GKV Capital Management Co. Inc. Raises Stake in Barclays PLC $BCS

GKV Capital Management Co. Inc. increased its stake in Barclays PLC (NYSE:BCS) by 41.1% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 126,250 shares of the financial services provider’s stock after buying an additional 36,750 shares during the quarter. Barclays accounts for approximately 1.2% of GKV Capital Management Co. Inc.’s portfolio, making the stock its 23rd largest holding. GKV Capital Management Co. Inc.’s holdings in Barclays were worth $3,213,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BCS. Todd Asset Management LLC lifted its holdings in Barclays by 4.0% during the third quarter. Todd Asset Management LLC now owns 3,516,095 shares of the financial services provider’s stock valued at $72,678,000 after purchasing an additional 134,560 shares during the last quarter. Cibc World Market Inc. lifted its holdings in Barclays by 226.9% during the third quarter. Cibc World Market Inc. now owns 262,678 shares of the financial services provider’s stock valued at $5,430,000 after purchasing an additional 182,318 shares during the last quarter. American Century Companies Inc. lifted its holdings in Barclays by 39.2% during the third quarter. American Century Companies Inc. now owns 4,841,068 shares of the financial services provider’s stock valued at $100,065,000 after purchasing an additional 1,362,247 shares during the last quarter. Prospera Financial Services Inc lifted its holdings in Barclays by 235.3% during the third quarter. Prospera Financial Services Inc now owns 72,187 shares of the financial services provider’s stock valued at $1,492,000 after purchasing an additional 50,661 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky lifted its holdings in Barclays by 6.1% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 2,239,040 shares of the financial services provider’s stock valued at $46,281,000 after purchasing an additional 129,700 shares during the last quarter. 3.39% of the stock is owned by hedge funds and other institutional investors.

Barclays Stock Down 2.2%

BCS stock opened at $24.73 on Thursday. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 5.94. The company’s 50 day moving average is $23.08 and its 200 day moving average is $23.89. The stock has a market cap of $84.31 billion, a price-to-earnings ratio of 10.31, a price-to-earnings-growth ratio of 0.47 and a beta of 1.01. Barclays PLC has a 1-year low of $17.22 and a 1-year high of $27.70.

Barclays (NYSE:BCS) last posted its quarterly earnings data on Monday, April 27th. The financial services provider reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.01. The company had revenue of $5.07 billion for the quarter, compared to analysts’ expectations of $10.88 billion. Barclays had a net margin of 21.10% and a return on equity of 8.12%. Sell-side analysts predict that Barclays PLC will post 2.75 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BCS has been the topic of several recent research reports. Weiss Ratings downgraded shares of Barclays from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, April 21st. BNP Paribas Exane downgraded shares of Barclays from an “outperform” rating to a “neutral” rating in a report on Tuesday, April 14th. Citigroup reaffirmed a “neutral” rating on shares of Barclays in a report on Thursday, April 23rd. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Barclays in a report on Wednesday, April 29th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Barclays in a research report on Wednesday, February 11th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Barclays Company Profile

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.