Elevation Point Wealth Partners LLC Acquires 75,861 Shares of Barclays PLC $BCS

Elevation Point Wealth Partners LLC raised its holdings in shares of Barclays PLC (NYSE:BCS) by 434.6% in the first quarter, Holdings Channel reports. The institutional investor owned 93,315 shares of the financial services provider’s stock after buying an additional 75,861 shares during the quarter. Elevation Point Wealth Partners LLC’s holdings in Barclays were worth $1,975,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of BCS. Norges Bank acquired a new position in Barclays during the 4th quarter valued at $141,248,000. Ameriprise Financial Inc. increased its holdings in shares of Barclays by 793.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,777,017 shares of the financial services provider’s stock worth $99,073,000 after purchasing an additional 4,242,360 shares during the period. Fisher Asset Management LLC increased its holdings in shares of 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 purchasing an additional 3,722,757 shares during the period. Main Street Research LLC acquired a new position in shares of Barclays during the third quarter valued at about $35,035,000. Finally, BNP Paribas Financial Markets raised its position in shares of Barclays by 7,013.1% during the second quarter. BNP Paribas Financial Markets now owns 1,671,369 shares of the financial services provider’s stock valued at $31,071,000 after buying an additional 1,647,872 shares during the last quarter. Institutional investors and hedge funds own 3.39% of the company’s stock.

Barclays Stock Performance

NYSE:BCS opened at $27.74 on Monday. Barclays PLC has a 12-month low of $18.10 and a 12-month high of $28.00. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 5.94. The firm has a market capitalization of $94.55 billion, a PE ratio of 11.56, a price-to-earnings-growth ratio of 0.48 and a beta of 1.00. The firm has a 50-day moving average price of $24.68 and a 200 day moving average price of $24.44.

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, beating analysts’ consensus estimates of $0.75 by $0.01. The company had revenue of $5.07 billion during 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%. Research analysts anticipate that Barclays PLC will post 2.83 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on BCS. Morgan Stanley reissued an “overweight” rating on shares of Barclays in a research report on Thursday. Royal Bank Of Canada reiterated an “outperform” rating on shares of Barclays in a research report on Wednesday, April 29th. Citigroup reissued a “neutral” rating on shares of Barclays in a report on Thursday, April 23rd. Berenberg Bank began coverage on Barclays in a research report on Wednesday, June 24th. They set a “buy” rating on the stock. Finally, Weiss Ratings cut Barclays from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, April 21st. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Barclays presently has a consensus 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.