Barclays PLC $BCS Shares Bought by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. increased its position in Barclays PLC (NYSE:BCS) by 8.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 133,678 shares of the financial services provider’s stock after acquiring an additional 10,186 shares during the period. PNC Financial Services Group Inc.’s holdings in Barclays were worth $2,485,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. boosted its position in Barclays by 13.2% during the second quarter. SBI Securities Co. Ltd. now owns 6,425 shares of the financial services provider’s stock worth $119,000 after purchasing an additional 751 shares in the last quarter. Vise Technologies Inc. purchased a new stake in shares of Barclays in the 2nd quarter worth about $1,353,000. Profund Advisors LLC grew its stake in Barclays by 3.6% in the 2nd quarter. Profund Advisors LLC now owns 42,373 shares of the financial services provider’s stock valued at $788,000 after acquiring an additional 1,464 shares during the last quarter. Midwest Trust Co purchased a new position in Barclays during the 2nd quarter valued at about $452,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in Barclays during the second quarter worth about $4,422,000. 3.39% of the stock is owned by institutional investors and hedge funds.

Barclays Price Performance

Shares of NYSE:BCS opened at $21.11 on Wednesday. The company has a market cap of $73.46 billion, a P/E ratio of 9.73, a P/E/G ratio of 0.40 and a beta of 1.14. The business has a fifty day simple moving average of $20.85 and a 200-day simple moving average of $19.41. Barclays PLC has a 52 week low of $12.14 and a 52 week high of $22.64. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 5.94.

Barclays (NYSE:BCS) last issued its quarterly earnings results on Wednesday, October 22nd. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.02. The firm had revenue of $9.59 billion for the quarter, compared to analyst estimates of $6.95 billion. Barclays had a return on equity of 8.19% and a net margin of 21.26%. Equities research analysts forecast that Barclays PLC will post 2 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on BCS. Citigroup reiterated a “neutral” rating on shares of Barclays in a research report on Thursday, October 23rd. Royal Bank Of Canada reiterated an “outperform” rating on shares of Barclays in a report on Thursday, October 23rd. Morgan Stanley reissued an “overweight” rating on shares of Barclays in a report on Monday, October 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Barclays in a research note on Wednesday, October 8th. Finally, Wall Street Zen downgraded shares of Barclays from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Barclays currently has an average rating of “Moderate Buy”.

About Barclays

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.