Versant Capital Management Inc Takes $44,000 Position in Barclays PLC (NYSE:BCS)

Versant Capital Management Inc purchased a new stake in Barclays PLC (NYSE:BCS) during the 4th quarter, Holdings Channel.com reports. The fund purchased 3,346 shares of the financial services provider’s stock, valued at approximately $44,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Franklin Resources Inc. increased its position in shares of Barclays by 981.7% during the third quarter. Franklin Resources Inc. now owns 277,243 shares of the financial services provider’s stock worth $3,424,000 after purchasing an additional 251,613 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Barclays during the third quarter worth approximately $120,000. Rehmann Capital Advisory Group boosted its holdings in shares of Barclays by 83.8% in the third quarter. Rehmann Capital Advisory Group now owns 26,243 shares of the financial services provider’s stock valued at $324,000 after acquiring an additional 11,966 shares during the period. Coldstream Capital Management Inc. purchased a new position in shares of Barclays during the third quarter worth approximately $125,000. Finally, MidWestOne Financial Group Inc. increased its holdings in shares of Barclays by 30.2% in the 3rd quarter. MidWestOne Financial Group Inc. now owns 180,215 shares of the financial services provider’s stock valued at $2,190,000 after acquiring an additional 41,776 shares during the period. Institutional investors and hedge funds own 3.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. The Goldman Sachs Group began coverage on shares of Barclays in a research report on Tuesday, October 8th. They set a “buy” rating on the stock. StockNews.com upgraded Barclays from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 19th.

Barclays Stock Performance

NYSE:BCS opened at $13.60 on Tuesday. Barclays PLC has a 1-year low of $7.07 and a 1-year high of $13.83. 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 firm’s fifty day moving average price is $13.23 and its 200 day moving average price is $12.29. The firm has a market cap of $49.07 billion, a price-to-earnings ratio of 9.25 and a beta of 1.41.

Barclays (NYSE:BCS) last released its earnings results on Thursday, October 24th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter. The company had revenue of $8.52 billion for the quarter. Barclays had a return on equity of 6.30% and a net margin of 17.83%. During the same quarter in the previous year, the firm posted $0.42 EPS. On average, sell-side analysts expect that Barclays PLC will post 1.85 EPS for the current year.

Barclays 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.