Dynasty Wealth Management LLC Makes New Investment in Barclays PLC $BCS

Dynasty Wealth Management LLC acquired a new position in shares of Barclays PLC (NYSE:BCS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 31,756 shares of the financial services provider’s stock, valued at approximately $808,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new position in shares of Barclays in the fourth quarter worth about $141,248,000. Ameriprise Financial Inc. lifted its stake in shares of Barclays by 793.5% in the third quarter. Ameriprise Financial Inc. now owns 4,777,017 shares of the financial services provider’s stock worth $99,073,000 after acquiring an additional 4,242,360 shares in the last quarter. Fisher Asset Management LLC lifted its stake in shares of Barclays by 4.3% in the fourth quarter. Fisher Asset Management LLC now owns 89,750,069 shares of the financial services provider’s stock worth $2,284,139,000 after acquiring an additional 3,722,757 shares in the last quarter. Main Street Research LLC acquired a new position in shares of Barclays in the third quarter worth about $35,035,000. Finally, BNP Paribas Financial Markets lifted its stake in shares of Barclays by 7,013.1% in the second quarter. BNP Paribas Financial Markets now owns 1,671,369 shares of the financial services provider’s stock worth $31,071,000 after acquiring an additional 1,647,872 shares in the last quarter. Institutional investors and hedge funds own 3.39% of the company’s stock.

Barclays Stock Down 2.2%

Shares of Barclays stock opened at $24.73 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. The business’s 50 day simple moving average is $23.08 and its 200-day simple moving average is $23.89. The stock has a market capitalization of $84.31 billion, a price-to-earnings ratio of 10.31, a PEG ratio of 0.47 and a beta of 1.01. Barclays PLC has a twelve month low of $17.22 and a twelve month high of $27.70.

Barclays (NYSE:BCS) last announced 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 analysts’ expectations of $10.88 billion. Barclays had a return on equity of 8.12% and a net margin of 21.10%. Equities research analysts forecast that Barclays PLC will post 2.75 earnings per share for the current year.

Wall Street Analysts Forecast Growth

BCS has been the topic of several recent analyst reports. Erste Group Bank reiterated a “hold” rating on shares of Barclays in a research note on Thursday, March 5th. BNP Paribas Exane cut Barclays from an “outperform” rating to a “neutral” rating in a research note on Tuesday, April 14th. Morgan Stanley restated an “overweight” rating on shares of Barclays in a research note on Wednesday, February 11th. Weiss Ratings cut Barclays from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, April 21st. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Barclays in a research note on Wednesday, April 29th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold”.

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.