ABC Arbitrage SA Has $19.85 Million Stock Position in Barclays PLC $BCS

ABC Arbitrage SA lifted its position in Barclays PLC (NYSE:BCS) by 68.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 960,281 shares of the financial services provider’s stock after buying an additional 389,674 shares during the period. Barclays comprises 2.0% of ABC Arbitrage SA’s holdings, making the stock its 15th largest position. ABC Arbitrage SA’s holdings in Barclays were worth $19,849,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BCS. NewEdge Advisors LLC grew its stake in Barclays by 72.8% in the first quarter. NewEdge Advisors LLC now owns 47,051 shares of the financial services provider’s stock valued at $723,000 after acquiring an additional 19,818 shares during the period. Sivia Capital Partners LLC lifted its holdings in shares of Barclays by 19.6% during the 2nd quarter. Sivia Capital Partners LLC now owns 23,572 shares of the financial services provider’s stock valued at $438,000 after purchasing an additional 3,868 shares in the last quarter. IFP Advisors Inc grew its position in shares of Barclays by 129.3% in the 2nd quarter. IFP Advisors Inc now owns 7,183 shares of the financial services provider’s stock valued at $134,000 after purchasing an additional 4,050 shares during the period. Johnson Investment Counsel Inc. increased its stake in Barclays by 5.1% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 16,518 shares of the financial services provider’s stock worth $307,000 after purchasing an additional 802 shares in the last quarter. Finally, Concurrent Investment Advisors LLC raised its holdings in Barclays by 9.3% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 36,658 shares of the financial services provider’s stock worth $681,000 after buying an additional 3,121 shares during the period. 3.39% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

View Our Latest Research Report on Barclays

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Barclays Stock Down 2.0%

Shares of BCS stock opened at $26.17 on Wednesday. The firm’s fifty day moving average price is $25.53 and its two-hundred day moving average price is $22.37. 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 1 year low of $12.14 and a 1 year high of $27.70. The firm has a market capitalization of $90.71 billion, a P/E ratio of 12.06, a PEG ratio of 0.41 and a beta of 0.96.

Barclays (NYSE:BCSGet Free Report) last posted its quarterly earnings data 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 net margin of 21.26% and a return on equity of 8.19%. On average, equities analysts predict that Barclays PLC will post 2 EPS for the current fiscal year.

Barclays Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Barclays (NYSE:BCS)

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