Contravisory Investment Management Inc. Acquires Shares of 14,625 Barclays PLC (NYSE:BCS)

Contravisory Investment Management Inc. bought a new position in shares of Barclays PLC (NYSE:BCS) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 14,625 shares of the financial services provider’s stock, valued at approximately $194,000.

Several other large investors have also recently added to or reduced their stakes in the company. Symphony Financial Ltd. Co. bought a new stake in shares of Barclays in the third quarter valued at approximately $42,000. Versant Capital Management Inc bought a new stake in Barclays during the fourth quarter worth about $44,000. Hexagon Capital Partners LLC increased 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 buying an additional 1,132 shares during the period. GAMMA Investing LLC raised its position in shares of Barclays by 42.6% in the 3rd quarter. GAMMA Investing LLC now owns 9,280 shares of the financial services provider’s stock valued at $113,000 after buying an additional 2,774 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Barclays during the 3rd quarter worth approximately $120,000. Institutional investors own 3.39% of the company’s stock.

Wall Street Analyst Weigh In

BCS has been the subject of several recent analyst reports. StockNews.com cut Barclays from a “strong-buy” rating to a “buy” rating in a research note on Thursday. The Goldman Sachs Group began coverage on shares of Barclays in a research note on Tuesday, October 8th. They set a “buy” rating on the stock.

Barclays Stock Performance

Shares of Barclays stock opened at $14.01 on Friday. The stock has a market cap of $50.53 billion, a price-to-earnings ratio of 9.53, a P/E/G ratio of 0.38 and a beta of 1.41. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 5.67. Barclays PLC has a twelve month low of $7.07 and a twelve month high of $14.07. The company’s fifty day moving average is $13.29 and its 200 day moving average is $12.41.

Barclays (NYSE:BCS) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.56 earnings per share for the quarter. The company had revenue of $8.52 billion during the quarter. Barclays had a return on equity of 6.30% and a net margin of 17.83%. During the same period in the previous year, the company posted $0.42 EPS. Sell-side analysts forecast that Barclays PLC will post 1.54 EPS for the current 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.