6% during the 2nd quarter. Lindbrook Capital LLC now owns 6,464 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 1,800 shares during the period. Janney Montgomery Scott LLC lifted its position in shares of Barclays by 13.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 19,379 shares of the financial services provider’s stock valued at $155,000 after acquiring an additional 2,360 shares during the period. Signaturefd LLC lifted its position in shares of Barclays by 17.6% during the 1st quarter. Signaturefd LLC now owns 16,736 shares of the financial services provider’s stock valued at $134,000 after acquiring an additional 2,507 shares during the period. Finally, Park National Corp OH lifted its position in shares of Barclays by 26.4% during the 2nd quarter. Park National Corp OH now owns 12,830 shares of the financial services provider’s stock valued at $98,000 after acquiring an additional 2,681 shares during the period. Hedge funds and other institutional investors own 2.53% of the company’s stock.

BCS has been the subject of a number of recent research reports. Bank of America downgraded Barclays from a “buy” rating to a “neutral” rating in a research note on Thursday, April 18th. Zacks Investment Research downgraded Barclays from a “hold” rating to a “sell” rating and set a $8.00 price objective for the company. in a research note on Friday. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $8.00.

BCS stock traded down $0.11 during midday trading on Friday, hitting $6.91. The company’s stock had a trading volume of 41,981 shares, compared to its average volume of 2,361,375. Barclays PLC has a 12 month low of $6.98 and a 12 month high of $10.03. The company has a debt-to-equity ratio of 4.93, a current ratio of 1.54 and a quick ratio of 1.54. The company has a market capitalization of $30.76 billion, a price-to-earnings ratio of 5.96, a price-to-earnings-growth ratio of 2.08 and a beta of 0.93. The business has a 50 day moving average price of $7.66.

Barclays (NYSE:BCS) last posted its quarterly earnings results on Thursday, August 1st. The financial services provider reported $0.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.01. Barclays had a return on equity of 5.03% and a net margin of 14.72%. The business had revenue of $7.12 billion during the quarter, compared to the consensus estimate of $6.92 billion. On average, analysts expect that Barclays PLC will post 1.12 EPS for the current year.

About Barclays

Barclays PLC, through its subsidiaries, provides various financial products and services in the United Kingdom, other European countries, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International divisions. It offers personal and business banking services; credit and debit cards; international banking; and private banking services, which include investment, wealth planning, and credit and specialist solutions to high net worth and ultra-high net worth clients, and family offices.

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Institutional Ownership by Quarter for Barclays (NYSE:BCS)

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