BKM Wealth Management LLC Buys New Stake in Barclays PLC $BCS

BKM Wealth Management LLC purchased a new position in shares of Barclays PLC (NYSE:BCS) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 33,350 shares of the financial services provider’s stock, valued at approximately $689,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fisher Asset Management LLC boosted its stake in shares of Barclays by 13.2% during the 2nd quarter. Fisher Asset Management LLC now owns 83,062,892 shares of the financial services provider’s stock worth $1,544,139,000 after acquiring an additional 9,692,999 shares in the last quarter. Norges Bank purchased a new position in shares of Barclays in the 2nd quarter valued at about $63,206,000. 1832 Asset Management L.P. acquired a new position in Barclays in the 2nd quarter worth about $57,568,000. JPMorgan Chase & Co. boosted its position in Barclays by 1,719.7% during the second 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. Finally, BNP Paribas Financial Markets grew its holdings in Barclays by 7,013.1% in the second quarter. BNP Paribas Financial Markets now owns 1,671,369 shares of the financial services provider’s stock valued at $31,071,000 after purchasing an additional 1,647,872 shares during the period. Hedge funds and other institutional investors own 3.39% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on BCS shares. Wall Street Zen downgraded Barclays from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Zacks Research lowered shares of Barclays from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 28th. Morgan Stanley reaffirmed an “overweight” rating on shares of Barclays in a report on Monday, November 24th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Barclays in a research report on Tuesday, December 23rd. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Barclays in a research note on Thursday, October 23rd. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Barclays currently has an average rating of “Moderate Buy”.

Barclays Trading Up 1.0%

Shares of BCS opened at $26.08 on Friday. Barclays PLC has a 52-week low of $12.14 and a 52-week high of $26.64. The stock has a market cap of $90.67 billion, a PE ratio of 12.02, a price-to-earnings-growth ratio of 0.40 and a beta of 0.98. The firm’s fifty day moving average is $23.43 and its two-hundred day moving average is $21.08. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 5.94.

Barclays (NYSE:BCS) last issued its earnings results on Tuesday, September 30th. The financial services provider reported $0.45 EPS for the quarter. The business 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%. Research analysts forecast that Barclays PLC will post 2 earnings per share for the current fiscal year.

About Barclays

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.