Charles Schwab Investment Management Inc. Purchases 44,760 Shares of Barclays PLC (NYSE:BCS)

Charles Schwab Investment Management Inc. grew its position in Barclays PLC (NYSE:BCS - Free Report) by 20.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 268,284 shares of the financial services provider's stock after purchasing an additional 44,760 shares during the period. Charles Schwab Investment Management Inc.'s holdings in Barclays were worth $3,260,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Acadian Asset Management LLC increased its position 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 purchasing an additional 18,335,937 shares during the last quarter. Raymond James & Associates increased its holdings in shares of Barclays by 11.9% during the 3rd quarter. Raymond James & Associates now owns 4,007,379 shares of the financial services provider's stock valued at $48,690,000 after acquiring an additional 426,815 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Barclays by 190.9% during the 2nd quarter. Renaissance Technologies LLC now owns 3,661,086 shares of the financial services provider's stock valued at $39,210,000 after acquiring an additional 2,402,500 shares during the last quarter. Natixis Advisors LLC increased its holdings in shares of Barclays by 286.1% during the 3rd quarter. Natixis Advisors LLC now owns 3,565,033 shares of the financial services provider's stock valued at $43,315,000 after acquiring an additional 2,641,608 shares during the last quarter. Finally, Sei Investments Co. increased its holdings in shares of Barclays by 118.7% during the 2nd quarter. Sei Investments Co. now owns 2,709,312 shares of the financial services provider's stock valued at $29,017,000 after acquiring an additional 1,470,523 shares during the last quarter. 3.39% of the stock is owned by institutional investors and hedge funds.

Barclays Stock Performance

NYSE:BCS traded down $0.01 during mid-day trading on Friday, hitting $13.55. 12,472,848 shares of the company's stock traded hands, compared to its average volume of 14,114,050. The firm has a 50 day moving average of $12.99 and a two-hundred day moving average of $12.02. Barclays PLC has a 12 month low of $7.07 and a 12 month high of $13.83. The firm has a market capitalization of $48.89 billion, a price-to-earnings ratio of 9.22 and a beta of 1.41. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 5.67.

Barclays (NYSE:BCS - Get Free Report) last announced its earnings results on Thursday, October 24th. The financial services provider reported $0.56 earnings per share 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 during the quarter. During the same quarter in the previous year, the company earned $0.42 EPS. On average, equities analysts forecast that Barclays PLC will post 1.85 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on BCS shares. StockNews.com lowered Barclays from a "strong-buy" rating to a "buy" rating in a report on Wednesday. The Goldman Sachs Group started coverage on Barclays in a report on Tuesday, October 8th. They set a "buy" rating on the stock. Finally, Kepler Capital Markets started coverage on Barclays in a report on Thursday, September 5th. They set a "buy" rating on the stock.

About Barclays

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.