Opal Capital LLC Takes Position in Barclays PLC $BCS

Opal Capital LLC purchased a new position in shares of Barclays PLC (NYSE:BCS) in the 4th quarter, Holdings Channel reports. The firm purchased 59,208 shares of the financial services provider’s stock, valued at approximately $1,507,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of BCS. American Century Companies Inc. boosted its position in shares of Barclays by 39.2% during the 3rd quarter. American Century Companies Inc. now owns 4,841,068 shares of the financial services provider’s stock valued at $100,065,000 after purchasing an additional 1,362,247 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its position in shares of Barclays by 6.1% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 2,239,040 shares of the financial services provider’s stock valued at $46,281,000 after purchasing an additional 129,700 shares in the last quarter. Natixis Advisors LLC boosted its position in shares of Barclays by 5.9% during the 3rd quarter. Natixis Advisors LLC now owns 9,886,650 shares of the financial services provider’s stock valued at $204,357,000 after purchasing an additional 549,497 shares in the last quarter. Redhawk Wealth Advisors Inc. boosted its position in shares of Barclays by 70.5% during the 4th quarter. Redhawk Wealth Advisors Inc. now owns 124,961 shares of the financial services provider’s stock valued at $3,180,000 after purchasing an additional 51,679 shares in the last quarter. Finally, Main Street Research LLC acquired a new position in shares of Barclays in the third quarter worth about $35,035,000. Institutional investors and hedge funds own 3.39% of the company’s stock.

Analysts Set New Price Targets

BCS has been the subject of several recent analyst reports. Royal Bank Of Canada reiterated an “outperform” rating on shares of Barclays in a report on Wednesday, April 29th. Erste Group Bank reiterated a “hold” rating on shares of Barclays in a report on Thursday, March 5th. Piper Sandler upgraded shares of Barclays from an “overweight” rating to a “buy” rating in a report on Friday. Weiss Ratings cut shares of Barclays from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, April 21st. 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 assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Barclays Price Performance

NYSE BCS opened at $25.97 on Wednesday. The company has a 50 day simple moving average of $23.76 and a 200-day simple moving average of $24.11. 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 $88.53 billion, a price-to-earnings ratio of 10.82, a price-to-earnings-growth ratio of 0.48 and a beta of 1.01. Barclays PLC has a 52-week low of $17.22 and a 52-week high of $27.70.

Barclays (NYSE:BCS) last posted its quarterly earnings results on Monday, April 27th. The financial services provider reported $0.76 earnings per share (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 analyst estimates of $10.88 billion. Barclays had a net margin of 21.10% and a return on equity of 8.12%. Equities research analysts predict that Barclays PLC will post 2.75 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.