J.W. Cole Advisors Inc. Takes Position in Barclays PLC $BCS

J.W. Cole Advisors Inc. purchased a new stake in Barclays PLC (NYSE:BCS) in the third quarter, according to its most recent filing with the SEC. The fund purchased 34,543 shares of the financial services provider’s stock, valued at approximately $714,000.

A number of other institutional investors and hedge funds also recently modified their holdings of BCS. Twin Peaks Wealth Advisors LLC acquired a new position in Barclays in the second quarter valued at approximately $27,000. Mather Group LLC. bought a new position in Barclays in the 3rd quarter worth about $30,000. Salomon & Ludwin LLC increased its stake in shares of Barclays by 2,673.6% in the third quarter. Salomon & Ludwin LLC now owns 1,470 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 1,417 shares during the period. Mark Sheptoff Financial Planning LLC bought a new stake in shares of Barclays during the second quarter valued at approximately $28,000. Finally, True Wealth Design LLC acquired a new position in shares of Barclays during the third quarter worth approximately $31,000. 3.39% of the stock is owned by institutional investors and hedge funds.

Barclays Stock Up 1.2%

BCS stock opened at $26.74 on Tuesday. The company has a debt-to-equity ratio of 5.94, a current ratio of 1.41 and a quick ratio of 1.41. The firm has a market cap of $92.69 billion, a PE ratio of 12.32, a P/E/G ratio of 0.40 and a beta of 0.96. Barclays PLC has a 12 month low of $12.14 and a 12 month high of $27.70. The firm has a 50 day simple moving average of $25.47 and a 200 day simple moving average of $22.32.

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

Analyst Ratings Changes

Several brokerages have weighed in on BCS. Zacks Research downgraded Barclays from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 28th. Weiss Ratings restated a “buy (b-)” rating on shares of Barclays in a research note on Tuesday, December 23rd. Citigroup reiterated a “neutral” rating on shares of Barclays in a research report on Thursday, January 22nd. Morgan Stanley restated an “overweight” rating on shares of Barclays in a research report on Monday, November 24th. Finally, Royal Bank Of Canada reaffirmed 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 assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

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.