Barclays PLC (NYSE:BCS) Shares Bought by Stifel Financial Corp

Stifel Financial Corp grew its position in Barclays PLC (NYSE:BCS) by 25.4% in the third quarter, HoldingsChannel reports. The institutional investor owned 634,068 shares of the financial services provider’s stock after acquiring an additional 128,375 shares during the period. Stifel Financial Corp’s holdings in Barclays were worth $7,704,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Acadian Asset Management LLC increased its stake in Barclays by 1,362.1% during the 2nd quarter. Acadian Asset Management LLC now owns 19,682,115 shares of the financial services provider’s stock worth $210,762,000 after buying an additional 18,335,937 shares during the period. FMR LLC increased its position in shares of Barclays by 11.6% during the third quarter. FMR LLC now owns 6,432,007 shares of the financial services provider’s stock worth $78,149,000 after acquiring an additional 667,498 shares during the period. Raymond James & Associates raised its stake in shares of Barclays by 11.9% in the third quarter. Raymond James & Associates now owns 4,007,379 shares of the financial services provider’s stock valued at $48,690,000 after acquiring an additional 426,815 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in Barclays by 190.9% in the second quarter. Renaissance Technologies LLC now owns 3,661,086 shares of the financial services provider’s stock valued at $39,210,000 after purchasing an additional 2,402,500 shares during the period. Finally, Natixis Advisors LLC grew its stake in Barclays by 286.1% during the 3rd quarter. Natixis Advisors LLC now owns 3,565,033 shares of the financial services provider’s stock worth $43,315,000 after purchasing an additional 2,641,608 shares in the last quarter. Hedge funds and other institutional investors own 3.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. The Goldman Sachs Group assumed coverage on Barclays in a research note on Tuesday, October 8th. They issued a “buy” rating for the company. Kepler Capital Markets started coverage on shares of Barclays in a research note on Thursday, September 5th. They issued a “buy” rating for the company. Finally, StockNews.com downgraded shares of Barclays from a “strong-buy” rating to a “buy” rating in a research report on Wednesday.

Barclays Stock Down 0.6 %

Shares of NYSE BCS opened at $13.57 on Friday. The business has a 50-day moving average of $12.92 and a two-hundred day moving average of $11.98. The company has a market capitalization of $48.96 billion, a price-to-earnings ratio of 9.26 and a beta of 1.41. Barclays PLC has a 1 year low of $7.07 and a 1 year high of $13.83. The company has a debt-to-equity ratio of 5.67, a current ratio of 1.35 and a quick ratio of 1.35.

Barclays (NYSE:BCS) last posted its earnings results on Thursday, October 24th. The financial services provider reported $0.56 earnings per share for the quarter. The firm had revenue of $8.52 billion during the quarter. Barclays had a return on equity of 6.30% and a net margin of 17.83%. During the same quarter in the previous year, the firm earned $0.42 EPS. On average, analysts forecast that Barclays PLC will post 1.85 earnings per share for the current fiscal year.

About Barclays

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.