PNC Financial Services Group Inc. Grows Position in Barclays PLC (NYSE:BCS)

PNC Financial Services Group Inc. lifted its stake in shares of Barclays PLC (NYSE:BCS) by 1.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 113,381 shares of the financial services provider’s stock after purchasing an additional 1,344 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Barclays were worth $1,378,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in BCS. Rothschild Investment LLC purchased a new position in Barclays in the second quarter valued at about $30,000. EverSource Wealth Advisors LLC increased its stake in Barclays by 71.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 3,647 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 1,524 shares in the last quarter. Symphony Financial Ltd. Co. acquired a new position in Barclays during the third quarter worth $42,000. Hexagon Capital Partners LLC boosted its position in Barclays by 32.4% during the third quarter. Hexagon Capital Partners LLC now owns 4,624 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 1,132 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in Barclays by 452.5% in the second quarter. Blue Trust Inc. now owns 6,304 shares of the financial services provider’s stock valued at $68,000 after purchasing an additional 5,163 shares during the last quarter. Hedge funds and other institutional investors own 3.39% of the company’s stock.

Barclays Trading Down 1.6 %

Barclays stock opened at $13.14 on Wednesday. The stock has a market cap of $47.58 billion, a PE ratio of 8.94 and a beta of 1.41. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 5.67. The stock has a 50-day moving average price of $12.62 and a 200 day moving average price of $11.80. Barclays PLC has a 52 week low of $7.02 and a 52 week high of $13.57.

Barclays (NYSE:BCS) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.56 earnings per share for the quarter. The business had revenue of $8.52 billion during the quarter. Barclays had a net margin of 17.83% and a return on equity of 6.30%. During the same period in the prior year, the firm earned $0.42 EPS. Equities research analysts predict that Barclays PLC will post 1.71 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on BCS. The Goldman Sachs Group initiated coverage on shares of Barclays in a research report on Tuesday, October 8th. They issued a “buy” rating on the stock. Kepler Capital Markets began coverage on shares of Barclays in a report on Thursday, September 5th. They issued a “buy” rating on the stock. Finally, StockNews.com downgraded Barclays from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 22nd.

Barclays Profile

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.