Eagle Global Advisors LLC Takes $3.05 Million Position in Barclays PLC $BCS

Eagle Global Advisors LLC purchased a new position in Barclays PLC (NYSE:BCS) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 147,520 shares of the financial services provider’s stock, valued at approximately $3,049,000.

A number of other large investors have also added to or reduced their stakes in BCS. Fisher Asset Management LLC boosted its holdings in Barclays by 13.2% in the second quarter. Fisher Asset Management LLC now owns 83,062,892 shares of the financial services provider’s stock worth $1,544,139,000 after acquiring an additional 9,692,999 shares in the last quarter. Norges Bank purchased a new position in shares of Barclays in the 2nd quarter worth about $63,206,000. 1832 Asset Management L.P. bought a new position in Barclays in the 2nd quarter worth about $57,568,000. JPMorgan Chase & Co. increased 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 valued at $37,765,000 after purchasing an additional 1,919,843 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in Barclays by 7,013.1% in the second quarter. BNP Paribas Financial Markets now owns 1,671,369 shares of the financial services provider’s stock worth $31,071,000 after buying an additional 1,647,872 shares during the last quarter. Hedge funds and other institutional investors own 3.39% of the company’s stock.

Barclays Stock Up 0.4%

Barclays stock opened at $25.90 on Thursday. Barclays PLC has a one year low of $12.14 and a one year high of $26.64. The stock has a fifty day moving average of $23.79 and a 200 day moving average of $21.32. The company has a debt-to-equity ratio of 5.94, a quick ratio of 1.41 and a current ratio of 1.41. The stock has a market cap of $89.76 billion, a PE ratio of 11.93, a price-to-earnings-growth ratio of 0.40 and a beta of 0.98.

Barclays (NYSE:BCS) last announced its earnings results on Tuesday, September 30th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter. Barclays had a return on equity of 8.19% and a net margin of 21.26%.The business had revenue of $9.21 billion for the quarter. As a group, sell-side analysts predict that Barclays PLC will post 2 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on BCS shares. Citigroup reissued a “neutral” rating on shares of Barclays in a research report on Monday, December 1st. Morgan Stanley reiterated an “overweight” rating on shares of Barclays in a research note on Monday, November 24th. Wall Street Zen cut Barclays from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Barclays in a research report on Tuesday, December 23rd. Finally, Zacks Research lowered Barclays from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 28th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Barclays Company Profile

Barclays PLC (NYSE: BCS) is a British multinational bank and financial services company headquartered in London. The firm provides a broad range of banking and financial products to individual, corporate and institutional customers. Its core activities span retail and business banking, credit cards and payments, corporate and investment banking, and wealth and investment management.

In retail and business banking, Barclays offers deposit accounts, mortgages, personal and business loans, and card services.