Massachusetts Financial Services Co. MA Makes a New Investment in Barclays PLC

Massachusetts Financial Services Co. MA has recently established a new investment in Barclays PLC (NYSE:BCS) during the third quarter, as reported in its latest Form 13F filing with the Securities and Exchange Commission. The financial services firm acquired 300,185 shares of Barclays, which amounts to an investment valued at approximately $3,647,000.

Other Hedge Fund Activities

In addition to Massachusetts Financial Services, other hedge funds have also shown interest in Barclays. Rothschild Investment LLC initiated a new position in Barclays during the second quarter, investing $30,000. Symphony Financial Ltd. Co. followed with a new investment worth $42,000 in the third quarter. EverSource Wealth Advisors LLC grew its stake in Barclays by 71.8% in the first quarter, acquiring an additional 1,524 shares and now holding a total of 3,647 shares valued at $37,000. Hexagon Capital Partners LLC increased its holdings in Barclays by 32.4% in the third quarter, now owning 4,624 shares worth $56,000 after acquiring an extra 1,132 shares. Blue Trust Inc. significantly raised its stake in Barclays by 452.5% in the second quarter, now possessing 6,304 shares valued at $68,000 after adding 5,163 shares during that period. Currently, about 3.39% of Barclays stock is held by institutional investors.

Current Stock Performance

As for the stock's performance, Barclays (BCS) opened at $13.14 on Wednesday. The stock has experienced a one-year low of $7.02 and a high of $13.57. Its fifty-day moving average is $12.62, while the 200-day moving average stands at $11.80. The company has a significant debt-to-equity ratio of 5.67, a current ratio of 1.35, and a quick ratio of 1.35. Barclays holds a market capitalization of $47.58 billion and boasts a price-to-earnings (P/E) ratio of 8.94, with a beta of 1.41.

Recent Earnings Results

Barclays reported its latest quarterly earnings results on October 24th, revealing earnings per share of $0.56 for the quarter. The company achieved a return on equity of 6.30% and a net margin of 17.83%. During the same period, Barclays generated revenues amounting to $8.52 billion. Comparatively, the firm earned $0.42 EPS during the same quarter last year. Analysts are projecting that Barclays will report earnings per share of 1.71 for the current fiscal year.

Analysts' Ratings

Barclays has recently attracted attention from various analysts. Kepler Capital Markets initiated coverage with a "buy" rating on September 5th, while Goldman Sachs Group also started coverage on October 8th with a "buy" rating. However, StockNews.com adjusted its rating from "strong-buy" to "buy" on November 22nd, reflecting some changes in sentiment around the stock.

About Barclays PLC

Barclays PLC offers a wide range of financial services across the globe, including the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia. The company operates through two main divisions: Barclays UK and Barclays International. Its services encompass retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management.

Massachusetts, Barclays, Investment, Stocks