10,375 Shares in Barclays PLC (NYSE:BCS) Bought by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC bought a new position in Barclays PLC (NYSE:BCS) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 10,375 shares of the financial services provider’s stock, valued at approximately $126,000.

Several other large investors have also made changes to their positions in BCS. Acadian Asset Management LLC raised its position in shares of Barclays by 1,362.1% in the 2nd quarter. Acadian Asset Management LLC now owns 19,682,115 shares of the financial services provider’s stock worth $210,762,000 after buying an additional 18,335,937 shares during the period. Renaissance Technologies LLC increased its holdings in Barclays by 190.9% in the 2nd quarter. Renaissance Technologies LLC now owns 3,661,086 shares of the financial services provider’s stock valued at $39,210,000 after purchasing an additional 2,402,500 shares in the last quarter. National Bank of Canada FI increased its holdings in Barclays by 6,028.3% in the 1st quarter. National Bank of Canada FI now owns 1,718,379 shares of the financial services provider’s stock valued at $16,239,000 after purchasing an additional 1,690,339 shares in the last quarter. Sei Investments Co. increased its holdings in Barclays by 118.7% in the 2nd quarter. Sei Investments Co. now owns 2,709,312 shares of the financial services provider’s stock valued at $29,017,000 after purchasing an additional 1,470,523 shares in the last quarter. Finally, Duquesne Family Office LLC increased its holdings in Barclays by 97.4% in the 2nd quarter. Duquesne Family Office LLC now owns 2,075,455 shares of the financial services provider’s stock valued at $22,228,000 after purchasing an additional 1,024,100 shares in the last quarter. 3.39% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on BCS. Kepler Capital Markets began coverage on Barclays in a report on Thursday, September 5th. They issued a “buy” rating for the company. The Goldman Sachs Group began coverage on Barclays in a report on Tuesday, October 8th. They issued a “buy” rating for the company. Finally, StockNews.com downgraded Barclays from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 6th.

Barclays Stock Down 1.9 %

Shares of Barclays stock opened at $13.22 on Wednesday. The business has a 50-day moving average of $12.30 and a 200-day moving average of $11.59. The company has a debt-to-equity ratio of 5.67, a current ratio of 1.35 and a quick ratio of 1.35. The company has a market capitalization of $48.12 billion, a PE ratio of 8.95 and a beta of 1.41. Barclays PLC has a 1-year low of $6.68 and a 1-year high of $13.57.

Barclays (NYSE:BCS) last announced its earnings results on Thursday, October 24th. The financial services provider reported $0.56 earnings per share for the quarter. The company had revenue of $8.52 billion during the quarter. Barclays had a return on equity of 6.30% and a net margin of 17.83%. During the same quarter in the prior year, the business earned $0.42 earnings per share. As a group, equities analysts forecast that Barclays PLC will post 1.66 EPS for the current fiscal year.

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.