Rehmann Capital Advisory Group Grows Position in Barclays PLC (NYSE:BCS)

Rehmann Capital Advisory Group boosted its stake in Barclays PLC (NYSE:BCS) by 83.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,243 shares of the financial services provider’s stock after buying an additional 11,966 shares during the period. Rehmann Capital Advisory Group’s holdings in Barclays were worth $324,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Acadian Asset Management LLC boosted its position in shares of Barclays by 1,362.1% during the second 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. Public Employees Retirement System of Ohio purchased a new position in Barclays during the 3rd quarter valued at about $52,335,000. Natixis Advisors LLC grew its position in Barclays by 286.1% in the 3rd quarter. Natixis Advisors LLC now owns 3,565,033 shares of the financial services provider’s stock valued at $43,315,000 after acquiring an additional 2,641,608 shares in the last quarter. Renaissance Technologies LLC increased its stake in Barclays by 190.9% during the second quarter. Renaissance Technologies LLC now owns 3,661,086 shares of the financial services provider’s stock worth $39,210,000 after purchasing an additional 2,402,500 shares during the period. Finally, Sei Investments Co. lifted its position in shares of Barclays by 118.7% during the second quarter. Sei Investments Co. now owns 2,709,312 shares of the financial services provider’s stock worth $29,017,000 after purchasing an additional 1,470,523 shares in the last quarter. Institutional investors and hedge funds own 3.39% of the company’s stock.

Analysts Set New Price Targets

BCS has been the topic of several recent research reports. Kepler Capital Markets initiated coverage on shares of Barclays in a research note on Thursday, September 5th. They set a “buy” rating on the stock. The Goldman Sachs Group initiated coverage on Barclays in a research report on Tuesday, October 8th. They set a “buy” rating on the stock. Finally, StockNews.com lowered Barclays from a “strong-buy” rating to a “buy” rating in a report on Wednesday.

Barclays Stock Down 0.6 %

Shares of NYSE:BCS opened at $13.57 on Friday. Barclays PLC has a fifty-two week low of $7.07 and a fifty-two week high of $13.83. The firm’s 50 day moving average price is $12.92 and its 200 day moving average price is $11.98. 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 stock has a market cap of $48.96 billion, a price-to-earnings ratio of 9.23 and a beta of 1.41.

Barclays (NYSE:BCS) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.56 earnings per share for the quarter. The business had revenue of $8.52 billion for 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 business posted $0.42 earnings per share. As a group, equities research analysts predict that Barclays PLC will post 1.85 earnings per share for the current fiscal year.

Barclays 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.