Persistent Asset Partners Ltd Invests $585,000 in Barclays PLC $BCS

Persistent Asset Partners Ltd bought a new stake in Barclays PLC (NYSE:BCS) during the 4th quarter, Holdings Channel.com reports. The firm bought 23,000 shares of the financial services provider’s stock, valued at approximately $585,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Militia Capital Partners LP bought a new position in Barclays during the 4th quarter worth approximately $560,000. Opal Capital LLC bought a new stake in shares of Barclays in the 4th quarter valued at $1,507,000. Squarepoint Ops LLC acquired a new stake in shares of Barclays during the fourth quarter worth $6,961,000. Senator Investment Group LP raised its stake in Barclays by 13.4% during the fourth quarter. Senator Investment Group LP now owns 67,232 shares of the financial services provider’s stock worth $1,711,000 after buying an additional 7,957 shares during the last quarter. Finally, Strategic Global Advisors LLC raised its stake in Barclays by 12.9% during the fourth quarter. Strategic Global Advisors LLC now owns 15,807 shares of the financial services provider’s stock worth $402,000 after buying an additional 1,802 shares during the last quarter. Institutional investors and hedge funds own 3.39% of the company’s stock.

Barclays Trading Up 1.3%

NYSE:BCS opened at $25.97 on Wednesday. Barclays PLC has a 12 month low of $17.22 and a 12 month high of $27.70. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 5.94. The stock has a market capitalization of $88.53 billion, a price-to-earnings ratio of 10.82, a PEG ratio of 0.48 and a beta of 1.01. The firm has a fifty day simple moving average of $23.76 and a two-hundred day simple moving average of $24.11.

Barclays (NYSE:BCS) last announced its quarterly earnings data 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 firm 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 expect that Barclays PLC will post 2.75 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on BCS. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Barclays in a research report on Wednesday, April 29th. Erste Group Bank reissued a “hold” rating on shares of Barclays in a research note on Thursday, March 5th. Weiss Ratings lowered Barclays from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, April 21st. Zacks Research cut Barclays from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 19th. Finally, Citigroup reiterated a “neutral” rating on shares of Barclays in a report on Thursday, April 23rd. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently 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.