US Bancorp DE Has $549,000 Stock Position in Barclays PLC (NYSE:BCS)

US Bancorp DE reduced its position in shares of Barclays PLC (NYSE:BCSGet Rating) by 3.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,618 shares of the financial services provider’s stock after selling 3,280 shares during the period. US Bancorp DE’s holdings in Barclays were worth $549,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. OLD Mission Capital LLC bought a new stake in Barclays during the second quarter valued at $77,000. Kathmere Capital Management LLC bought a new position in Barclays in the 2nd quarter worth approximately $79,000. Sawtooth Solutions LLC bought a new position in Barclays in the 3rd quarter worth approximately $80,000. Seven Eight Capital LP bought a new position in Barclays in the 2nd quarter worth approximately $81,000. Finally, Ronald Blue Trust Inc. bought a new position in Barclays in the 2nd quarter worth approximately $90,000. 3.32% of the stock is currently owned by institutional investors and hedge funds.

Barclays Trading Up 0.4 %

Shares of NYSE BCS opened at $8.96 on Friday. The stock has a market cap of $37.46 billion, a price-to-earnings ratio of 5.97 and a beta of 1.31. The company has a 50 day simple moving average of $8.00 and a two-hundred day simple moving average of $7.62. Barclays PLC has a 12 month low of $5.89 and a 12 month high of $11.63.

Barclays (NYSE:BCSGet Rating) last issued its quarterly earnings results on Wednesday, October 26th. The financial services provider reported $0.44 EPS for the quarter, topping the consensus estimate of $0.34 by $0.10. The company had revenue of $7.01 billion during the quarter, compared to analyst estimates of $6.35 billion. Barclays had a net margin of 20.91% and a return on equity of 6.93%. Analysts forecast that Barclays PLC will post 1.74 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Exane BNP Paribas raised shares of Barclays from a “neutral” rating to an “outperform” rating in a report on Wednesday, December 14th. Royal Bank of Canada lifted their target price on shares of Barclays from GBX 170 ($2.07) to GBX 180 ($2.20) and gave the company a “sector perform” rating in a research note on Friday, October 28th. BNP Paribas raised shares of Barclays from a “neutral” rating to an “outperform” rating in a research note on Wednesday, December 14th. JPMorgan Chase & Co. upgraded shares of Barclays from a “neutral” rating to an “overweight” rating in a research note on Tuesday, December 6th. Finally, Credit Suisse Group upped their target price on shares of Barclays from GBX 240 ($2.93) to GBX 250 ($3.05) and gave the stock an “outperform” rating in a research note on Friday, October 28th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $225.00.

Barclays Profile

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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.

See Also

Institutional Ownership by Quarter for Barclays (NYSE:BCS)

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