SVB Wealth LLC Sells 4,824 Shares of Barclays PLC (NYSE:BCS)

SVB Wealth LLC cut its holdings in shares of Barclays PLC (NYSE:BCS) by 21.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,729 shares of the financial services provider’s stock after selling 4,824 shares during the period. SVB Wealth LLC’s holdings in Barclays were worth $138,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Ronald Blue Trust Inc. grew its position in Barclays by 130.0% during the 4th quarter. Ronald Blue Trust Inc. now owns 27,692 shares of the financial services provider’s stock worth $177,000 after acquiring an additional 15,653 shares during the last quarter. Quantinno Capital Management LP bought a new stake in Barclays during the 3rd quarter worth approximately $72,000. Strategic Global Advisors LLC grew its position in Barclays by 4.8% during the 3rd quarter. Strategic Global Advisors LLC now owns 56,645 shares of the financial services provider’s stock worth $363,000 after acquiring an additional 2,608 shares during the last quarter. Cambridge Investment Research Advisors Inc. bought a new stake in Barclays during the 4th quarter worth approximately $80,000. Finally, Verdence Capital Advisors LLC bought a new stake in Barclays during the 3rd quarter worth approximately $693,000. 3.32% of the stock is currently owned by institutional investors.

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Barclays Stock Performance

BCS stock opened at $7.81 on Monday. The business’s fifty day moving average is $7.55 and its 200-day moving average is $7.98. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 5.89. The company has a market cap of $31.00 billion, a P/E ratio of 4.82 and a beta of 1.37. Barclays PLC has a twelve month low of $5.89 and a twelve month high of $9.44.

Analysts Set New Price Targets

BCS has been the topic of several research reports. StockNews.com initiated coverage on Barclays in a report on Thursday, May 18th. They set a “buy” rating on the stock. Royal Bank of Canada raised Barclays from a “sector perform” rating to an “outperform” rating in a report on Friday, May 12th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $215.00.

About Barclays

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Barclays Plc operates as a bank holding company, which engages in the provision of retail banking, credit cards, corporate and investment banking, and wealth management services. The firm operates through Barclays UK and Barclays International segments. The Barclays UK segment consists the U.K. retail banking operations, U.K.

Further Reading

• Get a free copy of the StockNews.com research report on Barclays (BCS)
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