Barclays PLC (NYSE:BCS) Shares Acquired by DAVENPORT & Co LLC

DAVENPORT & Co LLC boosted its holdings in Barclays PLC (NYSE:BCS) by 8.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 34,596 shares of the financial services provider’s stock after acquiring an additional 2,563 shares during the quarter. DAVENPORT & Co LLC’s holdings in Barclays were worth $460,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Stonehage Fleming Financial Services Holdings Ltd acquired a new position in shares of Barclays in the 4th quarter valued at about $599,000. Massachusetts Financial Services Co. MA acquired a new position in shares of Barclays in the third quarter valued at $3,647,000. Dorsey Wright & Associates acquired a new position in shares of Barclays in the third quarter valued at $3,276,000. Mount Yale Investment Advisors LLC acquired a new position in shares of Barclays in the fourth quarter valued at $1,004,000. Finally, SG Americas Securities LLC acquired a new position in Barclays during the fourth quarter worth $1,208,000. 3.39% of the stock is currently owned by institutional investors.

Barclays Price Performance

Barclays stock opened at $15.09 on Friday. The stock has a market cap of $54.43 billion, a price-to-earnings ratio of 10.26, a P/E/G ratio of 0.44 and a beta of 1.40. Barclays PLC has a 12-month low of $7.07 and a 12-month high of $15.32. The business’s 50-day simple moving average is $13.74 and its 200 day simple moving average is $12.75. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 5.67.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Barclays from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 16th.

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.