Barclays PLC (BCS) Lifted to Market Perform at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods upgraded shares of Barclays PLC (NYSE:BCS) from an underperform rating to a market perform rating in a research note released on Tuesday, Marketbeat reports.

A number of other analysts also recently issued reports on BCS. Morgan Stanley reaffirmed a buy rating on shares of Barclays PLC in a report on Tuesday, July 18th. Goldman Sachs Group, Inc. (The) reaffirmed a sell rating on shares of Barclays PLC in a report on Friday, August 11th. Deutsche Bank AG reaffirmed a buy rating on shares of Barclays PLC in a report on Monday, August 14th. BidaskClub downgraded Barclays PLC from a hold rating to a sell rating in a report on Monday, August 14th. Finally, ValuEngine downgraded Barclays PLC from a buy rating to a hold rating in a report on Friday, September 1st. Six analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $10.24.

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A number of institutional investors and hedge funds have recently bought and sold shares of BCS. Fisher Asset Management LLC raised its stake in Barclays PLC by 13.6% during the 2nd quarter. Fisher Asset Management LLC now owns 19,187,695 shares of the financial services provider’s stock valued at $203,198,000 after acquiring an additional 2,300,492 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Barclays PLC by 10.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 13,209,959 shares of the financial services provider’s stock valued at $139,893,000 after acquiring an additional 1,279,988 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Barclays PLC by 14.0% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 5,904,900 shares of the financial services provider’s stock valued at $62,533,000 after acquiring an additional 724,794 shares during the last quarter. Parametric Portfolio Associates LLC raised its stake in Barclays PLC by 21.0% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 3,322,237 shares of the financial services provider’s stock valued at $35,182,000 after acquiring an additional 577,284 shares during the last quarter. Finally, Northern Trust Corp raised its stake in Barclays PLC by 9.3% during the 2nd quarter. Northern Trust Corp now owns 6,136,590 shares of the financial services provider’s stock valued at $64,986,000 after acquiring an additional 521,524 shares during the last quarter. 2.50% of the stock is owned by hedge funds and other institutional investors.

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