Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Barclays PLC (NYSE:BCS) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 671,435 shares of the financial services provider’s stock, valued at approximately $6,009,000.
A number of other hedge funds also recently bought and sold shares of BCS. Park National Corp OH bought a new position in Barclays during the 3rd quarter valued at approximately $100,000. NumerixS Investment Technologies Inc bought a new position in Barclays during the 2nd quarter valued at approximately $135,000. Fox Run Management L.L.C. bought a new position in Barclays during the 3rd quarter valued at approximately $178,000. Private Wealth Partners LLC bought a new position in Barclays during the 2nd quarter valued at approximately $201,000. Finally, Virtu Financial LLC bought a new position in Barclays during the 2nd quarter valued at approximately $202,000. 3.24% of the stock is owned by institutional investors.
A number of research analysts recently weighed in on BCS shares. Berenberg Bank raised Barclays from a “hold” rating to a “buy” rating in a research report on Monday, October 1st. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Barclays in a research report on Tuesday, September 4th. Zacks Investment Research lowered Barclays from a “hold” rating to a “sell” rating in a research report on Friday, August 10th. Credit Suisse Group reissued a “neutral” rating on shares of Barclays in a report on Friday, November 9th. Finally, ValuEngine raised Barclays from a “strong sell” rating to a “sell” rating in a report on Tuesday, October 30th. Three analysts have rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Barclays currently has a consensus rating of “Hold” and an average target price of $11.00.
Barclays stock opened at $8.27 on Monday. The firm has a market capitalization of $35.37 billion, a price-to-earnings ratio of 6.46, a price-to-earnings-growth ratio of 0.39 and a beta of 0.67. Barclays PLC has a 12 month low of $8.20 and a 12 month high of $12.55. The company has a debt-to-equity ratio of 4.99, a current ratio of 1.52 and a quick ratio of 1.50.
Barclays (NYSE:BCS) last posted its earnings results on Wednesday, October 24th. The financial services provider reported $0.34 EPS for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.11. The business had revenue of $6.68 billion during the quarter, compared to analyst estimates of $6.76 billion. Barclays had a return on equity of 6.30% and a net margin of 1.94%. Equities research analysts forecast that Barclays PLC will post 1.1 earnings per share for the current year.
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Barclays PLC, through its subsidiaries, provides various financial products and services in the United Kingdom, other European countries, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International divisions. It offers personal and business banking services; credit and debit cards; international banking; and private banking services, which include investment, wealth planning, and credit and specialist solutions to high net worth and ultra-high net worth clients, and family offices.
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