Barclays PLC (NYSE:BCS) Shares Acquired by Park Avenue Securities LLC

Park Avenue Securities LLC raised its stake in shares of Barclays PLC (NYSE:BCS) by 15.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 63,628 shares of the financial services provider’s stock after purchasing an additional 8,718 shares during the period. Park Avenue Securities LLC’s holdings in Barclays were worth $601,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Jones Financial Companies Lllp acquired a new stake in Barclays during the third quarter worth about $30,000. Principal Securities Inc. purchased a new position in Barclays in the fourth quarter valued at approximately $34,000. GAMMA Investing LLC lifted its position in Barclays by 51.7% during the first quarter. GAMMA Investing LLC now owns 4,411 shares of the financial services provider’s stock valued at $42,000 after buying an additional 1,503 shares in the last quarter. Private Trust Co. NA grew its stake in Barclays by 58.5% during the fourth quarter. Private Trust Co. NA now owns 5,421 shares of the financial services provider’s stock worth $43,000 after buying an additional 2,000 shares during the period. Finally, Wetzel Investment Advisors Inc. acquired a new stake in shares of Barclays in the fourth quarter worth $47,000. Institutional investors and hedge funds own 3.39% of the company’s stock.

Barclays Stock Up 1.7 %

Shares of NYSE BCS opened at $10.69 on Friday. 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 PLC has a 1 year low of $6.23 and a 1 year high of $11.42. The stock’s 50-day simple moving average is $10.65 and its 200-day simple moving average is $9.11. The firm has a market cap of $40.31 billion, a price-to-earnings ratio of 7.97, a PEG ratio of 0.38 and a beta of 1.42.

Barclays (NYSE:BCS) last released its earnings results on Thursday, April 25th. The financial services provider reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.07. Barclays had a net margin of 17.21% and a return on equity of 6.13%. The company had revenue of $8.82 billion during the quarter. As a group, equities analysts anticipate that Barclays PLC will post 1.6 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BCS has been the subject of several analyst reports. StockNews.com raised Barclays from a “hold” rating to a “buy” rating in a research report on Monday, May 13th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Barclays in a research note on Thursday, May 9th. They set a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $190.00.

About Barclays

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.