M&T Bank Corp Purchases 5,513 Shares of Barclays PLC (BCS)

M&T Bank Corp raised its position in Barclays PLC (NYSE:BCS) by 35.0% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 21,270 shares of the financial services provider’s stock after buying an additional 5,513 shares during the period. M&T Bank Corp’s holdings in Barclays PLC were worth $240,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Brandes Investment Partners LP boosted its position in Barclays PLC by 0.5% in the first quarter. Brandes Investment Partners LP now owns 5,559,628 shares of the financial services provider’s stock worth $62,490,000 after buying an additional 26,026 shares during the last quarter. Private Advisor Group LLC acquired a new position in Barclays PLC during the first quarter worth $276,000. Envestnet Asset Management Inc. boosted its position in Barclays PLC by 5.6% in the first quarter. Envestnet Asset Management Inc. now owns 218,576 shares of the financial services provider’s stock worth $2,456,000 after buying an additional 11,554 shares during the last quarter. CIBC World Markets Inc. boosted its position in Barclays PLC by 6.0% in the first quarter. CIBC World Markets Inc. now owns 1,001,507 shares of the financial services provider’s stock worth $11,257,000 after buying an additional 56,457 shares during the last quarter. Finally, Zweig DiMenna Associates LLC acquired a new position in Barclays PLC during the first quarter worth $1,388,000. 2.46% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Barclays PLC (NYSE:BCS)

Shares of Barclays PLC (BCS) opened at 10.53 on Tuesday. The stock has a 50 day moving average price of $10.77 and a 200-day moving average price of $11.12. The stock has a market capitalization of $44.55 billion, a price-to-earnings ratio of 23.09 and a beta of 0.86. Barclays PLC has a 52-week low of $6.76 and a 52-week high of $12.05.

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Several equities research analysts have commented on BCS shares. J P Morgan Chase & Co reiterated a “neutral” rating on shares of Barclays PLC in a research note on Tuesday, March 14th. Morgan Stanley upgraded Barclays PLC from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $11.36 to $11.50 in a research note on Friday, March 17th. Zacks Investment Research upgraded Barclays PLC from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 29th. Macquarie lowered Barclays PLC from a “neutral” rating to an “underperform” rating in a research note on Friday, April 21st. Finally, Keefe, Bruyette & Woods lowered Barclays PLC from a “market perform” rating to an “underperform” rating in a research note on Friday, April 21st. Nine equities research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company’s stock. Barclays PLC has a consensus rating of “Hold” and a consensus target price of $31.07.

Barclays PLC Company Profile

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