Dynamic Technology Lab Private Ltd Takes Position in Barclays PLC (BCS)

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Dynamic Technology Lab Private Ltd acquired a new stake in Barclays PLC (NYSE:BCS) in the third quarter, Holdings Channel reports. The firm acquired 58,833 shares of the financial services provider’s stock, valued at approximately $526,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Brandes Investment Partners LP lifted its stake in Barclays by 5.0% in the third quarter. Brandes Investment Partners LP now owns 3,558,902 shares of the financial services provider’s stock valued at $31,852,000 after buying an additional 168,616 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Barclays by 248.5% in the third quarter. Bank of New York Mellon Corp now owns 2,437,106 shares of the financial services provider’s stock valued at $21,813,000 after buying an additional 1,737,835 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Barclays in the third quarter valued at approximately $6,009,000. Glenmede Trust Co. NA purchased a new stake in Barclays in the second quarter valued at approximately $6,216,000. Finally, Oppenheimer Asset Management Inc. lifted its stake in Barclays by 3.4% in the third quarter. Oppenheimer Asset Management Inc. now owns 419,346 shares of the financial services provider’s stock valued at $3,753,000 after buying an additional 13,818 shares during the last quarter. Institutional investors own 3.24% of the company’s stock.

A number of equities research analysts have weighed in on the company. Zacks Investment Research upgraded Barclays from a “hold” rating to a “strong-buy” rating and set a $11.00 price objective for the company in a research note on Monday, November 12th. Credit Suisse Group reiterated a “neutral” rating on shares of Barclays in a research note on Friday, November 9th. ValuEngine upgraded Barclays from a “strong sell” rating to a “sell” rating in a research note on Tuesday, October 30th. Berenberg Bank upgraded Barclays from a “hold” rating to a “buy” rating in a research note on Monday, October 1st. Finally, JPMorgan Chase & Co. reiterated a “buy” rating on shares of Barclays in a research note on Tuesday, September 4th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $11.00.

NYSE:BCS opened at $7.85 on Monday. The company has a market capitalization of $33.58 billion, a PE ratio of 6.13, a P/E/G ratio of 0.36 and a beta of 0.67. The company has a current ratio of 1.52, a quick ratio of 1.50 and a debt-to-equity ratio of 4.99. Barclays PLC has a 12-month low of $7.42 and a 12-month high of $12.55.

Barclays (NYSE:BCS) last released its earnings results on Wednesday, October 24th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.11. The business had revenue of $6.68 billion for the quarter, compared to analyst estimates of $6.76 billion. Barclays had a return on equity of 6.30% and a net margin of 1.94%. Equities analysts predict that Barclays PLC will post 1.09 earnings per share for the current year.

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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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