Bank of New York Mellon Corp Boosts Position in Barclays PLC (BCS)
Bank of New York Mellon Corp boosted its holdings in shares of Barclays PLC (NYSE:BCS) by 248.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,437,106 shares of the financial services provider’s stock after purchasing an additional 1,737,835 shares during the period. Bank of New York Mellon Corp owned about 0.06% of Barclays worth $21,813,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also bought and sold shares of the company. Park National Corp OH purchased a new position in Barclays in the third quarter valued at $100,000. Fox Run Management L.L.C. purchased a new position in Barclays in the third quarter valued at $178,000. Dearborn Partners LLC increased its holdings in Barclays by 36.3% in the third quarter. Dearborn Partners LLC now owns 27,461 shares of the financial services provider’s stock valued at $246,000 after buying an additional 7,312 shares in the last quarter. Moody National Bank Trust Division purchased a new position in Barclays in the third quarter valued at $310,000. Finally, Private Advisor Group LLC increased its holdings in Barclays by 55.6% in the third quarter. Private Advisor Group LLC now owns 43,576 shares of the financial services provider’s stock valued at $390,000 after buying an additional 15,578 shares in the last quarter. Institutional investors own 3.24% of the company’s stock.
A number of research analysts have weighed in on BCS shares. Berenberg Bank raised shares of Barclays from a “hold” rating to a “buy” rating in a report on Monday, October 1st. ValuEngine raised shares of Barclays from a “strong sell” rating to a “sell” rating in a research note on Tuesday, October 30th. Credit Suisse Group reissued a “neutral” rating on shares of Barclays in a research note on Friday, November 9th. Finally, Zacks Investment Research raised shares of Barclays from a “hold” rating to a “strong-buy” rating and set a $11.00 target price for the company in a research note on Monday, November 12th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $11.00.
Barclays (NYSE:BCS) last released its earnings results on Wednesday, October 24th. The financial services provider reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.11. The business had revenue of $6.68 billion during the quarter, compared to analysts’ expectations of $6.76 billion. Barclays had a net margin of 1.94% and a return on equity of 6.30%. As a group, equities analysts anticipate that Barclays PLC will post 1.13 EPS for the current fiscal year.
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Barclays PLC, through its subsidiaries, provides various financial products and services in the United Kingdom, other European countries, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International divisions. It offers personal and business banking services; credit and debit cards; international banking; and private banking services, which include investment, wealth planning, and credit and specialist solutions to high net worth and ultra-high net worth clients, and family offices.
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