Morningstar Investment Services LLC Increases Stake in Barclays PLC (NYSE:BCS)

Morningstar Investment Services LLC raised its position in shares of Barclays PLC (NYSE:BCS) by 13.5% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 74,604 shares of the financial services provider’s stock after purchasing an additional 8,882 shares during the quarter. Morningstar Investment Services LLC’s holdings in Barclays were worth $568,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in BCS. Greenleaf Trust boosted its stake in Barclays by 77.0% during the first quarter. Greenleaf Trust now owns 22,539 shares of the financial services provider’s stock worth $180,000 after buying an additional 9,806 shares during the period. Dimensional Fund Advisors LP increased its holdings in Barclays by 7.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 14,443,537 shares of the financial services provider’s stock valued at $108,904,000 after buying an additional 980,953 shares in the last quarter. RBA Wealth Management LLC raised its position in shares of Barclays by 43.1% in the second quarter. RBA Wealth Management LLC now owns 33,390 shares of the financial services provider’s stock worth $254,000 after acquiring an additional 10,050 shares during the period. Oppenheimer Asset Management Inc. raised its position in shares of Barclays by 9.4% in the second quarter. Oppenheimer Asset Management Inc. now owns 481,720 shares of the financial services provider’s stock worth $3,666,000 after acquiring an additional 41,399 shares during the period. Finally, Stamos Capital Partners L.P. acquired a new position in shares of Barclays in the first quarter worth about $257,000. Institutional investors and hedge funds own 2.46% of the company’s stock.

Shares of NYSE:BCS traded up $0.03 during midday trading on Wednesday, reaching $7.34. 215,068 shares of the company’s stock traded hands, compared to its average volume of 2,616,922. The company has a fifty day simple moving average of $7.03 and a two-hundred day simple moving average of $7.84. Barclays PLC has a 1 year low of $6.54 and a 1 year high of $9.53. The company has a market cap of $31.52 billion, a P/E ratio of 6.33, a PEG ratio of 2.03 and a beta of 0.97. The company has a debt-to-equity ratio of 4.93, a quick ratio of 1.54 and a current ratio of 1.54.

Barclays (NYSE:BCS) last posted its quarterly earnings data on Thursday, August 1st. The financial services provider reported $0.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.01. Barclays had a net margin of 14.72% and a return on equity of 5.03%. The company had revenue of $7.12 billion during the quarter, compared to analysts’ expectations of $6.92 billion. As a group, research analysts forecast that Barclays PLC will post 1.12 EPS for the current fiscal year.

BCS has been the topic of a number of analyst reports. Keefe, Bruyette & Woods upgraded Barclays from an “underperform” rating to a “market perform” rating in a research report on Thursday, September 5th. BNP Paribas raised Barclays from an “underperform” rating to a “neutral” rating in a report on Wednesday, August 21st. Exane BNP Paribas raised Barclays from an “underperform” rating to a “neutral” rating in a report on Wednesday, August 21st. Finally, Zacks Investment Research downgraded Barclays from a “hold” rating to a “sell” rating and set a $8.00 price target on the stock. in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. Barclays presently has a consensus rating of “Hold” and an average target price of $8.00.

About Barclays

Barclays PLC, through its subsidiaries, provides various financial products and services in the United Kingdom, other European countries, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International divisions. It offers personal and business banking services; credit and debit cards; international banking; and private banking services, which include investment, wealth planning, and credit and specialist solutions to high net worth and ultra-high net worth clients, and family offices.

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Institutional Ownership by Quarter for Barclays (NYSE:BCS)

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