SG Americas Securities LLC acquired a new stake in Barclays PLC (NYSE:BCS) during the first quarter, Holdings Channel reports. The institutional investor acquired 76,313 shares of the financial services provider’s stock, valued at approximately $858,000.
A number of other hedge funds have also recently made changes to their positions in the company. Fisher Asset Management LLC increased its stake in shares of Barclays PLC by 8.2% in the first quarter. Fisher Asset Management LLC now owns 16,887,203 shares of the financial services provider’s stock valued at $189,812,000 after buying an additional 1,277,657 shares during the last quarter. Tocqueville Asset Management L.P. purchased a new stake in shares of Barclays PLC during the first quarter valued at about $10,358,000. Karp Capital Management Corp purchased a new stake in shares of Barclays PLC during the first quarter valued at about $10,209,000. Duff & Phelps Investment Management Co. purchased a new stake in shares of Barclays PLC during the first quarter valued at about $6,232,000. Finally, Renaissance Technologies LLC increased its stake in shares of Barclays PLC by 44.7% in the fourth quarter. Renaissance Technologies LLC now owns 1,728,503 shares of the financial services provider’s stock valued at $19,014,000 after buying an additional 534,100 shares during the last quarter. 2.48% of the stock is owned by institutional investors and hedge funds.
Barclays PLC (BCS) opened at 10.40 on Friday. Barclays PLC has a one year low of $6.76 and a one year high of $12.05. The company’s 50-day moving average is $10.77 and its 200 day moving average is $11.12. The stock has a market capitalization of $44.00 billion, a price-to-earnings ratio of 22.81 and a beta of 0.86.
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BCS has been the subject of several analyst reports. Morgan Stanley raised shares of Barclays PLC from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $11.36 to $11.50 in a research note on Friday, March 17th. Goldman Sachs Group, Inc. (The) downgraded shares of Barclays PLC from a “neutral” rating to a “sell” rating in a research note on Friday, May 5th. Natixis downgraded shares of Barclays PLC from a “buy” rating to a “neutral” rating in a research note on Thursday, May 4th. J P Morgan Chase & Co reissued a “neutral” rating on shares of Barclays PLC in a research note on Tuesday, March 14th. Finally, Zacks Investment Research raised shares of Barclays PLC from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Friday, April 21st. Nine investment analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $31.07.
About Barclays PLC
Want to see what other hedge funds are holding BCS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Barclays PLC (NYSE:BCS).
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