Lake Street Advisors Group LLC Purchases 4,492 Shares of Barclays PLC (NYSE:BCS)

Lake Street Advisors Group LLC grew its position in shares of Barclays PLC (NYSE:BCS) by 12.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,111 shares of the financial services provider’s stock after acquiring an additional 4,492 shares during the quarter. Lake Street Advisors Group LLC’s holdings in Barclays were worth $400,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Seven Eight Capital LP lifted its position in Barclays by 1,126.6% in the 1st quarter. Seven Eight Capital LP now owns 594,844 shares of the financial services provider’s stock valued at $5,621,000 after acquiring an additional 546,350 shares in the last quarter. O Shaughnessy Asset Management LLC raised its position in Barclays by 37.7% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 892,896 shares of the financial services provider’s stock valued at $8,438,000 after buying an additional 244,263 shares during the last quarter. Catalytic Wealth RIA LLC lifted its stake in Barclays by 21.9% during the 1st quarter. Catalytic Wealth RIA LLC now owns 69,732 shares of the financial services provider’s stock valued at $659,000 after acquiring an additional 12,524 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in Barclays by 1,502.3% during the 1st quarter. Acadian Asset Management LLC now owns 1,346,178 shares of the financial services provider’s stock worth $12,711,000 after acquiring an additional 1,262,165 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC grew its stake in shares of Barclays by 5.0% in the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 37,348 shares of the financial services provider’s stock worth $353,000 after acquiring an additional 1,782 shares in the last quarter. 3.39% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on BCS. StockNews.com upgraded shares of Barclays from a “hold” rating to a “buy” rating in a report on Tuesday, July 9th. Deutsche Bank Aktiengesellschaft initiated coverage on Barclays in a research report on Thursday, May 9th. They set a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Barclays Stock Performance

BCS stock traded down $0.25 during mid-day trading on Wednesday, hitting $11.70. The company had a trading volume of 8,689,363 shares, compared to its average volume of 15,161,264. Barclays PLC has a 12 month low of $6.23 and a 12 month high of $12.11. The stock’s fifty day moving average price is $11.12 and its two-hundred day moving average price is $9.63. The firm has a market cap of $43.35 billion, a PE ratio of 8.73, a price-to-earnings-growth ratio of 0.43 and a beta of 1.44. The company has a debt-to-equity ratio of 6.15, a quick ratio of 1.39 and a current ratio of 1.39.

Barclays (NYSE:BCS) last posted its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.52 EPS for the quarter, beating the consensus estimate of $0.45 by $0.07. Barclays had a return on equity of 6.13% and a net margin of 17.21%. The business had revenue of $8.82 billion for the quarter. On average, analysts forecast that Barclays PLC will post 1.61 earnings per share for the current fiscal year.

Barclays Profile

Barclays PLC provides various financial services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International division segments. It offers financial services, such as retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.