Compound Planning Inc. Takes Position in Barclays PLC $BCS

Compound Planning Inc. purchased a new position in Barclays PLC (NYSE:BCS) during the first quarter, HoldingsChannel.com reports. The fund purchased 75,657 shares of the financial services provider’s stock, valued at approximately $1,601,000.

A number of other large investors also recently modified their holdings of BCS. Lido Advisors LLC lifted its stake in Barclays by 14.3% in the 1st quarter. Lido Advisors LLC now owns 11,668 shares of the financial services provider’s stock worth $247,000 after purchasing an additional 1,463 shares in the last quarter. Cetera Investment Advisers boosted its holdings in Barclays by 29.9% in the 1st quarter. Cetera Investment Advisers now owns 216,261 shares of the financial services provider’s stock valued at $4,576,000 after purchasing an additional 49,841 shares during the period. Militia Capital Management LLC purchased a new position in shares of Barclays during the 1st quarter valued at $2,116,000. NewEdge Wealth LLC grew its position in shares of Barclays by 10.4% during the 1st quarter. NewEdge Wealth LLC now owns 79,021 shares of the financial services provider’s stock valued at $1,672,000 after purchasing an additional 7,424 shares in the last quarter. Finally, First Trust Advisors LP increased its holdings in shares of Barclays by 6.5% in the first quarter. First Trust Advisors LP now owns 65,111 shares of the financial services provider’s stock worth $1,378,000 after purchasing an additional 3,950 shares during the period. 3.39% of the stock is currently owned by institutional investors.

Barclays Stock Performance

NYSE BCS opened at $27.93 on Friday. Barclays PLC has a 52-week low of $18.79 and a 52-week high of $28.43. The company has a debt-to-equity ratio of 5.94, a quick ratio of 1.44 and a current ratio of 1.44. The company has a market capitalization of $95.21 billion, a P/E ratio of 11.64, a P/E/G ratio of 0.47 and a beta of 1.00. The company has a fifty day moving average of $26.06 and a 200-day moving average of $24.70.

Barclays (NYSE:BCS) last announced its earnings results on Monday, April 27th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.01. The company 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%. As a group, equities research analysts predict that Barclays PLC will post 2.86 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BCS has been the subject of several research analyst reports. Royal Bank Of Canada reissued an “outperform” rating on shares of Barclays in a research note on Wednesday, April 29th. Berenberg Bank initiated coverage on Barclays in a research note on Wednesday, June 24th. They issued a “buy” rating on the stock. Citigroup reaffirmed a “neutral” rating on shares of Barclays in a report on Thursday, July 16th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Barclays in a research report on Friday, July 17th. Finally, Piper Sandler raised Barclays from an “overweight” rating to a “buy” rating in a report on Friday, June 12th. Five 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 currently has a consensus rating of “Moderate Buy”.

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.