Atlas Capital Advisors Inc. Acquires New Stake in Barclays PLC $BCS

Atlas Capital Advisors Inc. acquired a new stake in Barclays PLC (NYSE:BCS) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 65,764 shares of the financial services provider’s stock, valued at approximately $1,674,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Kestra Advisory Services LLC boosted its position in Barclays by 9.8% during the fourth quarter. Kestra Advisory Services LLC now owns 16,478 shares of the financial services provider’s stock worth $419,000 after acquiring an additional 1,470 shares during the last quarter. CreativeOne Wealth LLC acquired a new position in Barclays during the fourth quarter worth about $777,000. Transamerica Financial Advisors LLC boosted its position in Barclays by 172.3% during the fourth quarter. Transamerica Financial Advisors LLC now owns 2,372 shares of the financial services provider’s stock worth $60,000 after acquiring an additional 1,501 shares during the last quarter. UMB Bank n.a. boosted its position in Barclays by 25.6% during the fourth quarter. UMB Bank n.a. now owns 2,186 shares of the financial services provider’s stock worth $56,000 after acquiring an additional 445 shares during the last quarter. Finally, Commerce Bank boosted its position in Barclays by 16.8% during the fourth quarter. Commerce Bank now owns 15,132 shares of the financial services provider’s stock worth $385,000 after acquiring an additional 2,178 shares during the last quarter. 3.39% of the stock is owned by institutional investors and hedge funds.

Barclays Stock Performance

NYSE:BCS opened at $25.44 on Friday. The company has a debt-to-equity ratio of 5.94, a current ratio of 1.44 and a quick ratio of 1.44. The firm has a market capitalization of $86.71 billion, a price-to-earnings ratio of 10.60, a PEG ratio of 0.47 and a beta of 1.01. The company’s 50-day moving average is $23.60 and its two-hundred day moving average is $24.04. Barclays PLC has a 1-year low of $17.22 and a 1-year high of $27.70.

Barclays (NYSE:BCS) last posted its earnings results on Monday, April 27th. The financial services provider reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.01. The company had revenue of $5.07 billion for the quarter, compared to analyst estimates of $10.88 billion. Barclays had a net margin of 21.10% and a return on equity of 8.12%. Analysts forecast that Barclays PLC will post 2.75 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on BCS shares. Erste Group Bank restated a “hold” rating on shares of Barclays in a research report on Thursday, March 5th. Zacks Research lowered shares of Barclays from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 19th. Citigroup restated a “neutral” rating on shares of Barclays in a research report on Thursday, April 23rd. Piper Sandler upgraded shares of Barclays from an “overweight” rating to a “buy” rating in a research report on Friday. Finally, Weiss Ratings lowered shares of Barclays from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, April 21st. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Barclays currently has an average rating of “Moderate Buy”.

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.