Integrated Quantitative Investments LLC Raises Stock Holdings in Barclays PLC $BCS

Integrated Quantitative Investments LLC increased its stake in shares of Barclays PLC (NYSE:BCS) by 134.1% in the second quarter, HoldingsChannel reports. The firm owned 57,363 shares of the financial services provider’s stock after buying an additional 32,863 shares during the quarter. Integrated Quantitative Investments LLC’s holdings in Barclays were worth $1,066,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Acadian Asset Management LLC grew its holdings in shares of Barclays by 37.6% during the first quarter. Acadian Asset Management LLC now owns 33,607,068 shares of the financial services provider’s stock worth $516,163,000 after buying an additional 9,188,263 shares in the last quarter. Natixis Advisors LLC boosted its holdings in shares of Barclays by 78.7% during the first quarter. Natixis Advisors LLC now owns 8,892,766 shares of the financial services provider’s stock worth $136,593,000 after purchasing an additional 3,917,785 shares during the last quarter. Bank of Montreal Can increased its stake in Barclays by 289.6% in the second quarter. Bank of Montreal Can now owns 1,991,960 shares of the financial services provider’s stock valued at $37,031,000 after purchasing an additional 1,480,716 shares during the last quarter. Invesco Ltd. lifted its position in Barclays by 8,088.1% during the first quarter. Invesco Ltd. now owns 882,108 shares of the financial services provider’s stock worth $13,549,000 after buying an additional 871,335 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Barclays in the 1st quarter worth about $12,809,000. 3.39% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Royal Bank Of Canada restated an “outperform” rating on shares of Barclays in a report on Thursday, October 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Barclays in a research note on Wednesday, October 8th. Zacks Research downgraded Barclays from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 28th. Morgan Stanley reiterated an “overweight” rating on shares of Barclays in a report on Monday, October 6th. Finally, Wall Street Zen lowered shares of Barclays from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Four 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, the stock presently has an average rating of “Moderate Buy”.

Barclays Stock Performance

Shares of BCS opened at $21.68 on Friday. The firm has a fifty day moving average of $20.81 and a 200-day moving average of $19.32. The company has a market cap of $75.44 billion, a price-to-earnings ratio of 9.99, a price-to-earnings-growth ratio of 0.41 and a beta of 1.14. The company has a debt-to-equity ratio of 5.94, a quick ratio of 1.41 and a current ratio of 1.41. Barclays PLC has a 1 year low of $12.14 and a 1 year high of $22.64.

Barclays (NYSE:BCS) last released its quarterly earnings data on Wednesday, October 22nd. The financial services provider reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.02. The business had revenue of $9.59 billion for the quarter, compared to analysts’ expectations of $6.95 billion. Barclays had a net margin of 21.26% and a return on equity of 8.19%. As a group, equities analysts anticipate that Barclays PLC will post 2 earnings per share for the current 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.