SG Americas Securities LLC Takes $132,000 Position in Barclays PLC (NYSE:BCS)

SG Americas Securities LLC bought a new stake in Barclays PLC (NYSE:BCS) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 17,329 shares of the financial services provider’s stock, valued at approximately $132,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its stake in Barclays by 0.9% in the first quarter. Dimensional Fund Advisors LP now owns 15,738,310 shares of the financial services provider’s stock valued at $124,333,000 after purchasing an additional 146,541 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in Barclays by 5.1% in the first quarter. Lazard Asset Management LLC now owns 8,520,967 shares of the financial services provider’s stock worth $67,315,000 after acquiring an additional 412,160 shares in the last quarter. Raymond James & Associates boosted its holdings in Barclays by 35.6% in the first quarter. Raymond James & Associates now owns 4,218,852 shares of the financial services provider’s stock worth $33,329,000 after acquiring an additional 1,106,572 shares in the last quarter. Northern Trust Corp boosted its holdings in Barclays by 3.3% in the first quarter. Northern Trust Corp now owns 3,262,022 shares of the financial services provider’s stock worth $25,770,000 after acquiring an additional 104,811 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in Barclays by 326.2% in the first quarter. Renaissance Technologies LLC now owns 2,405,686 shares of the financial services provider’s stock worth $19,005,000 after acquiring an additional 1,841,259 shares in the last quarter. Hedge funds and other institutional investors own 3.47% of the company’s stock.

Barclays Trading Down 1.7 %

NYSE:BCS opened at $7.50 on Tuesday. Barclays PLC has a 52-week low of $5.89 and a 52-week high of $12.20. The stock’s 50 day moving average price is $7.08 and its 200 day moving average price is $7.59. The company has a quick ratio of 1.39, a current ratio of 1.40 and a debt-to-equity ratio of 6.07. The company has a market capitalization of $31.35 billion, a PE ratio of 5.00, a P/E/G ratio of 0.16 and a beta of 1.32.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on BCS. Credit Suisse Group raised their price target on Barclays from GBX 240 ($2.82) to GBX 250 ($2.94) and gave the stock an “outperform” rating in a report on Friday, October 28th. Royal Bank of Canada raised their price target on Barclays from GBX 170 ($2.00) to GBX 180 ($2.12) and gave the stock a “sector perform” rating in a report on Friday, October 28th. JPMorgan Chase & Co. lifted their target price on Barclays from GBX 190 ($2.23) to GBX 200 ($2.35) in a report on Wednesday, September 7th. Deutsche Bank Aktiengesellschaft lifted their target price on Barclays from GBX 210 ($2.47) to GBX 230 ($2.70) and gave the stock a “hold” rating in a report on Monday, August 1st. Finally, StockNews.com downgraded Barclays from a “buy” rating to a “hold” rating in a report on Friday, November 4th. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $225.00.

Barclays Profile

(Get Rating)

Barclays PLC, through its subsidiaries, provides various financial products and services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International divisions. It offers financial services, such as retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.

Further Reading

Want to see what other hedge funds are holding BCS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Barclays PLC (NYSE:BCSGet Rating).

Institutional Ownership by Quarter for Barclays (NYSE:BCS)

Receive News & Ratings for Barclays Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barclays and related companies with MarketBeat.com's FREE daily email newsletter.