Barclays PLC $BCS Shares Acquired by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. boosted its position in Barclays PLC (NYSE:BCS) by 8.2% during the second quarter, Holdings Channel.com reports. The fund owned 133,678 shares of the financial services provider’s stock after purchasing an additional 10,186 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Barclays were worth $2,485,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mark Sheptoff Financial Planning LLC acquired a new position in shares of Barclays in the 2nd quarter valued at about $28,000. Elequin Capital LP acquired a new position in shares of Barclays during the 1st quarter valued at $30,000. Wealthquest Corp purchased a new stake in Barclays during the 1st quarter worth $32,000. Zions Bancorporation National Association UT acquired a new stake in Barclays in the 1st quarter valued at $40,000. Finally, WPG Advisers LLC purchased a new position in Barclays in the first quarter valued at about $40,000. 3.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Barclays Stock Down 0.3%

BCS stock opened at $21.11 on Wednesday. The firm has a market cap of $73.46 billion, a PE ratio of 9.73, a PEG ratio of 0.40 and a beta of 1.14. The company has a fifty day simple moving average of $20.85 and a 200 day simple moving average of $19.41. Barclays PLC has a 1 year low of $12.14 and a 1 year high of $22.64. 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 (NYSE:BCS) last posted its quarterly earnings data on Wednesday, October 22nd. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.02. The business had revenue of $9.59 billion during the quarter, compared to the consensus estimate of $6.95 billion. Barclays had a net margin of 21.26% and a return on equity of 8.19%. Sell-side analysts anticipate that Barclays PLC will post 2 EPS for the current fiscal year.

Barclays Company 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.