Burns Matteson Capital Management LLC Invests $150,000 in Barclays PLC (NYSE:BCS)

Burns Matteson Capital Management LLC bought a new stake in shares of Barclays PLC (NYSE:BCS) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 9,767 shares of the financial services provider’s stock, valued at approximately $150,000.

Several other large investors have also recently bought and sold shares of BCS. Charles Schwab Investment Management Inc. grew its holdings in shares of Barclays by 15.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 308,721 shares of the financial services provider’s stock worth $4,103,000 after purchasing an additional 40,437 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in Barclays by 36.8% during the 4th quarter. Farther Finance Advisors LLC now owns 3,762 shares of the financial services provider’s stock worth $50,000 after acquiring an additional 1,011 shares during the last quarter. Avantax Advisory Services Inc. grew its holdings in Barclays by 3.8% during the 4th quarter. Avantax Advisory Services Inc. now owns 29,814 shares of the financial services provider’s stock worth $396,000 after acquiring an additional 1,103 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in Barclays by 9.7% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 65,593 shares of the financial services provider’s stock worth $872,000 after acquiring an additional 5,781 shares during the last quarter. Finally, Corient Private Wealth LLC grew its holdings in Barclays by 1.8% during the 4th quarter. Corient Private Wealth LLC now owns 62,696 shares of the financial services provider’s stock worth $833,000 after acquiring an additional 1,105 shares during the last quarter. 3.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BCS has been the subject of a number of recent research reports. Royal Bank Of Canada reissued an “outperform” rating on shares of Barclays in a research note on Wednesday. Wall Street Zen downgraded shares of Barclays from a “buy” rating to a “hold” rating in a research report on Sunday, July 13th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Barclays has an average rating of “Moderate Buy”.

Barclays Trading Up 1.6%

Shares of Barclays stock opened at $19.02 on Friday. The firm has a 50-day moving average of $17.91 and a 200-day moving average of $15.93. The stock has a market cap of $67.34 billion, a PE ratio of 9.66, a PEG ratio of 0.45 and a beta of 1.10. Barclays PLC has a 52-week low of $10.23 and a 52-week high of $19.04. The company has a debt-to-equity ratio of 5.75, a quick ratio of 1.39 and a current ratio of 1.39.

Barclays (NYSE:BCS) last posted its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.04. Barclays had a net margin of 21.27% and a return on equity of 8.04%. The business had revenue of $10.32 billion during the quarter, compared to analysts’ expectations of $8.37 billion. As a group, sell-side analysts forecast that Barclays PLC will post 2 EPS for the current year.

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.