Baron Wealth Management LLC Has $203,000 Stock Holdings in Barclays PLC (NYSE:BCS)

Baron Wealth Management LLC increased its holdings in shares of Barclays PLC (NYSE:BCS) by 56.8% during the 3rd quarter, Holdings Channel.com reports. The fund owned 16,743 shares of the financial services provider’s stock after acquiring an additional 6,062 shares during the period. Baron Wealth Management LLC’s holdings in Barclays were worth $203,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Diversified Trust Co acquired a new stake in Barclays during the second quarter valued at approximately $559,000. Bayesian Capital Management LP bought a new stake in Barclays in the first quarter valued at $947,000. QRG Capital Management Inc. lifted its holdings in shares of Barclays by 12.0% during the second quarter. QRG Capital Management Inc. now owns 537,725 shares of the financial services provider’s stock valued at $5,759,000 after acquiring an additional 57,607 shares during the period. Raymond James & Associates boosted its stake in shares of Barclays by 11.9% in the 3rd quarter. Raymond James & Associates now owns 4,007,379 shares of the financial services provider’s stock valued at $48,690,000 after purchasing an additional 426,815 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in shares of Barclays by 3.1% in the 1st 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 during the last quarter. Institutional investors own 3.39% of the company’s stock.

Barclays Trading Down 1.4 %

BCS opened at $13.08 on Wednesday. Barclays PLC has a 1-year low of $7.02 and a 1-year high of $13.57. The firm has a 50-day moving average price of $12.47 and a two-hundred day moving average price of $11.71. The stock has a market capitalization of $47.35 billion, a PE ratio of 8.89 and a beta of 1.41. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 5.67.

Barclays (NYSE:BCS) last posted 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 net margin of 17.83% and a return on equity of 6.30%. During the same quarter last year, the firm earned $0.42 EPS. As a group, equities analysts anticipate that Barclays PLC will post 1.71 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. The Goldman Sachs Group initiated coverage on shares of Barclays in a research report on Tuesday, October 8th. They issued a “buy” rating on the stock. Kepler Capital Markets started coverage on Barclays in a report on Thursday, September 5th. They issued a “buy” rating on the stock. Finally, StockNews.com upgraded Barclays from a “buy” rating to a “strong-buy” rating in a research report on Thursday, November 14th.

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.