Collaborative Fund Advisors LLC Makes New Investment in Barclays PLC $BCS

Collaborative Fund Advisors LLC bought a new position in Barclays PLC (NYSE:BCS) during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 18,058 shares of the financial services provider’s stock, valued at approximately $382,000.

Other hedge funds have also bought and sold shares of the company. UMB Bank n.a. grew its stake in Barclays by 25.6% in the 4th quarter. UMB Bank n.a. now owns 2,186 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 445 shares during the period. Arkadios Wealth Advisors grew its position in Barclays by 3.5% during the fourth quarter. Arkadios Wealth Advisors now owns 14,886 shares of the financial services provider’s stock valued at $379,000 after buying an additional 498 shares during the period. Diversified Trust Co. increased its holdings in Barclays by 0.4% during the fourth quarter. Diversified Trust Co. now owns 122,957 shares of the financial services provider’s stock worth $3,129,000 after buying an additional 507 shares during the last quarter. Root Financial Partners LLC increased its stake in shares of Barclays by 13.6% during the 4th quarter. Root Financial Partners LLC now owns 4,315 shares of the financial services provider’s stock worth $110,000 after purchasing an additional 517 shares during the last quarter. Finally, Parallel Advisors LLC lifted its position in shares of Barclays by 2.7% during the 4th quarter. Parallel Advisors LLC now owns 19,703 shares of the financial services provider’s stock valued at $501,000 after buying an additional 520 shares during the last quarter. 3.39% of the stock is currently owned by institutional investors.

Barclays Price Performance

Shares of Barclays stock opened at $27.74 on Monday. 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 one year low of $18.10 and a one year high of $28.00. The business’s 50 day simple moving average is $24.68 and its two-hundred day simple moving average is $24.44. The stock has a market capitalization of $94.55 billion, a P/E ratio of 11.56, a price-to-earnings-growth ratio of 0.48 and a beta of 1.00.

Barclays (NYSE:BCS) last issued its earnings results 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 net margin of 21.10% and a return on equity of 8.12%. The firm had revenue of $5.07 billion for the quarter, compared to analysts’ expectations of $10.88 billion. Analysts forecast that Barclays PLC will post 2.83 EPS for the current year.

Analyst Upgrades and Downgrades

BCS has been the subject of a number of analyst reports. Citigroup reaffirmed a “neutral” rating on shares of Barclays in a report on Thursday, April 23rd. Morgan Stanley reissued an “overweight” rating on shares of Barclays in a report on Thursday. Piper Sandler upgraded shares of Barclays from an “overweight” rating to a “buy” rating in a research report on Friday, June 12th. Weiss Ratings lowered shares of Barclays from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, April 21st. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Barclays in a research note on Wednesday, April 29th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Barclays currently has a consensus rating of “Moderate Buy”.

Barclays Company 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.