Quadrature Capital Ltd Takes $2.47 Million Position in Barclays PLC $BCS

Quadrature Capital Ltd acquired a new position in shares of Barclays PLC (NYSE:BCS) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 132,843 shares of the financial services provider’s stock, valued at approximately $2,468,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Acadian Asset Management LLC boosted its holdings in Barclays by 37.6% during the first quarter. Acadian Asset Management LLC now owns 33,607,068 shares of the financial services provider’s stock worth $516,163,000 after buying an additional 9,188,263 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Barclays by 1,719.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,031,480 shares of the financial services provider’s stock worth $37,765,000 after acquiring an additional 1,919,843 shares during the last quarter. Bank of Montreal Can grew its holdings in Barclays by 289.6% during the second quarter. Bank of Montreal Can now owns 1,991,960 shares of the financial services provider’s stock valued at $37,031,000 after purchasing an additional 1,480,716 shares during the period. Invesco Ltd. increased its stake in Barclays by 8,088.1% in the first quarter. Invesco Ltd. now owns 882,108 shares of the financial services provider’s stock valued at $13,549,000 after purchasing an additional 871,335 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Barclays in the first quarter worth $12,809,000. Institutional investors and hedge funds own 3.39% of the company’s stock.

Barclays Stock Up 2.4%

Shares of Barclays stock opened at $22.92 on Friday. The firm has a market cap of $79.78 billion, a PE ratio of 10.56, a P/E/G ratio of 0.43 and a beta of 1.14. The business’s 50 day simple moving average is $20.99 and its 200 day simple moving average is $19.68. The company has a debt-to-equity ratio of 5.94, a quick ratio of 1.41 and a current ratio of 1.41. Barclays PLC has a 52-week low of $12.14 and a 52-week high of $22.91.

Barclays (NYSE:BCS) last released its quarterly earnings results on Tuesday, September 30th. The financial services provider reported $0.45 earnings per share for the quarter. Barclays had a return on equity of 8.19% and a net margin of 21.26%.The firm had revenue of $9.21 billion during the quarter. On average, analysts predict that Barclays PLC will post 2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Royal Bank Of Canada restated an “outperform” rating on shares of Barclays in a research report on Thursday, October 23rd. Zacks Research downgraded Barclays from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 28th. Morgan Stanley reiterated an “overweight” rating on shares of Barclays in a report on Monday, November 24th. Citigroup reissued a “neutral” rating on shares of Barclays in a research note on Thursday, October 23rd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Barclays in a research note on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Barclays Company 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.