Elevation Point Wealth Partners LLC Purchases 3,126 Shares of Barclays PLC (NYSE:BCS)

Elevation Point Wealth Partners LLC grew its position in shares of Barclays PLC (NYSE:BCS) by 4.1% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 78,665 shares of the financial services provider’s stock after buying an additional 3,126 shares during the quarter. Elevation Point Wealth Partners LLC’s holdings in Barclays were worth $1,208,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Fifth Third Bancorp grew its stake in Barclays by 2.4% during the first quarter. Fifth Third Bancorp now owns 55,436 shares of the financial services provider’s stock worth $851,000 after buying an additional 1,291 shares during the last quarter. Redhawk Wealth Advisors Inc. lifted its position in shares of Barclays by 67.0% during the first quarter. Redhawk Wealth Advisors Inc. now owns 74,362 shares of the financial services provider’s stock worth $1,142,000 after purchasing an additional 29,821 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Barclays by 17.4% during the first quarter. GAMMA Investing LLC now owns 16,049 shares of the financial services provider’s stock worth $247,000 after purchasing an additional 2,381 shares in the last quarter. Sivia Capital Partners LLC lifted its position in shares of Barclays by 72.2% during the first quarter. Sivia Capital Partners LLC now owns 19,704 shares of the financial services provider’s stock worth $303,000 after purchasing an additional 8,262 shares in the last quarter. Finally, Financial Management Professionals Inc. acquired a new position in shares of Barclays during the first quarter worth approximately $29,000. 3.39% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BCS. BNP Paribas upgraded shares of Barclays from a “neutral” rating to an “outperform” rating in a research report on Tuesday, March 4th. Wall Street Zen lowered shares of Barclays from a “buy” rating to a “hold” rating in a research report on Thursday, February 27th.

Barclays Trading Down 2.1%

Shares of NYSE BCS opened at $17.40 on Friday. The company’s 50 day simple moving average is $16.41 and its 200 day simple moving average is $15.14. Barclays PLC has a fifty-two week low of $10.23 and a fifty-two week high of $18.23. The firm has a market capitalization of $61.89 billion, a P/E ratio of 9.45, a P/E/G ratio of 0.39 and a beta of 1.11. The company has a debt-to-equity ratio of 5.33, a current ratio of 1.29 and a quick ratio of 1.29.

Barclays (NYSE:BCS) last announced its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.04. Barclays had a net margin of 20.81% and a return on equity of 7.74%. The business had revenue of $10.32 billion for the quarter, compared to analyst estimates of $8.37 billion. On average, analysts predict that Barclays PLC will post 2 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.