Prospera Financial Services Inc Grows Stake in Barclays PLC $BCS

Prospera Financial Services Inc raised its stake in Barclays PLC (NYSE:BCS) by 113.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 153,810 shares of the financial services provider’s stock after acquiring an additional 81,623 shares during the period. Prospera Financial Services Inc’s holdings in Barclays were worth $3,914,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Oppenheimer & Co. Inc. lifted its holdings in shares of Barclays by 1.1% during the third quarter. Oppenheimer & Co. Inc. now owns 42,600 shares of the financial services provider’s stock valued at $881,000 after purchasing an additional 482 shares in the last quarter. Diversified Trust Co. lifted its holdings in shares of Barclays by 0.4% during the fourth quarter. Diversified Trust Co. now owns 122,957 shares of the financial services provider’s stock valued at $3,129,000 after purchasing an additional 507 shares in the last quarter. Parallel Advisors LLC lifted its holdings in shares of Barclays by 3.0% during the third quarter. Parallel Advisors LLC now owns 19,183 shares of the financial services provider’s stock valued at $397,000 after purchasing an additional 563 shares in the last quarter. Aprio Wealth Management LLC lifted its holdings in shares of Barclays by 2.9% during the fourth quarter. Aprio Wealth Management LLC now owns 20,605 shares of the financial services provider’s stock valued at $524,000 after purchasing an additional 586 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its holdings in shares of Barclays by 0.4% during the third quarter. Quadrant Capital Group LLC now owns 152,351 shares of the financial services provider’s stock valued at $3,149,000 after purchasing an additional 633 shares in the last quarter. 3.39% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Erste Group Bank reaffirmed a “hold” rating on shares of Barclays in a report on Thursday, March 5th. Morgan Stanley reaffirmed an “overweight” rating on shares of Barclays in a report on Wednesday, February 11th. Weiss Ratings downgraded Barclays from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, April 21st. Citigroup reaffirmed a “neutral” rating on shares of Barclays in a report on Thursday, April 23rd. Finally, Zacks Research downgraded Barclays from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 19th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold”.

Barclays Stock Performance

NYSE:BCS opened at $23.84 on Tuesday. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 5.94. Barclays PLC has a 12-month low of $17.22 and a 12-month high of $27.70. The stock has a 50-day moving average price of $22.53 and a 200 day moving average price of $23.76. The stock has a market capitalization of $81.24 billion, a P/E ratio of 9.93, a P/E/G ratio of 0.44 and a beta of 1.01.

Barclays (NYSE:BCS) last released its earnings results on Monday, April 27th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.01. The firm had revenue of $5.07 billion during the quarter, compared to analysts’ expectations of $10.88 billion. Barclays had a return on equity of 8.12% and a net margin of 21.10%. Equities research analysts forecast that Barclays PLC will post 2.75 EPS for the current fiscal 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.