Evolve Private Wealth LLC Takes Position in Barclays PLC $BCS

Evolve Private Wealth LLC acquired a new stake in Barclays PLC (NYSE:BCS) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 138,559 shares of the financial services provider’s stock, valued at approximately $3,526,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Commonwealth Retirement Investments LLC purchased a new position in shares of Barclays in the fourth quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Barclays in the fourth quarter valued at approximately $26,000. Advocate Investing Services LLC purchased a new position in shares of Barclays in the fourth quarter valued at approximately $33,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Barclays in the fourth quarter worth approximately $39,000. Finally, Johnson Financial Group Inc. purchased a new position in Barclays in the third quarter worth approximately $44,000. Hedge funds and other institutional investors own 3.39% of the company’s stock.

Barclays Stock Up 1.3%

BCS stock opened at $26.33 on Thursday. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 5.94. Barclays PLC has a twelve month low of $17.22 and a twelve month high of $27.70. The company’s 50 day moving average is $23.85 and its two-hundred day moving average is $24.14. The stock has a market cap of $89.73 billion, a P/E ratio of 10.97, a PEG ratio of 0.48 and a beta of 1.01.

Barclays (NYSE:BCS) last released its quarterly earnings data 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. 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 analysts’ expectations of $10.88 billion. Research analysts expect that Barclays PLC will post 2.76 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on BCS. Citigroup reiterated a “neutral” rating on shares of Barclays in a research note on Thursday, April 23rd. Piper Sandler upgraded shares of Barclays from an “overweight” rating to a “buy” rating in a research note on Friday, June 12th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Barclays in a research note on Wednesday, April 29th. Weiss Ratings downgraded shares of Barclays from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, April 21st. Finally, Erste Group Bank reiterated a “hold” rating on shares of Barclays in a research note on Thursday, March 5th. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Barclays currently has an average rating of “Moderate Buy”.

About Barclays

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.