Barclays PLC $BCS Position Boosted by Bank of New York Mellon Corp

Bank of New York Mellon Corp boosted its position in Barclays PLC (NYSE:BCS) by 68.6% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 644,480 shares of the financial services provider’s stock after buying an additional 262,279 shares during the period. Bank of New York Mellon Corp’s holdings in Barclays were worth $11,981,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Bank of Montreal Can grew its position in shares of Barclays by 289.6% in the 2nd quarter. Bank of Montreal Can now owns 1,991,960 shares of the financial services provider’s stock worth $37,031,000 after acquiring an additional 1,480,716 shares in the last quarter. Syverson Strege & Co bought a new stake in Barclays during the second quarter valued at $242,000. Haven Private LLC acquired a new stake in shares of Barclays during the second quarter worth $334,000. Lockheed Martin Investment Management Co. bought a new position in shares of Barclays in the 2nd quarter worth about $7,706,000. Finally, AMG National Trust Bank boosted its holdings in shares of Barclays by 0.5% in the 2nd quarter. AMG National Trust Bank now owns 105,707 shares of the financial services provider’s stock valued at $1,965,000 after buying an additional 561 shares during the period. Institutional investors own 3.39% of the company’s stock.

Barclays Price Performance

Shares of NYSE:BCS opened at $21.11 on Wednesday. The firm’s 50 day moving average is $20.85 and its two-hundred day moving average is $19.41. The firm has a market capitalization of $73.46 billion, a P/E ratio of 9.73, a PEG ratio of 0.40 and a beta of 1.14. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 5.94. Barclays PLC has a 52 week low of $12.14 and a 52 week high of $22.64.

Barclays (NYSE:BCS) last announced its earnings results on Wednesday, October 22nd. The financial services provider reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.02. Barclays had a return on equity of 8.19% and a net margin of 21.26%.The firm had revenue of $9.59 billion for the quarter, compared to the consensus estimate of $6.95 billion. Analysts anticipate that Barclays PLC will post 2 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on BCS shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Barclays in a research report on Wednesday, October 8th. Royal Bank Of Canada restated an “outperform” rating on shares of Barclays in a research note on Thursday, October 23rd. Morgan Stanley reiterated an “overweight” rating on shares of Barclays in a research report on Monday, October 6th. Zacks Research downgraded Barclays from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 28th. Finally, Wall Street Zen downgraded Barclays from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Barclays presently has an average rating of “Moderate Buy”.

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.