Persistent Asset Partners Ltd Invests $585,000 in Barclays PLC $BCS

Persistent Asset Partners Ltd acquired a new position in shares of Barclays PLC (NYSE:BCS) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 23,000 shares of the financial services provider’s stock, valued at approximately $585,000.

Several other large investors have also bought and sold shares of the business. American Century Companies Inc. lifted 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 worth $100,065,000 after acquiring an additional 1,362,247 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its stake in shares of Barclays by 6.1% in the 3rd 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 in the last quarter. Natixis Advisors LLC grew its holdings in shares of Barclays by 5.9% during the 3rd 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 last quarter. Redhawk Wealth Advisors Inc. increased its position in Barclays by 70.5% during the 4th quarter. Redhawk Wealth Advisors Inc. now owns 124,961 shares of the financial services provider’s stock worth $3,180,000 after purchasing an additional 51,679 shares in the last quarter. Finally, Main Street Research LLC bought a new position in Barclays in the 3rd quarter valued at approximately $35,035,000. 3.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Erste Group Bank reaffirmed a “hold” rating on shares of Barclays in a research note on Thursday, March 5th. Piper Sandler upgraded Barclays from an “overweight” rating to a “buy” rating in a research note on Friday. Zacks Research downgraded Barclays from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 19th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Barclays in a report on Wednesday, April 29th. Finally, Citigroup reiterated a “neutral” rating on shares of Barclays in a research report on Thursday, April 23rd. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Barclays Trading Up 1.3%

Shares of NYSE BCS opened at $25.97 on Wednesday. The firm has a 50 day moving average price of $23.76 and a two-hundred day moving average price of $24.11. The stock has a market cap of $88.53 billion, a P/E ratio of 10.82, a price-to-earnings-growth ratio of 0.48 and a beta of 1.01. Barclays PLC has a 52-week low of $17.22 and a 52-week high of $27.70. The company has a debt-to-equity ratio of 5.94, a quick ratio of 1.44 and a current ratio of 1.44.

Barclays (NYSE:BCS) last issued its quarterly earnings results on Monday, April 27th. The financial services provider reported $0.76 EPS for the quarter, topping 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 company had revenue of $5.07 billion for the quarter, compared to analyst estimates of $10.88 billion. As a group, equities analysts forecast that Barclays PLC will post 2.75 EPS for the current year.

Barclays Company Profile

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.