Y Intercept Hong Kong Ltd Takes Position in Barclays PLC $BCS

Y Intercept Hong Kong Ltd purchased a new stake in shares of Barclays PLC (NYSE:BCS) during the 1st quarter, Holdings Channel.com reports. The institutional investor purchased 745,343 shares of the financial services provider’s stock, valued at approximately $15,771,000.

A number of other institutional investors also recently bought and sold shares of the stock. Commonwealth Retirement Investments LLC purchased a new stake in Barclays in the fourth quarter worth about $26,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Barclays during the 4th quarter worth approximately $26,000. SHP Wealth Management bought a new position in shares of Barclays in the 4th quarter worth approximately $28,000. Advocate Investing Services LLC bought a new position in shares of Barclays in the 4th quarter worth approximately $33,000. Finally, First Pacific Financial lifted its stake in shares of Barclays by 3,036.4% in the 1st quarter. First Pacific Financial now owns 1,725 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 1,670 shares during the period. 3.39% of the stock is owned by institutional investors.

Barclays Stock Performance

Shares of BCS opened at $27.74 on Friday. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 5.94. The business’s 50 day moving average price is $24.59 and its 200-day moving average price is $24.42. Barclays PLC has a 52 week low of $18.10 and a 52 week high of $28.00. The stock has a market cap of $94.55 billion, a P/E ratio of 11.56, a P/E/G ratio of 0.47 and a beta of 1.00.

Barclays (NYSE:BCSGet Free Report) last posted its quarterly earnings data 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. The company had revenue of $5.07 billion during the quarter, compared to analyst estimates of $10.88 billion. Barclays had a return on equity of 8.12% and a net margin of 21.10%. Equities research analysts anticipate that Barclays PLC will post 2.83 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on BCS. BNP Paribas Exane lowered Barclays from an “outperform” rating to a “neutral” rating in a research report on Tuesday, April 14th. Royal Bank Of Canada reissued an “outperform” rating on shares of Barclays in a research report on Wednesday, April 29th. Berenberg Bank started coverage on shares of Barclays in a report on Wednesday, June 24th. They set a “buy” rating on the stock. Citigroup reaffirmed a “neutral” rating on shares of Barclays in a research report on Thursday, April 23rd. Finally, Piper Sandler upgraded shares of Barclays from an “overweight” rating to a “buy” rating in a research note on Friday, June 12th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Barclays currently has a consensus rating of “Moderate Buy”.

Read Our Latest Stock Analysis on BCS

Barclays Company 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.

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Institutional Ownership by Quarter for Barclays (NYSE:BCS)

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