Barclays PLC (NYSE:BCS) Holdings Raised by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA lifted its position in shares of Barclays PLC (NYSE:BCS - Free Report) by 121.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 862,975 shares of the financial services provider's stock after purchasing an additional 474,142 shares during the quarter. Massachusetts Financial Services Co. MA's holdings in Barclays were worth $13,255,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of BCS. Bank of America Corp DE grew its stake in shares of Barclays by 485.0% in the 4th quarter. Bank of America Corp DE now owns 6,680,869 shares of the financial services provider's stock valued at $88,789,000 after buying an additional 5,538,912 shares during the period. Northern Trust Corp boosted its position in Barclays by 20.5% in 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 buying an additional 1,029,401 shares during the period. Causeway Capital Management LLC increased its stake in Barclays by 8.9% during the 4th quarter. Causeway Capital Management LLC now owns 5,930,467 shares of the financial services provider's stock valued at $78,816,000 after purchasing an additional 484,497 shares in the last quarter. American Century Companies Inc. boosted its holdings in Barclays by 9.8% in the 4th quarter. American Century Companies Inc. now owns 5,635,864 shares of the financial services provider's stock worth $74,901,000 after buying an additional 505,351 shares during the last quarter. Finally, Deutsche Bank AG purchased a new stake in shares of Barclays in the 4th quarter valued at approximately $50,189,000. Institutional investors own 3.39% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on BCS shares. Royal Bank Of Canada reissued an "outperform" rating on shares of Barclays in a report on Wednesday. Citigroup downgraded Barclays from a "buy" rating to a "neutral" rating in a research report on Friday. Finally, Wall Street Zen cut Barclays from a "buy" rating to a "hold" rating in a report on Sunday, July 13th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy".

Barclays Stock Up 0.7%

BCS traded up $0.14 during trading on Monday, reaching $19.02. 16,581,875 shares of the stock were exchanged, compared to its average volume of 15,359,041. The stock has a market cap of $67.31 billion, a P/E ratio of 9.65, a price-to-earnings-growth ratio of 0.46 and a beta of 1.10. The company has a debt-to-equity ratio of 5.75, a quick ratio of 1.39 and a current ratio of 1.39. Barclays PLC has a twelve month low of $10.23 and a twelve month high of $19.23. The stock's 50 day moving average price is $17.95 and its two-hundred day moving average price is $16.00.

Barclays (NYSE:BCS - Get Free Report) last announced its earnings results on Wednesday, April 30th. The financial services provider reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.04. Barclays had a return on equity of 8.04% and a net margin of 21.27%. The firm had revenue of $10.32 billion for the quarter, compared to the consensus estimate of $8.37 billion. Equities analysts expect that Barclays PLC will post 2 EPS for the current year.

Barclays Company 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.