King Luther Capital Management Corp Boosts Stock Holdings in Barclays PLC (NYSE:BCS)

King Luther Capital Management Corp increased its position in shares of Barclays PLC (NYSE:BCS) by 19.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 26,968 shares of the financial services provider’s stock after buying an additional 4,409 shares during the period. King Luther Capital Management Corp’s holdings in Barclays were worth $328,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Acadian Asset Management LLC boosted its stake in shares of 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 acquiring an additional 18,335,937 shares in the last quarter. Natixis Advisors LLC grew its holdings in Barclays by 286.1% in the third quarter. Natixis Advisors LLC now owns 3,565,033 shares of the financial services provider’s stock valued at $43,315,000 after purchasing an additional 2,641,608 shares during the period. Renaissance Technologies LLC increased its position in shares of 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 buying an additional 2,402,500 shares in the last quarter. Sei Investments Co. raised its stake in shares of Barclays by 118.7% during the 2nd quarter. Sei Investments Co. now owns 2,709,312 shares of the financial services provider’s stock worth $29,017,000 after buying an additional 1,470,523 shares during the period. Finally, Duquesne Family Office LLC lifted its position in shares of Barclays by 97.4% during the 2nd quarter. Duquesne Family Office LLC now owns 2,075,455 shares of the financial services provider’s stock valued at $22,228,000 after buying an additional 1,024,100 shares in the last quarter. Institutional investors and hedge funds own 3.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. StockNews.com cut shares of Barclays from a “strong-buy” rating to a “buy” rating in a research report on Friday. Kepler Capital Markets began coverage on shares of Barclays in a research note on Thursday, September 5th. They issued a “buy” rating on the stock. Finally, The Goldman Sachs Group initiated coverage on Barclays in a research note on Tuesday, October 8th. They set a “buy” rating for the company.

Barclays Price Performance

Barclays stock opened at $12.97 on Friday. The company has a fifty day simple moving average of $12.57 and a 200-day simple moving average of $11.76. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 5.67. The firm has a market capitalization of $46.97 billion, a price-to-earnings ratio of 8.82 and a beta of 1.41. Barclays PLC has a 52-week low of $7.02 and a 52-week high of $13.57.

Barclays (NYSE:BCS) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.56 EPS for the quarter. The company had revenue of $8.52 billion during the quarter. Barclays had a net margin of 17.83% and a return on equity of 6.30%. During the same quarter in the previous year, the company posted $0.42 EPS. On average, equities analysts anticipate that Barclays PLC will post 1.71 EPS for the current fiscal year.

Barclays Company Profile

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.