Militia Capital Management LLC Invests $2.12 Million in Barclays PLC $BCS

Militia Capital Management LLC acquired a new stake in Barclays PLC (NYSE:BCS) in the 1st quarter, HoldingsChannel.com reports. The fund acquired 100,000 shares of the financial services provider’s stock, valued at approximately $2,116,000.

A number of other hedge funds have also recently bought and sold shares of BCS. Norges Bank bought a new stake in Barclays in the fourth quarter worth about $141,248,000. Ameriprise Financial Inc. grew its stake in shares of Barclays by 793.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,777,017 shares of the financial services provider’s stock worth $99,073,000 after purchasing an additional 4,242,360 shares during the last quarter. Fisher Asset Management LLC raised its holdings in shares of Barclays by 4.3% in the 4th quarter. Fisher Asset Management LLC now owns 89,750,069 shares of the financial services provider’s stock worth $2,284,139,000 after purchasing an additional 3,722,757 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in Barclays by 7,013.1% during the second quarter. BNP Paribas Financial Markets now owns 1,671,369 shares of the financial services provider’s stock valued at $31,071,000 after purchasing an additional 1,647,872 shares during the last quarter. Finally, Ferguson Wellman Capital Management Inc. bought a new stake in Barclays during the first quarter worth approximately $24,704,000. 3.39% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. BNP Paribas Exane downgraded Barclays from an “outperform” rating to a “neutral” rating in a research report on Tuesday, April 14th. Berenberg Bank assumed coverage on Barclays in a research report on Wednesday, June 24th. They set a “buy” rating on the stock. Citigroup reissued a “neutral” rating on shares of Barclays in a research note on Thursday, July 16th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Barclays in a research note on Friday, July 17th. Finally, Piper Sandler upgraded shares of Barclays from an “overweight” rating to a “buy” rating in a research report on Friday, June 12th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Barclays Stock Up 0.8%

BCS stock opened at $28.16 on Thursday. The company has a 50 day moving average of $25.86 and a two-hundred day moving average of $24.67. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 5.94. Barclays PLC has a 12-month low of $18.79 and a 12-month high of $28.43. The company has a market cap of $95.98 billion, a price-to-earnings ratio of 11.73, a PEG ratio of 0.47 and a beta of 1.00.

Barclays (NYSE:BCS) last posted its quarterly earnings results on Monday, April 27th. The financial services provider reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.01. The business had revenue of $5.07 billion for the quarter, compared to the consensus estimate of $10.88 billion. Barclays had a net margin of 21.10% and a return on equity of 8.12%. On average, equities analysts anticipate that Barclays PLC will post 2.86 earnings per share for the current fiscal year.

Barclays 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.