Brooklands Fund Management Ltd Purchases Shares of 66,379 Barclays PLC $BCS

Brooklands Fund Management Ltd purchased a new stake in Barclays PLC (NYSE:BCS) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 66,379 shares of the financial services provider’s stock, valued at approximately $1,405,000. Barclays accounts for about 1.6% of Brooklands Fund Management Ltd’s portfolio, making the stock its 18th largest position.

Other hedge funds have also recently made changes to their positions in the company. Commonwealth Retirement Investments LLC acquired a new position in Barclays during the fourth quarter worth $26,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Barclays during the fourth quarter worth $26,000. SHP Wealth Management acquired a new stake in shares of Barclays in the fourth quarter valued at $28,000. Advocate Investing Services LLC purchased a new stake in shares of Barclays in the 4th quarter valued at $33,000. Finally, First Pacific Financial raised its holdings in shares of Barclays by 3,036.4% in the 1st quarter. First Pacific Financial now owns 1,725 shares of the financial services provider’s stock valued at $37,000 after buying an additional 1,670 shares during the period. Hedge funds and other institutional investors own 3.39% of the company’s stock.

Analysts Set New Price Targets

BCS has been the subject of a number of research analyst reports. Piper Sandler upgraded Barclays from an “overweight” rating to a “buy” rating in a report on Friday, June 12th. Citigroup reissued a “neutral” rating on shares of Barclays in a research report on Thursday, July 16th. Weiss Ratings reissued a “buy (b-)” rating on shares of Barclays in a research note on Friday, July 17th. Berenberg Bank assumed coverage on shares of Barclays in a report on Wednesday, June 24th. They issued a “buy” rating for the company. Finally, Royal Bank Of Canada reaffirmed 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 assigned a Hold rating to the stock. Based on data from MarketBeat.com, Barclays has an average rating of “Moderate Buy”.

Barclays Price Performance

BCS stock opened at $27.66 on Friday. The business’s 50-day moving average is $25.95 and its two-hundred day moving average is $24.68. The company has a debt-to-equity ratio of 5.94, a current ratio of 1.44 and a quick ratio of 1.44. The firm has a market capitalization of $94.30 billion, a P/E ratio of 11.53, a P/E/G ratio of 0.47 and a beta of 1.00. Barclays PLC has a 1 year low of $18.79 and a 1 year high of $28.43.

Barclays (NYSE:BCS) last announced its quarterly earnings data on Monday, April 27th. The financial services provider reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.01. The business had revenue of $5.07 billion during the quarter, compared to the consensus estimate of $10.88 billion. Barclays had a return on equity of 8.12% and a net margin of 21.10%. Analysts anticipate that Barclays PLC will post 2.86 earnings per share for the current fiscal year.

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.