Barclays PLC $BCS Position Increased by Leuthold Group LLC

Leuthold Group LLC grew its position in shares of Barclays PLC (NYSE:BCS) by 8.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 344,872 shares of the financial services provider’s stock after buying an additional 27,922 shares during the period. Leuthold Group LLC’s holdings in Barclays were worth $8,370,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Hohimer Wealth Management LLC acquired a new stake in shares of Barclays during the 3rd quarter valued at approximately $10,385,000. Brighton Jones LLC lifted its stake in Barclays by 14.5% during the third quarter. Brighton Jones LLC now owns 12,166 shares of the financial services provider’s stock worth $295,000 after purchasing an additional 1,541 shares during the last quarter. Ethic Inc. boosted its holdings in Barclays by 10.7% in the third quarter. Ethic Inc. now owns 217,736 shares of the financial services provider’s stock worth $5,284,000 after purchasing an additional 20,959 shares during the period. May Hill Capital LLC boosted its holdings in Barclays by 15.7% in the third quarter. May Hill Capital LLC now owns 17,531 shares of the financial services provider’s stock worth $425,000 after purchasing an additional 2,377 shares during the period. Finally, Syverson Strege & Co increased its stake in Barclays by 3.8% during the third quarter. Syverson Strege & Co now owns 14,594 shares of the financial services provider’s stock valued at $354,000 after purchasing an additional 535 shares during the last quarter. Institutional investors and hedge funds own 3.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on BCS. Morgan Stanley cut shares of Barclays from an “overweight” rating to an “equal weight” rating in a report on Wednesday, September 2nd. Citigroup reaffirmed a “neutral” rating on shares of Barclays in a report on Thursday, July 16th. Bank of America downgraded shares of Barclays from a “buy” rating to a “neutral” rating in a research report on Tuesday, September 1st. Finally, Weiss Ratings lowered shares of Barclays from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, October 23rd. Four analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Barclays has a consensus rating of “Hold”.

Barclays Trading Up 3.8%

Shares of NYSE BCS opened at $23.18 on Tuesday. The company has a market cap of $77.51 billion, a price-to-earnings ratio of 8.53, a price-to-earnings-growth ratio of 0.51 and a beta of 1.04. Barclays PLC has a 12-month low of $19.83 and a 12-month high of $28.68. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 5.89. The stock’s 50 day simple moving average is $24.04 and its 200 day simple moving average is $24.80.

Barclays (NYSE:BCS) last released its quarterly earnings data on Wednesday, October 21st. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). Barclays had a net margin of 22.74% and a return on equity of 9.02%. The company had revenue of $9.85 billion for the quarter, compared to analyst estimates of $10.10 billion. Equities research analysts expect that Barclays PLC will post 2.78 EPS for the current year.

Barclays Profile

Barclays is a British banking group that provides financial services to individuals, businesses, corporations and institutions. Its principal activities include retail and business banking, credit cards and payments, corporate banking, investment banking and wealth management.

The company serves customers in the United Kingdom and internationally, with a significant presence in the United States. Its businesses include Barclays UK, which focuses on UK consumer and business banking, and Barclays International, which includes its international banking and markets operations.

Barclays traces its origins to goldsmith banking in London in 1690.