Recent insider trends for Barclays PLC (NYSE:BCS) have caught the attention of investors. Insider data is useful because it can reveal what a company’s executives and largest shareholders feel about a stock. In this case, the data has some interesting things to say about how BCS might perform in the future.
Institutions own 02.49% of Barclays PLC (BCS)’s shares. The total value of these holdings, in millions, is $1,108. Among active positions in the latest quarter, 103 holders increased their positions by a total of 10.34 million shares, 98 holders decreased the positions by a total of 10.3 million shares, and 53 holders held their positions. This works out to a net increase in ownership of 38684 shares, and suggests that institutions are feeling bullish about the stock.
Among new and sold out positions, 25 holders initiated new positions by a total of 811763 shares and 31 holders exited their positions by a total of 3.29 million shares. This nets out to a decrease of 2.48 million shares and is another bearish sign for BCS.
Insider ownership increased by a total of 0 shares, which suggests that BCS’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: ownership increased by a net of 0 shares.
Short interest is another tool that analysts use to gauge investor sentiment. It represents the number of a stock’s shares that are being shorted by investors. Barclays PLC (NYSE:BCS)’s short interest is 2.09 million shares, or 0.06% of the float. This represents a decrease of -43% in the number of shares being shorted compared to the previous reading, and implies that investors felt less pessimistic about the stock during the past two weeks.
In light of the insider ownership and trading data it makes sense to consider technicals to see if they come to a similar conclusion about the outlook for BCS. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that BCS is a Strong sell, which implies that BCS is expected to underperform the market based on prior trading patterns.
Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that Barclays PLC (NYSE:BCS) is overvalued.