Y Intercept Hong Kong Ltd Purchases Shares of 745,343 Barclays PLC $BCS

Y Intercept Hong Kong Ltd acquired a new position in Barclays PLC (NYSE:BCS) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 745,343 shares of the financial services provider’s stock, valued at approximately $15,771,000.

A number of other institutional investors also recently made changes to their positions in BCS. Commonwealth Retirement Investments LLC purchased a new position in Barclays in the 4th quarter worth $26,000. Caitong International Asset Management Co. Ltd purchased a new stake in Barclays during the fourth quarter valued at about $26,000. SHP Wealth Management bought a new position in shares of Barclays during the fourth quarter valued at about $28,000. Advocate Investing Services LLC purchased a new position in shares of Barclays in the fourth quarter worth about $33,000. Finally, First Pacific Financial increased its holdings in shares of Barclays by 3,036.4% in the first quarter. First Pacific Financial now owns 1,725 shares of the financial services provider’s stock worth $37,000 after buying an additional 1,670 shares during the period. Hedge funds and other institutional investors own 3.39% of the company’s stock.

Barclays Stock Up 1.7%

NYSE BCS opened at $27.74 on Friday. Barclays PLC has a 1 year low of $18.10 and a 1 year high of $28.00. The stock has a market capitalization of $94.55 billion, a PE ratio of 11.56, a PEG ratio of 0.47 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. The business’s 50-day moving average is $24.59 and its 200 day moving average is $24.42.

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

Wall Street Analyst Weigh In

BCS has been the subject of several analyst reports. Berenberg Bank assumed coverage on Barclays in a report on Wednesday, June 24th. They set a “buy” rating for the company. Piper Sandler raised Barclays from an “overweight” rating to a “buy” rating in a research note on Friday, June 12th. Weiss Ratings downgraded Barclays from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, April 21st. Royal Bank Of Canada reissued an “outperform” rating on shares of Barclays in a research note on Wednesday, April 29th. Finally, Zacks Research cut shares of Barclays from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 19th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Barclays currently has an average 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.