427,910 Shares in Barclays PLC $BCS Purchased by Hohimer Wealth Management LLC

Hohimer Wealth Management LLC acquired a new stake in shares of Barclays PLC (NYSE:BCS) during the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 427,910 shares of the financial services provider’s stock, valued at approximately $10,385,000. Barclays makes up 0.8% of Hohimer Wealth Management LLC’s portfolio, making the stock its 17th biggest holding.

A number of other large investors also recently bought and sold shares of BCS. Bank of America Corp DE lifted its holdings in Barclays by 2.3% during the first quarter. Bank of America Corp DE now owns 8,691,765 shares of the financial services provider’s stock worth $183,918,000 after buying an additional 199,130 shares during the period. Renaissance Technologies LLC bought a new stake in Barclays during the 1st quarter valued at $81,762,000. Ferguson Wellman Capital Management Inc. increased its holdings in shares of Barclays by 1.7% in the 3rd 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 acquiring an additional 19,795 shares during the period. Quantinno Capital Management LP increased its holdings in shares of Barclays by 11.5% in the 1st quarter. Quantinno Capital Management LP now owns 798,698 shares of the financial services provider’s stock valued at $16,900,000 after acquiring an additional 82,433 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of Barclays by 11.8% in the 1st 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 acquiring an additional 74,738 shares during the period. Institutional investors own 3.39% of the company’s stock.

Barclays Trading Up 0.2%

NYSE BCS opened at $22.38 on Monday. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 5.89. The firm has a market cap of $74.80 billion, a PE ratio of 8.05, a price-to-earnings-growth ratio of 0.49 and a beta of 1.04. The company has a 50 day moving average price of $24.12 and a 200 day moving average price of $24.81. Barclays PLC has a 52 week low of $19.83 and a 52 week high of $28.68.

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

Analysts Set New Price Targets

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

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.