Massachusetts Financial Services Co. MA Purchases Shares of 300,185 Barclays PLC (NYSE:BCS)

Massachusetts Financial Services Co. MA acquired a new stake in Barclays PLC (NYSE:BCS - Free Report) in the third quarter, according to its most recent filing with the SEC. The fund acquired 300,185 shares of the financial services provider's stock, valued at approximately $3,647,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of BCS. Sage Mountain Advisors LLC boosted its position in shares of Barclays by 7.7% in the second quarter. Sage Mountain Advisors LLC now owns 11,767 shares of the financial services provider's stock valued at $126,000 after acquiring an additional 838 shares during the period. Apollon Wealth Management LLC lifted its stake in Barclays by 10.0% in the 3rd quarter. Apollon Wealth Management LLC now owns 11,826 shares of the financial services provider's stock worth $144,000 after purchasing an additional 1,075 shares in the last quarter. Hexagon Capital Partners LLC boosted its holdings in Barclays by 32.4% in the 3rd quarter. Hexagon Capital Partners LLC now owns 4,624 shares of the financial services provider's stock valued at $56,000 after purchasing an additional 1,132 shares during the period. OVERSEA CHINESE BANKING Corp Ltd grew its position in shares of Barclays by 6.9% during the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 17,565 shares of the financial services provider's stock valued at $213,000 after purchasing an additional 1,137 shares in the last quarter. Finally, AMG National Trust Bank increased its holdings in shares of Barclays by 0.4% in the second quarter. AMG National Trust Bank now owns 333,744 shares of the financial services provider's stock worth $3,574,000 after purchasing an additional 1,343 shares during the period. Institutional investors own 3.39% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on BCS shares. The Goldman Sachs Group started coverage on Barclays in a research report on Tuesday, October 8th. They set a "buy" rating for the company. Kepler Capital Markets began coverage on Barclays in a report on Thursday, September 5th. They set a "buy" rating for the company. Finally, StockNews.com downgraded shares of Barclays from a "strong-buy" rating to a "buy" rating in a research note on Friday, November 22nd.

Barclays Price Performance

BCS traded up $0.09 during trading on Wednesday, reaching $13.23. The stock had a trading volume of 8,522,458 shares, compared to its average volume of 14,267,591. The company has a debt-to-equity ratio of 5.67, a quick ratio of 1.35 and a current ratio of 1.35. The business has a 50-day moving average of $12.65 and a 200-day moving average of $11.81. Barclays PLC has a one year low of $7.02 and a one year high of $13.57. The stock has a market cap of $47.91 billion, a PE ratio of 9.00 and a beta of 1.41.

Barclays (NYSE:BCS - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $8.52 billion for the quarter. During the same period in the prior year, the business posted $0.42 earnings per share. As a group, equities research analysts anticipate that Barclays PLC will post 1.71 EPS for the current fiscal year.

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.