Osaic Holdings Inc. Acquires 122,557 Shares of Barclays PLC $BCS

Osaic Holdings Inc. boosted its holdings in Barclays PLC (NYSE:BCS) by 187.0% in the second quarter, Holdings Channel reports. The institutional investor owned 188,078 shares of the financial services provider’s stock after acquiring an additional 122,557 shares during the quarter. Osaic Holdings Inc.’s holdings in Barclays were worth $3,496,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. grew its position in shares of Barclays by 14.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 352,328 shares of the financial services provider’s stock valued at $5,412,000 after purchasing an additional 43,607 shares in the last quarter. Quantbot Technologies LP bought a new position in Barclays in the 1st quarter worth about $50,000. Northwestern Mutual Wealth Management Co. grew its holdings in Barclays by 20.3% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 22,069 shares of the financial services provider’s stock valued at $339,000 after buying an additional 3,726 shares in the last quarter. Jump Financial LLC bought a new stake in shares of Barclays during the first quarter valued at about $340,000. Finally, FORA Capital LLC purchased a new stake in shares of Barclays in the first quarter worth about $697,000. Hedge funds and other institutional investors own 3.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BCS. Wall Street Zen lowered shares of Barclays from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Citigroup reaffirmed a “neutral” rating on shares of Barclays in a report on Monday, December 1st. Morgan Stanley reissued an “overweight” rating on shares of Barclays in a research note on Monday, November 24th. Zacks Research cut Barclays from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 28th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Barclays in a report on Tuesday. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Barclays currently has a consensus rating of “Moderate Buy”.

Barclays Stock Up 0.6%

BCS opened at $25.63 on Friday. The business’s fifty day simple moving average is $22.38 and its 200 day simple moving average is $20.52. Barclays PLC has a 52 week low of $12.14 and a 52 week high of $25.67. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 5.94. The stock has a market cap of $89.10 billion, a PE ratio of 11.81, a P/E/G ratio of 0.48 and a beta of 1.00.

Barclays (NYSE:BCS) last posted its quarterly earnings data on Tuesday, September 30th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter. The firm had revenue of $9.21 billion during the quarter. Barclays had a return on equity of 8.19% and a net margin of 21.26%. As a group, research analysts expect that Barclays PLC will post 2 earnings per share for the current fiscal year.

Barclays Company Profile

Barclays PLC (NYSE: BCS) is a British multinational bank and financial services company headquartered in London. The firm provides a broad range of banking and financial products to individual, corporate and institutional customers. Its core activities span retail and business banking, credit cards and payments, corporate and investment banking, and wealth and investment management.

In retail and business banking, Barclays offers deposit accounts, mortgages, personal and business loans, and card services.