William Blair Investment Management LLC increased its stake in shares of Barclays PLC (NYSE:BCS) by 39.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 105,592 shares of the financial services provider’s stock after purchasing an additional 30,099 shares during the period. William Blair Investment Management LLC’s holdings in Barclays were worth $2,687,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also recently modified their holdings of the stock. Fisher Asset Management LLC lifted its holdings in shares of Barclays by 3.6% during the third quarter. Fisher Asset Management LLC now owns 86,027,312 shares of the financial services provider’s stock worth $1,778,185,000 after purchasing an additional 2,964,420 shares during the period. Natixis Advisors LLC lifted its holdings in shares of Barclays by 5.9% during the third quarter. Natixis Advisors LLC now owns 9,886,650 shares of the financial services provider’s stock worth $204,357,000 after purchasing an additional 549,497 shares during the period. American Century Companies Inc. lifted its holdings in shares of Barclays by 39.2% during the third quarter. American Century Companies Inc. now owns 4,841,068 shares of the financial services provider’s stock worth $100,065,000 after purchasing an additional 1,362,247 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of Barclays by 793.5% during the third quarter. Ameriprise Financial Inc. now owns 4,777,017 shares of the financial services provider’s stock worth $99,073,000 after purchasing an additional 4,242,360 shares during the period. Finally, Sei Investments Co. lifted its holdings in shares of Barclays by 4.5% during the third quarter. Sei Investments Co. now owns 3,855,037 shares of the financial services provider’s stock worth $79,684,000 after purchasing an additional 167,439 shares during the period. 3.39% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on BCS shares. Erste Group Bank reaffirmed a “hold” rating on shares of Barclays in a report on Thursday, March 5th. Citigroup reiterated a “neutral” rating on shares of Barclays in a research report on Thursday, April 23rd. Weiss Ratings cut Barclays from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, April 21st. BNP Paribas Exane cut Barclays from an “outperform” rating to a “neutral” rating in a research report on Tuesday, April 14th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Barclays in a research report on Wednesday, April 29th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.
Barclays Trading Up 2.9%
NYSE:BCS opened at $24.51 on Wednesday. The stock has a fifty day moving average price of $22.61 and a two-hundred day moving average price of $23.78. The stock has a market capitalization of $83.54 billion, a price-to-earnings ratio of 10.21, a PEG ratio of 0.44 and a beta of 1.01. The company has a debt-to-equity ratio of 5.94, a quick ratio of 1.44 and a current ratio of 1.44. Barclays PLC has a 1 year low of $17.22 and a 1 year high of $27.70.
Barclays (NYSE:BCS – Get Free Report) last released its quarterly earnings data on Monday, April 27th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.01. The firm had revenue of $5.07 billion during the quarter, compared to analysts’ expectations of $10.88 billion. Barclays had a return on equity of 8.12% and a net margin of 21.10%. As a group, sell-side analysts anticipate that Barclays PLC will post 2.75 earnings per share for the current fiscal year.
Barclays Company Profile
Barclays PLC (NYSE: BCS) is a British multinational bank and financial services company headquartered in London. The firm provides a broad range of banking and financial products to individual, corporate and institutional customers. Its core activities span retail and business banking, credit cards and payments, corporate and investment banking, and wealth and investment management.
In retail and business banking, Barclays offers deposit accounts, mortgages, personal and business loans, and card services.
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