Vilas Fund LP Increases Stock Position in Barclays PLC (NYSE:BCS)

Vilas Fund LP boosted its stake in shares of Barclays PLC (NYSE:BCS) by 42.9% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 200,000 shares of the financial services provider’s stock after buying an additional 60,000 shares during the quarter. Barclays makes up approximately 1.9% of Vilas Fund LP’s portfolio, making the stock its 15th largest holding. Vilas Fund LP’s holdings in Barclays were worth $1,522,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Squarepoint Ops LLC bought a new position in Barclays during the fourth quarter valued at about $84,000. Greenleaf Trust grew its position in Barclays by 77.0% during the first quarter. Greenleaf Trust now owns 22,539 shares of the financial services provider’s stock valued at $180,000 after buying an additional 9,806 shares during the period. Oppenheimer Asset Management Inc. grew its position in Barclays by 19.8% during the first quarter. Oppenheimer Asset Management Inc. now owns 440,321 shares of the financial services provider’s stock valued at $3,522,000 after buying an additional 72,814 shares during the period. Dimensional Fund Advisors LP grew its position in Barclays by 7.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 14,443,537 shares of the financial services provider’s stock valued at $108,904,000 after buying an additional 980,953 shares during the period. Finally, Stamos Capital Partners L.P. bought a new position in Barclays during the first quarter valued at about $257,000. Institutional investors own 2.51% of the company’s stock.

NYSE:BCS traded up $0.08 on Monday, reaching $6.82. 106,201 shares of the company’s stock were exchanged, compared to its average volume of 2,803,086. The company has a debt-to-equity ratio of 4.93, a current ratio of 1.54 and a quick ratio of 1.54. The firm has a market cap of $29.06 billion, a price-to-earnings ratio of 5.86, a P/E/G ratio of 1.92 and a beta of 0.93. Barclays PLC has a 52 week low of $6.58 and a 52 week high of $9.77. The stock has a fifty day simple moving average of $7.54 and a 200-day simple moving average of $8.02.

Barclays (NYSE:BCS) last issued its earnings results on Thursday, August 1st. The financial services provider reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. The firm had revenue of $7.12 billion during the quarter, compared to analyst estimates of $6.92 billion. Barclays had a net margin of 14.72% and a return on equity of 5.03%. As a group, sell-side analysts predict that Barclays PLC will post 1.12 EPS for the current year.

Separately, Zacks Investment Research lowered shares of Barclays from a “hold” rating to a “sell” rating and set a $8.00 price target for the company. in a research report on Friday, August 9th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $8.00.

About Barclays

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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Institutional Ownership by Quarter for Barclays (NYSE:BCS)

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