Pekin Hardy Strauss Inc. Has $436,000 Stake in Barclays PLC $BCS

Pekin Hardy Strauss Inc. grew its stake in Barclays PLC (NYSE:BCS) by 113.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,450 shares of the financial services provider’s stock after buying an additional 12,450 shares during the period. Pekin Hardy Strauss Inc.’s holdings in Barclays were worth $436,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in BCS. Savant Capital LLC lifted its holdings in Barclays by 8.1% in the 2nd quarter. Savant Capital LLC now owns 25,162 shares of the financial services provider’s stock worth $468,000 after purchasing an additional 1,882 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Barclays by 68.6% in the second quarter. Bank of New York Mellon Corp now owns 644,480 shares of the financial services provider’s stock valued at $11,981,000 after purchasing an additional 262,279 shares during the period. Bank of Montreal Can lifted its stake in shares of Barclays by 289.6% in the second quarter. Bank of Montreal Can now owns 1,991,960 shares of the financial services provider’s stock worth $37,031,000 after buying an additional 1,480,716 shares during the last quarter. Syverson Strege & Co bought a new stake in shares of Barclays during the 2nd quarter worth $242,000. Finally, Haven Private LLC acquired a new position in Barclays in the 2nd quarter valued at $334,000. Institutional investors and hedge funds own 3.39% of the company’s stock.

Barclays Stock Up 0.6%

NYSE BCS opened at $21.72 on Friday. Barclays PLC has a twelve month low of $12.14 and a twelve month high of $21.75. The stock has a market cap of $75.95 billion, a PE ratio of 10.01, a PEG ratio of 0.42 and a beta of 1.14. The firm has a 50-day simple moving average of $20.57 and a 200 day simple moving average of $19.07. The company has a debt-to-equity ratio of 5.94, a quick ratio of 1.41 and a current ratio of 1.41.

Barclays (NYSE:BCS) last posted its quarterly earnings results on Wednesday, October 22nd. The financial services provider reported $0.56 EPS for the quarter, beating the consensus estimate of $0.54 by $0.02. Barclays had a return on equity of 8.19% and a net margin of 21.26%.The firm had revenue of $9.59 billion during the quarter, compared to analysts’ expectations of $6.95 billion. On average, research analysts forecast that Barclays PLC will post 2 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Citigroup reissued a “neutral” rating on shares of Barclays in a research report on Thursday, October 23rd. Morgan Stanley reiterated an “overweight” rating on shares of Barclays in a research note on Monday, October 6th. Wall Street Zen downgraded Barclays from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Barclays in a research report on Wednesday, October 8th. Finally, Zacks Research lowered Barclays from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 28th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

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.