Barclays PLC $BCS Stock: Leuthold Group LLC Raises Holdings

Leuthold Group LLC increased its holdings in Barclays PLC (NYSE:BCS) by 8.8% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 344,872 shares of the financial services provider’s stock after purchasing an additional 27,922 shares during the quarter. Leuthold Group LLC’s holdings in Barclays were worth $8,370,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the business. Bank of America Corp DE raised its stake in Barclays by 2.3% during the 1st quarter. Bank of America Corp DE now owns 8,691,765 shares of the financial services provider’s stock valued at $183,918,000 after acquiring an additional 199,130 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of Barclays during the first quarter valued at $81,762,000. Ferguson Wellman Capital Management Inc. increased its holdings in shares of Barclays by 1.7% during the third quarter. Ferguson Wellman Capital Management Inc. now owns 1,200,203 shares of the financial services provider’s stock valued at $29,129,000 after purchasing an additional 19,795 shares during the period. Quantinno Capital Management LP raised its stake in shares of Barclays by 11.5% during the first quarter. Quantinno Capital Management LP now owns 798,698 shares of the financial services provider’s stock valued at $16,900,000 after purchasing an additional 82,433 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Barclays by 11.8% during the first quarter. Bank of New York Mellon Corp now owns 706,580 shares of the financial services provider’s stock valued at $14,951,000 after purchasing an additional 74,738 shares in the last quarter. 3.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on BCS shares. Bank of America downgraded shares of Barclays from a “buy” rating to a “neutral” rating in a report on Tuesday, September 1st. Weiss Ratings cut shares of Barclays from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, October 23rd. Citigroup restated a “neutral” rating on shares of Barclays in a research report on Thursday, July 16th. Finally, Morgan Stanley lowered shares of Barclays from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, September 2nd. Four investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Barclays Stock Up 3.8%

Shares of BCS stock opened at $23.18 on Tuesday. Barclays PLC has a 1 year low of $19.83 and a 1 year high of $28.68. The stock has a market cap of $77.51 billion, a PE ratio of 8.53, a price-to-earnings-growth ratio of 0.51 and a beta of 1.04. The business’s fifty day moving average is $24.04 and its 200-day moving average is $24.80. The company has a debt-to-equity ratio of 5.89, a quick ratio of 1.47 and a current ratio of 1.47.

Barclays (NYSE:BCS) last posted its quarterly earnings data on Wednesday, October 21st. The financial services provider reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). The firm had revenue of $9.85 billion during the quarter, compared to the consensus estimate of $10.10 billion. Barclays had a return on equity of 9.02% and a net margin of 22.74%. Equities analysts expect that Barclays PLC will post 2.78 earnings per share for the current fiscal year.

Barclays Profile

Barclays is a British banking group that provides financial services to individuals, businesses, corporations and institutions. Its principal activities include retail and business banking, credit cards and payments, corporate banking, investment banking and wealth management.

The company serves customers in the United Kingdom and internationally, with a significant presence in the United States. Its businesses include Barclays UK, which focuses on UK consumer and business banking, and Barclays International, which includes its international banking and markets operations.

Barclays traces its origins to goldsmith banking in London in 1690.