Truist Financial Corp Grows Stake in Barclays PLC (NYSE:BCS)

Truist Financial Corp increased its holdings in shares of Barclays PLC (NYSE:BCS) by 1.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 157,138 shares of the financial services provider’s stock after acquiring an additional 2,167 shares during the period. Truist Financial Corp’s holdings in Barclays were worth $1,006,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in BCS. OLD Mission Capital LLC purchased a new stake in shares of Barclays during the second quarter worth about $77,000. Kathmere Capital Management LLC bought a new position in Barclays during the second quarter valued at approximately $79,000. Sawtooth Solutions LLC bought a new position in Barclays during the third quarter valued at approximately $80,000. Seven Eight Capital LP bought a new position in Barclays during the second quarter valued at approximately $81,000. Finally, Five Oceans Advisors bought a new position in Barclays during the second quarter valued at approximately $90,000. Hedge funds and other institutional investors own 3.32% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Royal Bank of Canada increased their price target on Barclays from GBX 170 ($2.07) to GBX 180 ($2.20) and gave the company a “sector perform” rating in a research note on Friday, October 28th. StockNews.com raised Barclays from a “hold” rating to a “buy” rating in a research note on Wednesday, January 11th. JPMorgan Chase & Co. raised Barclays from a “neutral” rating to an “overweight” rating in a research note on Tuesday, December 6th. BNP Paribas raised Barclays from a “neutral” rating to an “outperform” rating in a research note on Wednesday, December 14th. Finally, Exane BNP Paribas raised Barclays from a “neutral” rating to an “outperform” rating in a research note on Wednesday, December 14th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Barclays has a consensus rating of “Moderate Buy” and a consensus target price of $225.00.

Barclays Stock Performance

Shares of BCS stock opened at $8.92 on Friday. Barclays PLC has a 52-week low of $5.89 and a 52-week high of $11.63. The firm has a market capitalization of $37.29 billion, a P/E ratio of 5.95 and a beta of 1.31. The stock has a 50 day moving average price of $7.97 and a 200 day moving average price of $7.61.

Barclays (NYSE:BCSGet Rating) last released its quarterly earnings data on Wednesday, October 26th. The financial services provider reported $0.44 EPS for the quarter, topping the consensus estimate of $0.34 by $0.10. The company had revenue of $7.01 billion for the quarter, compared to the consensus estimate of $6.35 billion. Barclays had a return on equity of 6.93% and a net margin of 20.91%. As a group, sell-side analysts forecast that Barclays PLC will post 1.74 EPS for the current year.

Barclays Profile

(Get Rating)

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.

Recommended Stories

Want to see what other hedge funds are holding BCS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Barclays PLC (NYSE:BCSGet Rating).

Institutional Ownership by Quarter for Barclays (NYSE:BCS)

Receive News & Ratings for Barclays Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barclays and related companies with MarketBeat.com's FREE daily email newsletter.