J.W. Cole Advisors Inc. Invests $714,000 in Barclays PLC $BCS

J.W. Cole Advisors Inc. purchased a new stake in shares of Barclays PLC (NYSE:BCS) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 34,543 shares of the financial services provider’s stock, valued at approximately $714,000.

Several other hedge funds have also recently bought and sold shares of the business. Hantz Financial Services Inc. grew its stake in Barclays by 196.1% during the 3rd quarter. Hantz Financial Services Inc. now owns 64,624 shares of the financial services provider’s stock valued at $1,336,000 after acquiring an additional 42,797 shares in the last quarter. Ashton Thomas Private Wealth LLC grew its position in Barclays by 4.4% during the third quarter. Ashton Thomas Private Wealth LLC now owns 16,158 shares of the financial services provider’s stock valued at $334,000 after purchasing an additional 685 shares in the last quarter. Illumine Investment Management LLC acquired a new position in Barclays in the 3rd quarter valued at approximately $2,195,000. Jones Financial Companies Lllp lifted its position in Barclays by 33.4% in the 3rd quarter. Jones Financial Companies Lllp now owns 34,912 shares of the financial services provider’s stock worth $719,000 after buying an additional 8,750 shares in the last quarter. Finally, Independent Advisor Alliance boosted its stake in shares of Barclays by 15.0% during the 3rd quarter. Independent Advisor Alliance now owns 30,080 shares of the financial services provider’s stock valued at $622,000 after buying an additional 3,922 shares during the period. 3.39% of the stock is owned by hedge funds and other institutional investors.

Barclays Stock Up 1.2%

Barclays stock opened at $26.74 on Tuesday. The company has a debt-to-equity ratio of 5.94, a current ratio of 1.41 and a quick ratio of 1.41. Barclays PLC has a fifty-two week low of $12.14 and a fifty-two week high of $27.70. The firm has a fifty day moving average price of $25.47 and a two-hundred day moving average price of $22.32. The firm has a market cap of $92.69 billion, a price-to-earnings ratio of 12.32, a P/E/G ratio of 0.40 and a beta of 0.96.

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

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Citigroup reiterated a “neutral” rating on shares of Barclays in a report on Thursday, January 22nd. Morgan Stanley reiterated an “overweight” rating on shares of Barclays in a report on Monday, November 24th. Royal Bank Of Canada restated an “outperform” rating on shares of Barclays in a report on Thursday, October 23rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Barclays in a research report on Tuesday, December 23rd. Finally, Zacks Research downgraded shares of Barclays from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 28th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently 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.