Earnest Partners LLC Boosts Stake in Barclays PLC (NYSE:BCS)

Earnest Partners LLC boosted its position in Barclays PLC (NYSE:BCS) by 2.5% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 24,910 shares of the financial services provider’s stock after buying an additional 619 shares during the period. Earnest Partners LLC’s holdings in Barclays PLC were worth $280,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Profund Advisors LLC increased its position in Barclays PLC by 51.0% in the first quarter. Profund Advisors LLC now owns 116,894 shares of the financial services provider’s stock worth $1,314,000 after buying an additional 39,457 shares during the last quarter. M&T Bank Corp boosted its position in Barclays PLC by 35.0% in the first quarter. M&T Bank Corp now owns 21,270 shares of the financial services provider’s stock valued at $240,000 after buying an additional 5,513 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new position in Barclays PLC during the first quarter worth approximately $2,269,000. Envestnet Asset Management Inc. boosted its position in Barclays PLC by 22.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 207,022 shares of the financial services provider’s stock worth $2,281,000 after buying an additional 37,701 shares during the period. Finally, Two Sigma Investments LP purchased a new stake in Barclays PLC during the fourth quarter worth $151,000. Hedge funds and other institutional investors own 2.46% of the company’s stock.

Shares of Barclays PLC (BCS) traded up 1.175% on Wednesday, reaching $10.765. 616,640 shares of the company’s stock traded hands. The firm has a market capitalization of $45.55 billion, a P/E ratio of 23.200 and a beta of 0.93. The company’s 50-day moving average is $10.64 and its 200-day moving average is $11.06. Barclays PLC has a 52 week low of $7.30 and a 52 week high of $12.05.

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BCS has been the subject of a number of analyst reports. Macquarie downgraded Barclays PLC from a “neutral” rating to an “underperform” rating in a research note on Friday, April 21st. Morgan Stanley raised Barclays PLC from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $11.36 to $11.50 in a research report on Friday, March 17th. Zacks Investment Research cut Barclays PLC from a “hold” rating to a “sell” rating in a report on Tuesday, May 30th. Natixis lowered Barclays PLC from a “buy” rating to a “neutral” rating in a research report on Thursday, May 4th. Finally, J P Morgan Chase & Co reiterated a “neutral” rating on shares of Barclays PLC in a research report on Tuesday, March 14th. Eight analysts have rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $10.09.

About Barclays PLC

Institutional Ownership by Quarter for Barclays PLC (NYSE:BCS)

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