Wealth Enhancement Advisory Services LLC Sells 3,077 Shares of Barclays PLC (NYSE:BCS)

Wealth Enhancement Advisory Services LLC decreased its position in Barclays PLC (NYSE:BCS) by 1.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 160,112 shares of the financial services provider’s stock after selling 3,077 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Barclays were worth $1,945,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BCS. Rothschild Investment LLC acquired a new position in Barclays during the 2nd quarter valued at about $30,000. EverSource Wealth Advisors LLC boosted its stake in Barclays by 71.8% in the first quarter. EverSource Wealth Advisors LLC now owns 3,647 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 1,524 shares during the last quarter. Symphony Financial Ltd. Co. acquired a new stake in Barclays during the 3rd quarter worth $42,000. EntryPoint Capital LLC bought a new stake in shares of Barclays during the 1st quarter valued at $48,000. Finally, Hexagon Capital Partners LLC boosted its position in shares of Barclays by 32.4% in the 3rd quarter. Hexagon Capital Partners LLC now owns 4,624 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 1,132 shares during the last quarter. 3.39% of the stock is currently owned by institutional investors and hedge funds.

Barclays Price Performance

BCS opened at $12.53 on Friday. The stock has a market cap of $45.61 billion, a P/E ratio of 8.52 and a beta of 1.41. Barclays PLC has a 12 month low of $6.48 and a 12 month high of $13.20. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 5.67. The company has a fifty day simple moving average of $12.18 and a 200 day simple moving average of $11.42.

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. Barclays had a return on equity of 6.30% and a net margin of 17.83%. The company had revenue of $8.52 billion during the quarter. During the same quarter last year, the company earned $0.42 earnings per share. On average, research analysts expect that Barclays PLC will post 1.66 EPS for the current year.

Wall Street Analyst Weigh In

BCS has been the subject of a number of recent analyst reports. StockNews.com upgraded Barclays from a “buy” rating to a “strong-buy” rating in a report on Tuesday, October 29th. The Goldman Sachs Group assumed coverage on Barclays in a research report on Tuesday, October 8th. They set a “buy” rating for the company. Finally, Kepler Capital Markets assumed coverage on shares of Barclays in a research report on Thursday, September 5th. They issued a “buy” rating on the stock.

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.