US Bancorp DE Has $2.31 Million Stock Holdings in Barclays PLC (NYSE:BCS)

US Bancorp DE increased its stake in shares of Barclays PLC (NYSE:BCS) by 29.9% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 190,432 shares of the financial services provider’s stock after buying an additional 43,786 shares during the period. US Bancorp DE’s holdings in Barclays were worth $2,314,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Diversify Wealth Management LLC grew its stake in shares of Barclays by 8.6% during the third quarter. Diversify Wealth Management LLC now owns 60,813 shares of the financial services provider’s stock valued at $758,000 after purchasing an additional 4,821 shares during the last quarter. Diversify Advisory Services LLC bought a new position in Barclays in the 3rd quarter valued at $217,000. Modera Wealth Management LLC acquired a new stake in shares of Barclays in the 3rd quarter valued at $156,000. Arkadios Wealth Advisors bought a new stake in shares of Barclays during the third quarter worth $269,000. Finally, Ballentine Partners LLC lifted its stake in shares of Barclays by 5.5% during the third quarter. Ballentine Partners LLC now owns 27,743 shares of the financial services provider’s stock valued at $337,000 after acquiring an additional 1,453 shares during the period. Institutional investors own 3.39% of the company’s stock.

Barclays Trading Up 4.8 %

NYSE:BCS opened at $13.48 on Thursday. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 5.67. Barclays PLC has a 1-year low of $6.58 and a 1-year high of $13.50. The firm has a market capitalization of $49.07 billion, a price-to-earnings ratio of 9.17 and a beta of 1.41. The business’s 50-day moving average price is $12.23 and its two-hundred day moving average price is $11.50.

Barclays (NYSE:BCS) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.56 earnings per share for the quarter. Barclays had a net margin of 17.83% and a return on equity of 6.30%. The business had revenue of $8.52 billion for the quarter. During the same period in the previous year, the business earned $0.42 EPS. On average, equities analysts expect that Barclays PLC will post 1.66 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on BCS shares. StockNews.com cut Barclays from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Kepler Capital Markets initiated coverage on shares of Barclays in a report on Thursday, September 5th. They issued a “buy” rating on the stock. Finally, The Goldman Sachs Group began coverage on shares of Barclays in a research note on Tuesday, October 8th. They issued a “buy” rating on the stock.

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.