Virtu Financial LLC Takes Position in Barclays PLC $BCS

Virtu Financial LLC bought a new position in shares of Barclays PLC (NYSE:BCS) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 26,790 shares of the financial services provider’s stock, valued at approximately $682,000.

Other hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Barclays during the fourth quarter worth approximately $141,248,000. Ameriprise Financial Inc. lifted its stake in 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 during the last quarter. Fisher Asset Management LLC grew its holdings in Barclays by 4.3% during the 4th 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 purchased a new stake in shares of Barclays in the 3rd quarter valued at approximately $35,035,000. Finally, BNP Paribas Financial Markets raised its holdings in shares of Barclays by 7,013.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,671,369 shares of the financial services provider’s stock valued at $31,071,000 after purchasing an additional 1,647,872 shares in the last quarter. Institutional investors and hedge funds own 3.39% of the company’s stock.

Barclays Price Performance

Shares of BCS opened at $27.27 on Tuesday. The company has a debt-to-equity ratio of 5.94, a current ratio of 1.44 and a quick ratio of 1.44. Barclays PLC has a 1-year low of $17.22 and a 1-year high of $27.70. The stock has a market cap of $92.96 billion, a PE ratio of 11.36, a price-to-earnings-growth ratio of 0.45 and a beta of 1.01. The firm has a fifty day moving average price of $24.07 and a 200 day moving average price of $24.22.

Barclays (NYSE:BCS) last issued its quarterly earnings data on Monday, April 27th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.01. Barclays had a return on equity of 8.12% and a net margin of 21.10%.The company had revenue of $5.07 billion for the quarter, compared to analyst estimates of $10.88 billion. As a group, sell-side analysts anticipate that Barclays PLC will post 2.83 EPS for the current year.

Wall Street Analysts Forecast Growth

BCS has been the subject of a number of analyst reports. Zacks Research downgraded shares of Barclays from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 19th. Piper Sandler raised Barclays from an “overweight” rating to a “buy” rating in a report on Friday, June 12th. Erste Group Bank reaffirmed a “hold” rating on shares of Barclays in a research report on Thursday, March 5th. BNP Paribas Exane lowered Barclays from an “outperform” rating to a “neutral” rating in a research report on Tuesday, April 14th. Finally, Citigroup restated a “neutral” rating on shares of Barclays in a research note on Thursday, April 23rd. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company 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.