OVERSEA CHINESE BANKING Corp Ltd Acquires 1,137 Shares of Barclays PLC (NYSE:BCS)

OVERSEA CHINESE BANKING Corp Ltd increased its holdings in shares of Barclays PLC (NYSE:BCS) by 6.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,565 shares of the financial services provider’s stock after purchasing an additional 1,137 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Barclays were worth $213,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of BCS. Allspring Global Investments Holdings LLC acquired a new position in shares of Barclays during the first quarter worth about $89,000. Janney Montgomery Scott LLC boosted its position in Barclays by 8.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 43,447 shares of the financial services provider’s stock worth $411,000 after acquiring an additional 3,226 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in shares of Barclays by 18.2% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 50,312 shares of the financial services provider’s stock worth $475,000 after acquiring an additional 7,734 shares in the last quarter. Sei Investments Co. raised its holdings in shares of Barclays by 26.0% in the first quarter. Sei Investments Co. now owns 1,238,789 shares of the financial services provider’s stock valued at $11,706,000 after purchasing an additional 255,300 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its position in shares of Barclays by 3.1% in the first quarter. Russell Investments Group Ltd. now owns 159,804 shares of the financial services provider’s stock worth $1,510,000 after purchasing an additional 4,873 shares in the last quarter. 3.39% of the stock is currently owned by institutional investors and hedge funds.

Barclays Stock Performance

Shares of BCS stock opened at $12.96 on Friday. The company has a debt-to-equity ratio of 5.67, a current ratio of 1.35 and a quick ratio of 1.35. The company has a fifty day moving average price of $12.36 and a two-hundred day moving average price of $11.62. The stock has a market cap of $47.18 billion, a P/E ratio of 8.84 and a beta of 1.41. Barclays PLC has a one year low of $6.91 and a one year high of $13.57.

Barclays (NYSE:BCS) last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter. The business had revenue of $8.52 billion during the quarter. Barclays had a return on equity of 6.30% and a net margin of 17.83%. During the same period in the prior year, the business earned $0.42 EPS. As a group, equities analysts predict that Barclays PLC will post 1.71 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Kepler Capital Markets began coverage on shares of Barclays in a research note on Thursday, September 5th. They issued a “buy” rating on the stock. The Goldman Sachs Group initiated coverage on Barclays in a report on Tuesday, October 8th. They set a “buy” rating on the stock. Finally, StockNews.com raised Barclays from a “buy” rating to a “strong-buy” rating in a research report on Thursday.

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.