Advisors Asset Management Inc. Increases Stock Position in Barclays PLC (NYSE:BCS)

Advisors Asset Management Inc. increased its position in Barclays PLC (NYSE:BCS) by 22.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 19,471 shares of the financial services provider’s stock after acquiring an additional 3,527 shares during the period. Advisors Asset Management Inc.’s holdings in Barclays were worth $148,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in BCS. Tcwp LLC bought a new stake in Barclays in the 1st quarter worth approximately $31,000. WD Rutherford LLC bought a new stake in shares of Barclays during the 1st quarter valued at $39,000. OLD Mission Capital LLC bought a new stake in shares of Barclays during the 2nd quarter valued at $77,000. Onyx Bridge Wealth Group LLC bought a new stake in shares of Barclays during the 1st quarter valued at $81,000. Finally, Seven Eight Capital LP bought a new position in Barclays during the 2nd quarter valued at about $81,000. 3.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on BCS. Credit Suisse Group increased their price objective on shares of Barclays from GBX 240 ($2.84) to GBX 250 ($2.96) and gave the company an “outperform” rating in a research note on Friday, October 28th. StockNews.com downgraded shares of Barclays from a “buy” rating to a “hold” rating in a research note on Friday, November 4th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Barclays from GBX 210 ($2.48) to GBX 230 ($2.72) and gave the stock a “hold” rating in a research report on Monday, August 1st. Royal Bank of Canada upped their price objective on shares of Barclays from GBX 170 ($2.01) to GBX 180 ($2.13) and gave the stock a “sector perform” rating in a research report on Friday, October 28th. Finally, JPMorgan Chase & Co. upped their price target on shares of Barclays from GBX 190 ($2.25) to GBX 200 ($2.36) in a research note on Wednesday, September 7th. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $225.00.

Barclays Stock Performance

NYSE:BCS opened at $7.58 on Tuesday. The stock has a market cap of $31.69 billion, a P/E ratio of 5.05, a PEG ratio of 0.15 and a beta of 1.32. The company has a current ratio of 1.40, a quick ratio of 1.39 and a debt-to-equity ratio of 6.07. The stock has a 50 day simple moving average of $7.04 and a 200 day simple moving average of $7.58. Barclays PLC has a 1-year low of $5.89 and a 1-year high of $12.20.

Barclays Company Profile

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Barclays PLC, through its subsidiaries, provides various financial products and services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International divisions. It offers financial services, such as retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.

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Institutional Ownership by Quarter for Barclays (NYSE:BCS)

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