GKV Capital Management Co. Inc. Invests $1.85 Million in Barclays PLC $BCS

GKV Capital Management Co. Inc. bought a new position in shares of Barclays PLC (NYSE:BCS) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 89,500 shares of the financial services provider’s stock, valued at approximately $1,850,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. NewEdge Advisors LLC raised its stake in shares of Barclays by 72.8% in the first quarter. NewEdge Advisors LLC now owns 47,051 shares of the financial services provider’s stock valued at $723,000 after acquiring an additional 19,818 shares in the last quarter. Sivia Capital Partners LLC increased its holdings in Barclays by 19.6% during the 2nd quarter. Sivia Capital Partners LLC now owns 23,572 shares of the financial services provider’s stock worth $438,000 after purchasing an additional 3,868 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Barclays by 2.3% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 159,772 shares of the financial services provider’s stock valued at $2,917,000 after buying an additional 3,644 shares during the period. UMB Bank n.a. grew its position in shares of Barclays by 70.0% during the second quarter. UMB Bank n.a. now owns 3,148 shares of the financial services provider’s stock worth $59,000 after buying an additional 1,296 shares in the last quarter. Finally, Park Avenue Securities LLC purchased a new stake in shares of Barclays during the second quarter worth approximately $1,708,000. Hedge funds and other institutional investors own 3.39% of the company’s stock.

Analyst Upgrades and Downgrades

BCS has been the subject of several analyst reports. Zacks Research cut shares of Barclays from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 28th. Citigroup reiterated a “neutral” rating on shares of Barclays in a research note on Monday, December 1st. Royal Bank Of Canada restated an “outperform” rating on shares of Barclays in a research note on Thursday, October 23rd. Morgan Stanley reaffirmed an “overweight” rating on shares of Barclays in a research report on Monday, November 24th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Barclays in a research report on Tuesday, December 23rd. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Barclays Stock Performance

Shares of BCS opened at $26.19 on Tuesday. The company’s 50 day simple moving average is $24.05 and its 200-day simple moving average is $21.50. The firm has a market cap of $90.78 billion, a PE ratio of 12.07, a price-to-earnings-growth ratio of 0.40 and a beta of 0.98. Barclays PLC has a 12-month low of $12.14 and a 12-month high of $26.64. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 5.94.

Barclays (NYSE:BCS) last issued its quarterly earnings results on Tuesday, September 30th. The financial services provider reported $0.45 earnings per share for the quarter. The firm 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%. As a group, equities analysts predict that Barclays PLC will post 2 EPS for the current year.

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.