300,185 Shares in Barclays PLC (NYSE:BCS) Bought by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA acquired a new position in Barclays PLC (NYSE:BCS) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 300,185 shares of the financial services provider’s stock, valued at approximately $3,647,000.

Several other large investors also recently modified their holdings of BCS. SVB Wealth LLC grew its holdings in shares of Barclays by 53.9% in the first quarter. SVB Wealth LLC now owns 19,701 shares of the financial services provider’s stock worth $186,000 after acquiring an additional 6,901 shares during the period. B. Riley Wealth Advisors Inc. bought a new stake in Barclays during the first quarter valued at about $95,000. Cetera Advisors LLC bought a new stake in Barclays during the first quarter valued at about $151,000. Teachers Retirement System of The State of Kentucky grew its holdings in Barclays by 20.9% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 1,533,600 shares of the financial services provider’s stock valued at $14,493,000 after purchasing an additional 265,200 shares during the period. Finally, EverSource Wealth Advisors LLC grew its holdings in Barclays by 71.8% during the first quarter. EverSource Wealth Advisors LLC now owns 3,647 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 1,524 shares during the period. Institutional investors own 3.39% of the company’s stock.

Barclays Stock Performance

NYSE BCS opened at $13.14 on Wednesday. The firm has a market cap of $47.58 billion, a price-to-earnings ratio of 8.94 and a beta of 1.41. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 5.67. The business has a 50-day moving average price of $12.62 and a 200-day moving average price of $11.80. Barclays PLC has a twelve month low of $7.02 and a twelve month high of $13.57.

Barclays (NYSE:BCS) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.56 earnings per share for the quarter. The firm 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 last year, the company earned $0.42 EPS. As a group, equities research analysts predict that Barclays PLC will post 1.71 EPS for the current fiscal year.

Analyst Ratings Changes

BCS has been the subject of several recent research reports. StockNews.com lowered Barclays from a “strong-buy” rating to a “buy” rating in a report on Friday, November 22nd. Kepler Capital Markets assumed coverage on Barclays in a report on Thursday, September 5th. They set a “buy” rating for the company. Finally, The Goldman Sachs Group assumed coverage on Barclays in a research note on Tuesday, October 8th. They issued a “buy” rating for the company.

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.