Advisors Asset Management Inc. Has $1.64 Million Stock Position in Barclays PLC $BCS

Advisors Asset Management Inc. boosted its holdings in Barclays PLC (NYSE:BCS) by 29.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 88,163 shares of the financial services provider’s stock after buying an additional 19,852 shares during the quarter. Advisors Asset Management Inc.’s holdings in Barclays were worth $1,639,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BCS. Acadian Asset Management LLC lifted its holdings in shares of Barclays by 37.6% in the first quarter. Acadian Asset Management LLC now owns 33,607,068 shares of the financial services provider’s stock worth $516,163,000 after acquiring an additional 9,188,263 shares during the last quarter. JPMorgan Chase & Co. increased its position in Barclays by 1,719.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,031,480 shares of the financial services provider’s stock worth $37,765,000 after purchasing an additional 1,919,843 shares in the last quarter. Bank of Montreal Can lifted its stake in Barclays by 289.6% in the 2nd quarter. Bank of Montreal Can now owns 1,991,960 shares of the financial services provider’s stock valued at $37,031,000 after purchasing an additional 1,480,716 shares during the last quarter. Invesco Ltd. boosted its position in Barclays by 8,088.1% in the first quarter. Invesco Ltd. now owns 882,108 shares of the financial services provider’s stock valued at $13,549,000 after buying an additional 871,335 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Barclays in the first quarter valued at approximately $12,809,000. Institutional investors own 3.39% of the company’s stock.

Barclays Stock Performance

NYSE:BCS opened at $22.92 on Friday. The company has a debt-to-equity ratio of 5.94, a quick ratio of 1.41 and a current ratio of 1.41. Barclays PLC has a fifty-two week low of $12.14 and a fifty-two week high of $22.91. The company has a 50 day simple moving average of $20.99 and a two-hundred day simple moving average of $19.68. The company has a market capitalization of $79.78 billion, a PE ratio of 10.56, a P/E/G ratio of 0.43 and a beta of 1.14.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BCS. Zacks Research downgraded shares of Barclays from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 28th. Morgan Stanley restated an “overweight” rating on shares of Barclays in a research report on Monday, November 24th. Weiss Ratings reiterated a “buy (b)” rating on shares of Barclays in a research report on Wednesday, October 8th. Royal Bank Of Canada reissued an “outperform” rating on shares of Barclays in a research note on Thursday, October 23rd. Finally, Citigroup restated a “neutral” rating on shares of Barclays in a report on Thursday, October 23rd. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Barclays Profile

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