Collaborative Fund Advisors LLC Invests $382,000 in Barclays PLC $BCS

Collaborative Fund Advisors LLC bought a new stake in shares of Barclays PLC (NYSE:BCS) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 18,058 shares of the financial services provider’s stock, valued at approximately $382,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. NewEdge Advisors LLC raised its holdings in Barclays by 72.8% in the 1st quarter. NewEdge Advisors LLC now owns 47,051 shares of the financial services provider’s stock worth $723,000 after purchasing an additional 19,818 shares in the last quarter. Sivia Capital Partners LLC boosted its stake in shares of Barclays by 19.6% during the 2nd quarter. Sivia Capital Partners LLC now owns 23,572 shares of the financial services provider’s stock valued at $438,000 after purchasing an additional 3,868 shares in the last quarter. Rhumbline Advisers increased its position in shares of Barclays by 6.8% during the second quarter. Rhumbline Advisers now owns 45,179 shares of the financial services provider’s stock valued at $840,000 after buying an additional 2,885 shares during the period. Flow Traders U.S. LLC bought a new position in Barclays in the second quarter worth about $451,000. Finally, Cerity Partners LLC boosted its position in Barclays by 3.2% during the 2nd quarter. Cerity Partners LLC now owns 243,698 shares of the financial services provider’s stock valued at $4,530,000 after acquiring an additional 7,604 shares in the last quarter. Hedge funds and other institutional investors own 3.39% of the company’s stock.

Wall Street Analysts Forecast Growth

BCS has been the topic of a number of research analyst reports. Citigroup reiterated a “neutral” rating on shares of Barclays in a report on Thursday, April 23rd. Weiss Ratings cut Barclays from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, April 21st. BNP Paribas Exane downgraded Barclays from an “outperform” rating to a “neutral” rating in a report on Tuesday, April 14th. Piper Sandler raised shares of Barclays from an “overweight” rating to a “buy” rating in a research note on Friday, June 12th. Finally, Berenberg Bank started coverage on Barclays in a research note on Wednesday, June 24th. They set a “buy” rating for the company. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

Barclays Stock Down 0.1%

BCS stock opened at $27.74 on Monday. The stock has a market capitalization of $94.55 billion, a P/E ratio of 11.56, a P/E/G ratio of 0.48 and a beta of 1.00. 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 1-year low of $18.10 and a 1-year high of $28.00. The business has a fifty day moving average price of $24.68 and a 200-day moving average price of $24.44.

Barclays (NYSE:BCS) last released its quarterly earnings results on Monday, April 27th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.01. Barclays had a return on equity of 8.12% and a net margin of 21.10%.The business had revenue of $5.07 billion during the quarter, compared to the consensus estimate of $10.88 billion. Equities analysts forecast that Barclays PLC will post 2.83 earnings per share for the current fiscal year.

About Barclays

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.