MML Investors Services LLC Raises Stock Holdings in Barclays PLC (NYSE:BCS)

MML Investors Services LLC increased its position in Barclays PLC (NYSE:BCS) by 9.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 135,923 shares of the financial services provider’s stock after acquiring an additional 12,205 shares during the period. MML Investors Services LLC’s holdings in Barclays were worth $1,651,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Acadian Asset Management LLC raised its stake in Barclays by 1,362.1% in the 2nd quarter. Acadian Asset Management LLC now owns 19,682,115 shares of the financial services provider’s stock worth $210,762,000 after acquiring an additional 18,335,937 shares during the last quarter. FMR LLC raised its stake in Barclays by 11.6% in the 3rd quarter. FMR LLC now owns 6,432,007 shares of the financial services provider’s stock worth $78,149,000 after acquiring an additional 667,498 shares during the last quarter. Raymond James & Associates raised its stake in Barclays by 11.9% in the 3rd quarter. Raymond James & Associates now owns 4,007,379 shares of the financial services provider’s stock worth $48,690,000 after acquiring an additional 426,815 shares during the last quarter. Renaissance Technologies LLC raised its stake in Barclays by 190.9% in the 2nd quarter. Renaissance Technologies LLC now owns 3,661,086 shares of the financial services provider’s stock worth $39,210,000 after acquiring an additional 2,402,500 shares during the last quarter. Finally, Natixis Advisors LLC raised its stake in Barclays by 286.1% in the 3rd quarter. Natixis Advisors LLC now owns 3,565,033 shares of the financial services provider’s stock worth $43,315,000 after acquiring an additional 2,641,608 shares during the last quarter. Hedge funds and other institutional investors own 3.39% of the company’s stock.

Barclays Stock Performance

NYSE BCS opened at $13.33 on Wednesday. The stock has a 50-day simple moving average of $13.04 and a two-hundred day simple moving average of $12.05. The firm has a market capitalization of $48.10 billion, a P/E ratio of 9.07 and a beta of 1.41. Barclays PLC has a fifty-two week low of $7.07 and a fifty-two week high of $13.83. The company has a debt-to-equity ratio of 5.67, a quick ratio of 1.35 and a current ratio of 1.35.

Barclays (NYSE:BCS) last posted its earnings results on Thursday, October 24th. The financial services provider reported $0.56 EPS for the quarter. Barclays had a return on equity of 6.30% and a net margin of 17.83%. The firm had revenue of $8.52 billion for the quarter. During the same quarter last year, the business earned $0.42 earnings per share. On average, equities analysts forecast that Barclays PLC will post 1.85 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on BCS shares. StockNews.com lowered Barclays from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, December 11th. The Goldman Sachs Group started coverage on Barclays in a research note on Tuesday, October 8th. They set a “buy” rating for the company. Finally, Kepler Capital Markets started coverage on Barclays in a research note on Thursday, September 5th. They set a “buy” rating for the company.

Barclays Company 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.