BKM Wealth Management LLC Purchases New Stake in Barclays PLC $BCS

BKM Wealth Management LLC acquired a new position in shares of Barclays PLC (NYSE:BCS) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 33,350 shares of the financial services provider’s stock, valued at approximately $689,000.

Other large investors also recently added to or reduced their stakes in the company. Fisher Asset Management LLC raised its holdings in shares of Barclays by 13.2% during the 2nd quarter. Fisher Asset Management LLC now owns 83,062,892 shares of the financial services provider’s stock worth $1,544,139,000 after acquiring an additional 9,692,999 shares during the period. Sei Investments Co. increased its position in Barclays by 13.6% during the second quarter. Sei Investments Co. now owns 3,687,598 shares of the financial services provider’s stock worth $68,553,000 after purchasing an additional 442,798 shares during the last quarter. American Century Companies Inc. raised its stake in Barclays by 4.7% during the second quarter. American Century Companies Inc. now owns 3,478,821 shares of the financial services provider’s stock worth $64,671,000 after purchasing an additional 155,397 shares during the period. Norges Bank acquired a new position in Barclays in the 2nd quarter valued at about $63,206,000. Finally, 1832 Asset Management L.P. purchased a new stake in shares of Barclays in the 2nd quarter valued at approximately $57,568,000. 3.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on BCS shares. Zacks Research lowered shares of Barclays from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 28th. Wall Street Zen downgraded Barclays from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Citigroup reiterated a “neutral” rating on shares of Barclays in a report on Monday, December 1st. Morgan Stanley reissued an “overweight” rating on shares of Barclays in a research report on Monday, November 24th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Barclays in a research report on Thursday, October 23rd. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Barclays currently has an average rating of “Moderate Buy”.

Barclays Trading Up 1.0%

Shares of NYSE BCS opened at $26.08 on Friday. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 5.94. The stock has a market capitalization of $90.67 billion, a PE ratio of 12.02, a PEG ratio of 0.40 and a beta of 0.98. Barclays PLC has a twelve month low of $12.14 and a twelve month high of $26.64. The stock has a fifty day simple moving average of $23.43 and a 200-day simple moving average of $21.08.

Barclays (NYSE:BCS) last announced its earnings results on Tuesday, September 30th. The financial services provider reported $0.45 EPS for the quarter. The company had revenue of $9.21 billion during the quarter. Barclays had a return on equity of 8.19% and a net margin of 21.26%. On average, equities analysts forecast that Barclays PLC will post 2 earnings per share for the current year.

About Barclays

Barclays PLC (NYSE: BCS) is a British multinational bank and financial services company headquartered in London. The firm provides a broad range of banking and financial products to individual, corporate and institutional customers. Its core activities span retail and business banking, credit cards and payments, corporate and investment banking, and wealth and investment management.

In retail and business banking, Barclays offers deposit accounts, mortgages, personal and business loans, and card services.