Capital Wealth Planning LLC Raises Stake in Barclays PLC $BCS

Capital Wealth Planning LLC boosted its position in Barclays PLC (NYSE:BCS) by 13.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 758,712 shares of the financial services provider’s stock after purchasing an additional 92,580 shares during the period. Capital Wealth Planning LLC’s holdings in Barclays were worth $19,764,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Fisher Asset Management LLC boosted its stake in shares of Barclays by 4.3% during the fourth quarter. Fisher Asset Management LLC now owns 89,750,069 shares of the financial services provider’s stock valued at $2,284,139,000 after purchasing an additional 3,722,757 shares during the period. Natixis Advisors LLC boosted its stake in shares of Barclays by 5.9% during the third quarter. Natixis Advisors LLC now owns 9,886,650 shares of the financial services provider’s stock valued at $204,357,000 after purchasing an additional 549,497 shares during the period. Norges Bank purchased a new stake in shares of Barclays during the fourth quarter valued at approximately $141,248,000. American Century Companies Inc. boosted its stake in shares of Barclays by 39.2% during the third quarter. American Century Companies Inc. now owns 4,841,068 shares of the financial services provider’s stock valued at $100,065,000 after purchasing an additional 1,362,247 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in shares of Barclays by 793.5% during the third quarter. Ameriprise Financial Inc. now owns 4,777,017 shares of the financial services provider’s stock valued at $99,073,000 after purchasing an additional 4,242,360 shares during the period. Hedge funds and other institutional investors own 3.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on BCS. Citigroup reissued a “neutral” rating on shares of Barclays in a research note on Thursday, April 23rd. Royal Bank Of Canada reissued an “outperform” rating on shares of Barclays in a research note on Wednesday, April 29th. Weiss Ratings lowered Barclays from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, April 21st. Morgan Stanley reissued an “overweight” rating on shares of Barclays in a research note on Wednesday, February 11th. Finally, BNP Paribas Exane lowered Barclays from an “outperform” rating to a “neutral” rating in a research note on Tuesday, April 14th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Barclays Stock Performance

NYSE:BCS opened at $23.66 on Thursday. The firm’s fifty day simple moving average is $23.45 and its 200 day simple moving average is $24.00. The stock has a market cap of $80.66 billion, a P/E ratio of 9.86, a price-to-earnings-growth ratio of 0.45 and a beta of 1.01. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 5.94. Barclays PLC has a twelve month low of $17.22 and a twelve month high of $27.70.

Barclays (NYSE:BCS) last announced its earnings results on Monday, April 27th. The financial services provider reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.01. The firm had revenue of $5.07 billion for the quarter, compared to analyst estimates of $10.88 billion. Barclays had a net margin of 21.10% and a return on equity of 8.12%. As a group, research analysts predict that Barclays PLC will post 2.75 EPS for the current year.

About Barclays

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.