The New York State Common Retirement Fund has reduced its holdings in Barclays PLC (NYSE: BCS) by 10.4% during the second quarter of 2023. According to a recent filing with the Securities and Exchange Commission, the fund now owns 1,657,407 shares after selling 192,853 shares during this period. As of the end of the most recent reporting period, the fund’s stake in Barclays was valued at approximately $30.81 million.
Several other institutional investors have also adjusted their positions in Barclays recently. For instance, West Family Investments Inc. acquired a new stake valued at around $290,000 in the same quarter. Meanwhile, Neuberger Berman Group LLC increased its stake by 1.7%, now holding 384,357 shares worth about $7.15 million after adding an additional 6,415 shares. Norges Bank entered a new position during the second quarter, investing approximately $63.21 million.
Additionally, Quadrature Capital Ltd. and Northwestern Mutual Wealth Management Co. also made notable investments in Barclays. Northwestern Mutual increased its holdings by a significant 60.2%, now owning 35,363 shares valued at $657,000 after purchasing 13,294 shares in the last quarter. Currently, institutional investors and hedge funds hold 3.39% of Barclays’ stock.
Barclays Stock Performance and Analyst Ratings
As of Monday, Barclays stock opened at $22.92. The company’s 50-day moving average price stands at $20.99, while the 200-day moving average is at $19.70. Barclays has a market capitalization of $79.78 billion, with a P/E ratio of 10.56 and a debt-to-equity ratio of 5.94. Over the past twelve months, the stock has fluctuated between a low of $12.14 and a high of $22.91.
Analysts have recently weighed in on Barclays, with several issuing reports that reflect a range of perspectives. Citigroup maintained a “neutral” rating on October 23, 2023. Weiss Ratings reaffirmed a “buy (b)” rating on October 8, while Royal Bank of Canada reiterated an “outperform” rating on the same day. Conversely, Wall Street Zen downgraded Barclays from a “buy” to a “hold” rating on October 3. Currently, four analysts have assigned a Buy rating, and two have issued a Hold rating, resulting in an average rating of “Moderate Buy,” according to MarketBeat.
About Barclays PLC
Barclays PLC is a global financial services provider headquartered in the United Kingdom, offering a wide range of services across various regions, including Europe, the Americas, Africa, the Middle East, and Asia. The company operates through its two main divisions: Barclays UK and Barclays International. Services include retail banking, credit cards, wholesale banking, investment banking, and wealth management.
For those interested in tracking further developments regarding Barclays, regular updates can be accessed through various financial news platforms.
