Bank of America Corp DE Has $88.79 Million Holdings in Barclays PLC (NYSE:BCS)

Bank of America Corp DE raised its holdings in shares of Barclays PLC (NYSE:BCS - Free Report) by 485.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,680,869 shares of the financial services provider's stock after acquiring an additional 5,538,912 shares during the period. Bank of America Corp DE owned approximately 0.19% of Barclays worth $88,789,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Mercer Global Advisors Inc. ADV bought a new stake in Barclays during the 4th quarter valued at $3,915,000. Rehmann Capital Advisory Group raised its stake in Barclays by 41.1% during the 4th quarter. Rehmann Capital Advisory Group now owns 37,031 shares of the financial services provider's stock valued at $492,000 after acquiring an additional 10,788 shares in the last quarter. Schonfeld Strategic Advisors LLC bought a new stake in Barclays during the 4th quarter valued at $4,044,000. AQR Capital Management LLC raised its stake in Barclays by 62.3% during the 4th quarter. AQR Capital Management LLC now owns 381,369 shares of the financial services provider's stock valued at $5,068,000 after acquiring an additional 146,406 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of Barclays by 20.5% during the 4th quarter. Northern Trust Corp now owns 6,059,544 shares of the financial services provider's stock valued at $80,531,000 after purchasing an additional 1,029,401 shares during the period. Institutional investors own 3.39% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BCS. BNP Paribas upgraded Barclays from a "neutral" rating to an "outperform" rating in a research report on Tuesday, March 4th. StockNews.com cut Barclays from a "buy" rating to a "hold" rating in a research report on Thursday, February 27th.

Barclays Trading Up 0.6%

BCS traded up $0.10 during trading on Thursday, reaching $17.33. The company had a trading volume of 14,796,078 shares, compared to its average volume of 14,553,419. The firm's 50-day simple moving average is $15.31 and its 200 day simple moving average is $14.41. The company has a market cap of $62.08 billion, a price-to-earnings ratio of 9.42, a PEG ratio of 0.39 and a beta of 1.10. Barclays PLC has a 12-month low of $10.17 and a 12-month high of $17.47. The company has a debt-to-equity ratio of 5.33, a quick ratio of 1.29 and a current ratio of 1.29.

Barclays (NYSE:BCS - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.65 earnings per share for the quarter, topping analysts' consensus estimates of $0.61 by $0.04. The firm had revenue of $10.32 billion for the quarter, compared to analysts' expectations of $8.37 billion. Barclays had a return on equity of 7.74% and a net margin of 20.81%. Equities research analysts anticipate that Barclays PLC will post 2 earnings per share 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.