GKV Capital Management Co. Inc. Acquires 36,750 Shares of Barclays PLC $BCS

GKV Capital Management Co. Inc. raised its holdings in shares of Barclays PLC (NYSE:BCS) by 41.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 126,250 shares of the financial services provider’s stock after acquiring an additional 36,750 shares during the period. Barclays comprises approximately 1.2% of GKV Capital Management Co. Inc.’s portfolio, making the stock its 23rd biggest holding. GKV Capital Management Co. Inc.’s holdings in Barclays were worth $3,213,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of BCS. Thurston Springer Miller Herd & Titak Inc. bought a new position in Barclays during the fourth quarter valued at approximately $39,000. Johnson Financial Group Inc. bought a new position in Barclays during the third quarter valued at approximately $44,000. Elyxium Wealth LLC bought a new position in Barclays during the fourth quarter valued at approximately $80,000. Rothschild Investment LLC grew its position in Barclays by 130.9% during the third quarter. Rothschild Investment LLC now owns 4,232 shares of the financial services provider’s stock valued at $87,000 after acquiring an additional 2,399 shares during the last quarter. Finally, Root Financial Partners LLC grew its position in Barclays by 13.6% during the fourth quarter. Root Financial Partners LLC now owns 4,315 shares of the financial services provider’s stock valued at $110,000 after acquiring an additional 517 shares during the last quarter. 3.39% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Citigroup reiterated a “neutral” rating on shares of Barclays in a research report on Thursday, April 23rd. Zacks Research cut shares of Barclays from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 19th. Erste Group Bank reiterated a “hold” rating on shares of Barclays in a research report on Thursday, March 5th. Weiss Ratings lowered Barclays from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, April 21st. Finally, BNP Paribas Exane lowered Barclays from an “outperform” rating to a “neutral” rating in a research note on Tuesday, April 14th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold”.

Barclays Stock Performance

NYSE:BCS opened at $24.73 on Thursday. The firm has a market cap of $84.31 billion, a PE ratio of 10.31, a price-to-earnings-growth ratio of 0.47 and a beta of 1.01. Barclays PLC has a fifty-two week low of $17.22 and a fifty-two week high of $27.70. The company has a debt-to-equity ratio of 5.94, a quick ratio of 1.44 and a current ratio of 1.44. The business has a 50 day moving average price of $23.08 and a 200-day moving average price of $23.89.

Barclays (NYSE:BCS) last released its quarterly earnings data on Monday, April 27th. The financial services provider reported $0.76 earnings per share 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 analyst estimates of $10.88 billion. Barclays had a return on equity of 8.12% and a net margin of 21.10%. Equities research analysts predict that Barclays PLC will post 2.75 earnings per share for the current year.

Barclays Company 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.