Evolve Private Wealth LLC Acquires New Position in Barclays PLC $BCS

Evolve Private Wealth LLC acquired a new stake in Barclays PLC (NYSE:BCS) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 138,559 shares of the financial services provider’s stock, valued at approximately $3,526,000.

Other hedge funds have also recently modified their holdings of the company. American Century Companies Inc. grew its holdings in shares of Barclays by 39.2% in the third quarter. American Century Companies Inc. now owns 4,841,068 shares of the financial services provider’s stock valued at $100,065,000 after purchasing an additional 1,362,247 shares during the period. Teachers Retirement System of The State of Kentucky grew its holdings in shares of Barclays by 6.1% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 2,239,040 shares of the financial services provider’s stock valued at $46,281,000 after purchasing an additional 129,700 shares during the period. Natixis Advisors LLC grew its holdings in shares of Barclays by 5.9% in the third quarter. Natixis Advisors LLC now owns 9,886,650 shares of the financial services provider’s stock valued at $204,357,000 after purchasing an additional 549,497 shares during the period. Redhawk Wealth Advisors Inc. grew its holdings in shares of Barclays by 70.5% in the fourth quarter. Redhawk Wealth Advisors Inc. now owns 124,961 shares of the financial services provider’s stock valued at $3,180,000 after purchasing an additional 51,679 shares during the period. Finally, Main Street Research LLC purchased a new stake in shares of Barclays in the third quarter valued at about $35,035,000. Hedge funds and other institutional investors own 3.39% of the company’s stock.

Barclays Price Performance

Shares of BCS opened at $26.33 on Thursday. Barclays PLC has a 1-year low of $17.22 and a 1-year high of $27.70. The stock has a market cap of $89.73 billion, a PE ratio of 10.97, a P/E/G ratio of 0.48 and a beta of 1.01. The firm has a 50-day simple moving average of $23.85 and a two-hundred day simple moving average of $24.14. The company has a debt-to-equity ratio of 5.94, a current ratio of 1.44 and a quick ratio of 1.44.

Barclays (NYSE:BCSGet Free Report) last announced its quarterly earnings results on Monday, April 27th. The financial services provider reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.01. Barclays had a net margin of 21.10% and a return on equity of 8.12%. The business had revenue of $5.07 billion during the quarter, compared to analysts’ expectations of $10.88 billion. As a group, analysts forecast that Barclays PLC will post 2.76 EPS for the current year.

Analyst Ratings Changes

BCS has been the subject of a number of analyst reports. Piper Sandler raised shares of Barclays from an “overweight” rating to a “buy” rating in a report on Friday, June 12th. Citigroup reiterated a “neutral” rating on shares of Barclays in a research report on Thursday, April 23rd. Royal Bank Of Canada reiterated an “outperform” rating on shares of Barclays in a research report on Wednesday, April 29th. Weiss Ratings cut shares of Barclays from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, April 21st. Finally, Erste Group Bank reiterated a “hold” rating on shares of Barclays in a research report on Thursday, March 5th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Barclays presently has a consensus rating of “Moderate Buy”.

View Our Latest Stock Report on BCS

Barclays Profile

(Free Report)

Barclays PLC (NYSE: BCS) is a British multinational bank and financial services company headquartered in London. The firm provides a broad range of banking and financial products to individual, corporate and institutional customers. Its core activities span retail and business banking, credit cards and payments, corporate and investment banking, and wealth and investment management.

In retail and business banking, Barclays offers deposit accounts, mortgages, personal and business loans, and card services.

Further Reading

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Institutional Ownership by Quarter for Barclays (NYSE:BCS)

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