Commonwealth Equity Services LLC increased its holdings in shares of Barclays PLC (NYSE:BCS) by 26.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,249 shares of the financial services provider’s stock after buying an additional 6,321 shares during the period. Commonwealth Equity Services LLC’s holdings in Barclays were worth $309,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Dimensional Fund Advisors LP raised its stake in shares of Barclays by 7.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 17,859,690 shares of the financial services provider’s stock worth $142,699,000 after buying an additional 1,269,857 shares during the last quarter. Advisory Research Inc. bought a new stake in Barclays in the fourth quarter valued at approximately $21,422,000. Bank of New York Mellon Corp increased its stake in Barclays by 13.6% in the fourth quarter. Bank of New York Mellon Corp now owns 1,889,569 shares of the financial services provider’s stock valued at $15,097,000 after purchasing an additional 225,604 shares in the last quarter. Aperio Group LLC increased its stake in Barclays by 2.6% in the fourth quarter. Aperio Group LLC now owns 1,839,364 shares of the financial services provider’s stock valued at $14,697,000 after purchasing an additional 46,604 shares in the last quarter. Finally, Morgan Stanley increased its stake in Barclays by 7.4% in the fourth quarter. Morgan Stanley now owns 732,062 shares of the financial services provider’s stock valued at $5,850,000 after purchasing an additional 50,223 shares in the last quarter. 2.24% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have commented on BCS shares. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Barclays in a research note on Tuesday, February 23rd. The Goldman Sachs Group raised shares of Barclays from a “neutral” rating to a “buy” rating in a research note on Friday, March 12th. Zacks Investment Research downgraded shares of Barclays from a “strong-buy” rating to a “hold” rating and set a $11.00 target price for the company. in a research note on Tuesday, May 18th. Royal Bank of Canada reissued a “sector perform” rating on shares of Barclays in a research report on Tuesday, February 23rd. Finally, Berenberg Bank reissued a “buy” rating on shares of Barclays in a research report on Wednesday, May 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $11.00.
Barclays (NYSE:BCS) last announced its earnings results on Friday, April 30th. The financial services provider reported $0.56 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.15. Barclays had a net margin of 12.64% and a return on equity of 4.18%. The business had revenue of $8.13 billion during the quarter, compared to analysts’ expectations of $7.83 billion. As a group, sell-side analysts predict that Barclays PLC will post 1.35 earnings per share for the current fiscal year.
Barclays PLC, through its subsidiaries, provides various financial products and services in the United Kingdom, rest of Europe, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International divisions. It offers financial services, such as retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.
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