Creative Planning Acquires 36,248 Shares of Barclays PLC $BCS

Creative Planning increased its holdings in Barclays PLC (NYSE:BCS) by 8.7% during the second quarter, Holdings Channel.com reports. The firm owned 453,809 shares of the financial services provider’s stock after acquiring an additional 36,248 shares during the quarter. Creative Planning’s holdings in Barclays were worth $8,436,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Acadian Asset Management LLC increased its holdings in shares of Barclays by 37.6% in the first quarter. Acadian Asset Management LLC now owns 33,607,068 shares of the financial services provider’s stock worth $516,163,000 after buying an additional 9,188,263 shares during the period. Natixis Advisors LLC grew its position in Barclays by 78.7% during the 1st quarter. Natixis Advisors LLC now owns 8,892,766 shares of the financial services provider’s stock worth $136,593,000 after acquiring an additional 3,917,785 shares during the last quarter. Bank of Montreal Can increased its stake in 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 purchasing an additional 1,480,716 shares during the period. Invesco Ltd. lifted its position in Barclays by 8,088.1% in the first quarter. Invesco Ltd. now owns 882,108 shares of the financial services provider’s stock valued at $13,549,000 after purchasing an additional 871,335 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Barclays in the first quarter worth approximately $12,809,000. 3.39% of the stock is currently owned by hedge funds and other institutional investors.

Barclays Trading Up 0.2%

NYSE:BCS opened at $21.14 on Thursday. The company has a 50-day moving average price of $20.86 and a 200-day moving average price of $19.42. The stock has a market cap of $73.57 billion, a price-to-earnings ratio of 9.74, a P/E/G 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 12 month low of $12.14 and a 12 month high of $22.64.

Barclays (NYSE:BCS) last released its quarterly earnings results on Wednesday, October 22nd. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.02. The company 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%. Equities analysts predict that Barclays PLC will post 2 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently commented on BCS. Royal Bank Of Canada reiterated an “outperform” rating on shares of Barclays in a report on Thursday, October 23rd. Citigroup restated a “neutral” rating on shares of Barclays in a research report on Thursday, October 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Barclays in a report on Wednesday, October 8th. Zacks Research cut Barclays from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 28th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Barclays in a research report on Monday, October 6th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus 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.