Norges Bank Makes New $141.25 Million Investment in Barclays PLC $BCS

Norges Bank bought a new stake in shares of Barclays PLC (NYSE:BCS) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 5,550,000 shares of the financial services provider’s stock, valued at approximately $141,248,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. NewEdge Advisors LLC raised its position in shares of Barclays by 72.8% during the first quarter. NewEdge Advisors LLC now owns 47,051 shares of the financial services provider’s stock valued at $723,000 after buying an additional 19,818 shares during the last quarter. Sivia Capital Partners LLC boosted its position in shares of Barclays by 19.6% during the second quarter. Sivia Capital Partners LLC now owns 23,572 shares of the financial services provider’s stock worth $438,000 after acquiring an additional 3,868 shares during the last quarter. Rhumbline Advisers grew its stake in Barclays by 6.8% during the second quarter. Rhumbline Advisers now owns 45,179 shares of the financial services provider’s stock valued at $840,000 after acquiring an additional 2,885 shares in the last quarter. Flow Traders U.S. LLC purchased a new position in Barclays during the second quarter valued at $451,000. Finally, Cerity Partners LLC increased its holdings in Barclays by 3.2% in the 2nd quarter. Cerity Partners LLC now owns 243,698 shares of the financial services provider’s stock valued at $4,530,000 after acquiring an additional 7,604 shares during the last quarter. 3.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

BCS has been the subject of a number of research analyst reports. BNP Paribas Exane lowered Barclays from an “outperform” rating to a “neutral” rating in a research report on Tuesday, April 14th. Citigroup reiterated a “neutral” rating on shares of Barclays in a research report on Thursday, April 23rd. Erste Group Bank restated a “hold” rating on shares of Barclays in a report on Thursday, March 5th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Barclays in a research note on Wednesday, April 29th. Finally, Zacks Research downgraded Barclays from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 19th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Barclays Stock Performance

Barclays stock opened at $24.99 on Friday. The company’s 50-day moving average price is $23.17 and its 200-day moving average price is $23.91. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 5.94. The company has a market cap of $85.19 billion, a PE ratio of 10.41, a price-to-earnings-growth ratio of 0.46 and a beta of 1.01. Barclays PLC has a twelve month low of $17.22 and a twelve month high of $27.70.

Barclays (NYSE:BCS) last announced its quarterly earnings results on Monday, April 27th. The financial services provider reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.01. The firm had revenue of $5.07 billion during the quarter, compared to the consensus estimate of $10.88 billion. Barclays had a net margin of 21.10% and a return on equity of 8.12%. On average, equities research analysts forecast that Barclays PLC will post 2.75 EPS for the current fiscal year.

Barclays Profile

Barclays PLC (NYSE: BCS) is a British multinational bank and financial services company headquartered in London. The firm provides a broad range of banking and financial products to individual, corporate and institutional customers. Its core activities span retail and business banking, credit cards and payments, corporate and investment banking, and wealth and investment management.

In retail and business banking, Barclays offers deposit accounts, mortgages, personal and business loans, and card services.