O Shaughnessy Asset Management LLC, a prominent institutional investor, has decreased its ownership in Barclays PLC (BCS) by 11.8% during the fourth quarter, according to a recent filing with the Securities & Exchange Commission. The asset management firm sold 115,633 shares of the financial services provider’s stock, resulting in a stake of 863,747 shares valued at $6,737,000 at the end of the quarter. Barclays PLC, whose shares opened at $8.01 on Tuesday, exhibits a quick ratio and current ratio of 1.76, indicating its ability to meet short-term obligations. The company’s debt-to-equity ratio stands at 5.89, suggesting a higher reliance on debt financing. Over the past twelve months, the stock has traded between a low of $5.89 and a high of $9.44. With a market capitalization of $31.80 billion, a price-to-earnings ratio of 4.94, and a beta of 1.37, Barclays remains a significant player in the financial sector. The stock’s fifty-day simple moving average is $7.48, while the two-hundred-day simple moving average is $7.96.
Barclays PLC Stock Forecast
According to forecasts from three analysts, the average target price for Barclays PLC ADR stock over the next 12 months is USD 0.00. The average analyst rating for BCS Stock is Strong Buy. Stock Target Advisor’s analysis of Barclays PLC ADR indicates a slightly bullish outlook, based on 6 positive signals and 5 negative signals. As of the latest closing, Barclays PLC ADR’s stock price stood at USD 8.01. The stock price has experienced a positive change of +2.30% in the past week, +5.12% in the past month, and +2.82% over the last year.
O Shaughnessy Asset Management’s decision to reduce its stake in Barclays suggests a shift in investment strategy. Meanwhile, analysts are optimistic about the company’s performance, as indicated by the raised price targets and favorable ratings from reputable institutions. Investors will continue to monitor Barclays PLC and its response to changing market conditions, as well as the impact of institutional ownership changes on the stock market performance.