Barclays PLC (NYSE:BCS) Position Increased by Forum Financial Management LP

Forum Financial Management LP raised its position in Barclays PLC (NYSE:BCS) by 1.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,199 shares of the financial services provider’s stock after purchasing an additional 874 shares during the quarter. Forum Financial Management LP’s holdings in Barclays were worth $641,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of BCS. Bank of America Corp DE lifted its stake in shares of Barclays by 485.0% in the 4th quarter. Bank of America Corp DE now owns 6,680,869 shares of the financial services provider’s stock valued at $88,789,000 after purchasing an additional 5,538,912 shares during the last quarter. Northern Trust Corp lifted its position in shares of Barclays by 20.5% in the fourth quarter. Northern Trust Corp now owns 6,059,544 shares of the financial services provider’s stock worth $80,531,000 after buying an additional 1,029,401 shares during the last quarter. Causeway Capital Management LLC boosted its stake in shares of Barclays by 8.9% during the 4th quarter. Causeway Capital Management LLC now owns 5,930,467 shares of the financial services provider’s stock worth $78,816,000 after acquiring an additional 484,497 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Barclays by 9.8% during the 4th quarter. American Century Companies Inc. now owns 5,635,864 shares of the financial services provider’s stock valued at $74,901,000 after acquiring an additional 505,351 shares during the last quarter. Finally, Natixis Advisors LLC raised its stake in shares of Barclays by 39.5% in the 4th quarter. Natixis Advisors LLC now owns 4,974,981 shares of the financial services provider’s stock valued at $66,117,000 after acquiring an additional 1,409,948 shares in the last quarter. 3.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Barclays Trading Up 0.2%

Barclays stock opened at $17.68 on Monday. Barclays PLC has a 52 week low of $10.17 and a 52 week high of $17.89. The company has a debt-to-equity ratio of 5.33, a quick ratio of 1.29 and a current ratio of 1.29. The firm has a market capitalization of $63.03 billion, a PE ratio of 9.61, a PEG ratio of 0.39 and a beta of 1.10. The business’s 50-day simple moving average is $15.61 and its 200-day simple moving average is $14.67.

Barclays (NYSE:BCS) last released its earnings results on Wednesday, April 30th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.04. Barclays had a return on equity of 7.74% and a net margin of 20.81%. The firm had revenue of $10.32 billion for the quarter, compared to analyst estimates of $8.37 billion. Equities research analysts forecast that Barclays PLC will post 2 earnings per share 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.