RNC Capital Management LLC Reduces Position in Barclays PLC (NYSE:BCS)

RNC Capital Management LLC cut its position in shares of Barclays PLC (NYSE:BCS) by 2.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 31,935 shares of the financial services provider’s stock after selling 770 shares during the period. RNC Capital Management LLC’s holdings in Barclays were worth $424,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Brooklyn Investment Group purchased a new position in shares of Barclays during the 4th quarter worth about $26,000. Versant Capital Management Inc purchased a new position in shares of Barclays during the 4th quarter worth about $44,000. Symphony Financial Ltd. Co. purchased a new position in shares of Barclays during the 3rd quarter worth about $42,000. Hexagon Capital Partners LLC lifted its holdings in Barclays by 32.4% during the 3rd quarter. Hexagon Capital Partners LLC now owns 4,624 shares of the financial services provider’s stock valued at $56,000 after buying an additional 1,132 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in Barclays by 42.6% in the 3rd quarter. GAMMA Investing LLC now owns 9,280 shares of the financial services provider’s stock valued at $113,000 after buying an additional 2,774 shares during the period. 3.39% of the stock is owned by hedge funds and other institutional investors.

Barclays Trading Up 2.9 %

Shares of NYSE BCS opened at $15.29 on Friday. 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 business has a fifty day simple moving average of $13.70 and a two-hundred day simple moving average of $12.73. The firm has a market cap of $55.15 billion, a PE ratio of 10.40, a price-to-earnings-growth ratio of 0.44 and a beta of 1.40. Barclays PLC has a twelve month low of $7.07 and a twelve month high of $15.32.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Barclays from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 16th.

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.