Redhawk Wealth Advisors Inc. Purchases 29,821 Shares of Barclays PLC (NYSE:BCS)

Redhawk Wealth Advisors Inc. lifted its position in shares of Barclays PLC (NYSE:BCS) by 67.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 74,362 shares of the financial services provider’s stock after acquiring an additional 29,821 shares during the period. Redhawk Wealth Advisors Inc.’s holdings in Barclays were worth $1,142,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Henry James International Management Inc. acquired a new position in Barclays in the 4th quarter valued at approximately $438,000. ABC Arbitrage SA bought a new position in Barclays during the fourth quarter worth $21,514,000. Allspring Global Investments Holdings LLC boosted its stake in Barclays by 3,073.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 689,413 shares of the financial services provider’s stock worth $9,052,000 after acquiring an additional 667,687 shares in the last quarter. Neuberger Berman Group LLC lifted its stake in shares of Barclays by 51.0% in the fourth quarter. Neuberger Berman Group LLC now owns 579,964 shares of the financial services provider’s stock valued at $7,708,000 after buying an additional 195,825 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in shares of Barclays by 14.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 3,063,126 shares of the financial services provider’s stock valued at $40,709,000 after buying an additional 391,899 shares in the last quarter. 3.39% of the stock is currently owned by institutional investors and hedge funds.

Barclays Trading Down 3.0%

Shares of BCS opened at $17.59 on Wednesday. The firm has a market cap of $62.57 billion, a price-to-earnings ratio of 9.56, a PEG ratio of 0.39 and a beta of 1.11. The company has a debt-to-equity ratio of 5.33, a quick ratio of 1.29 and a current ratio of 1.29. Barclays PLC has a fifty-two week low of $10.17 and a fifty-two week high of $18.23. The firm has a 50 day moving average price of $16.13 and a 200-day moving average price of $15.05.

Barclays (NYSE:BCS) last issued its earnings results on Wednesday, April 30th. The financial services provider reported $0.65 EPS for the quarter, topping 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 company had revenue of $10.32 billion for the quarter, compared to the consensus estimate of $8.37 billion. As a group, equities research analysts forecast that Barclays PLC will post 2 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. BNP Paribas raised 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.

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.