Mercer Global Advisors Inc. ADV Increases Stock Position in Barclays PLC (NYSE:BCS)

Mercer Global Advisors Inc. ADV increased its position in Barclays PLC (NYSE:BCS) by 2.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 68,788 shares of the financial services provider’s stock after buying an additional 1,891 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Barclays were worth $537,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. Cullen Frost Bankers Inc. boosted its stake in Barclays by 37.5% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 5,164 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 1,407 shares during the last quarter. Profund Advisors LLC increased its holdings in shares of Barclays by 2.9% in the 4th quarter. Profund Advisors LLC now owns 54,986 shares of the financial services provider’s stock worth $429,000 after acquiring an additional 1,534 shares during the period. Kathmere Capital Management LLC increased its holdings in shares of Barclays by 16.8% in the 4th quarter. Kathmere Capital Management LLC now owns 12,469 shares of the financial services provider’s stock worth $97,000 after acquiring an additional 1,796 shares during the period. IFP Advisors Inc increased its stake in Barclays by 17.8% during the 3rd quarter. IFP Advisors Inc now owns 12,940 shares of the financial services provider’s stock valued at $194,000 after buying an additional 1,958 shares during the period. Finally, Mariner LLC increased its stake in Barclays by 7.9% during the 1st quarter. Mariner LLC now owns 28,194 shares of the financial services provider’s stock valued at $223,000 after buying an additional 2,062 shares during the period. 3.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Royal Bank of Canada upgraded shares of Barclays from a “sector perform” rating to an “outperform” rating in a research report on Friday, May 12th. StockNews.com began coverage on Barclays in a report on Thursday. They issued a “buy” rating for the company. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $215.00.

Barclays Stock Performance

Shares of NYSE:BCS opened at $7.99 on Monday. The stock has a market capitalization of $31.72 billion, a P/E ratio of 4.93 and a beta of 1.37. Barclays PLC has a 1-year low of $5.89 and a 1-year high of $9.44. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 5.89. The business has a 50-day moving average price of $7.46 and a two-hundred day moving average price of $7.95.

About Barclays

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Barclays Plc operates as a bank holding company, which engages in the provision of retail banking, credit cards, corporate and investment banking, and wealth management services. The firm operates through Barclays UK and Barclays International segments. The Barclays UK segment consists the U.K. retail banking operations, U.K.