Illumine Investment Management LLC Buys Shares of 106,174 Barclays PLC $BCS

Illumine Investment Management LLC bought a new position in shares of Barclays PLC (NYSE:BCS) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 106,174 shares of the financial services provider’s stock, valued at approximately $2,195,000. Barclays accounts for about 1.6% of Illumine Investment Management LLC’s investment portfolio, making the stock its 23rd biggest holding.

Other hedge funds have also recently made changes to their positions in the company. Twin Peaks Wealth Advisors LLC purchased a new stake in Barclays during the 2nd quarter valued at about $27,000. Mather Group LLC. acquired a new stake in shares of Barclays during the third quarter worth about $30,000. Salomon & Ludwin LLC boosted its position in Barclays by 2,673.6% in the third quarter. Salomon & Ludwin LLC now owns 1,470 shares of the financial services provider’s stock valued at $31,000 after buying an additional 1,417 shares during the last quarter. Mark Sheptoff Financial Planning LLC acquired a new position in Barclays in the 2nd quarter worth approximately $28,000. Finally, True Wealth Design LLC acquired a new stake in Barclays during the 3rd quarter valued at approximately $31,000. 3.39% of the stock is currently owned by institutional investors.

Barclays Trading Up 2.9%

Shares of Barclays stock opened at $27.51 on Tuesday. 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 twelve month low of $12.14 and a twelve month high of $27.54. The firm has a market capitalization of $95.37 billion, a PE ratio of 12.68, a P/E/G ratio of 0.41 and a beta of 0.98. The firm’s 50-day moving average price is $25.06 and its 200 day moving average price is $22.06.

Barclays (NYSE:BCS) last issued its quarterly earnings results on Tuesday, September 30th. The financial services provider reported $0.45 EPS for the quarter. The firm 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, sell-side analysts predict that Barclays PLC will post 2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BCS has been the topic of several recent research reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Barclays in a report on Tuesday, December 23rd. Zacks Research cut Barclays from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 28th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Barclays in a report on Thursday, October 23rd. Citigroup reissued a “neutral” rating on shares of Barclays in a report on Thursday, January 22nd. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Barclays in a research note on Monday, November 24th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

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.