Legacy Wealth Asset Management LLC Increases Stock Holdings in Barclays PLC (NYSE:BCS)

Legacy Wealth Asset Management LLC lifted its position in shares of Barclays PLC (NYSE:BCS) by 2.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 61,623 shares of the financial services provider’s stock after buying an additional 1,237 shares during the period. Legacy Wealth Asset Management LLC’s holdings in Barclays were worth $582,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BCS. Principal Securities Inc. purchased a new stake in Barclays in the fourth quarter valued at approximately $34,000. GAMMA Investing LLC boosted its holdings in Barclays by 51.7% in the first quarter. GAMMA Investing LLC now owns 4,411 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 1,503 shares during the period. Private Trust Co. NA increased its holdings in Barclays by 58.5% during the 4th quarter. Private Trust Co. NA now owns 5,421 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 2,000 shares during the period. Wetzel Investment Advisors Inc. purchased a new position in shares of Barclays in the 4th quarter valued at about $47,000. Finally, Blue Trust Inc. raised its holdings in Barclays by 23.7% in the fourth quarter. Blue Trust Inc. now owns 8,183 shares of the financial services provider’s stock valued at $64,000 after acquiring an additional 1,567 shares in the last quarter. Hedge funds and other institutional investors own 3.39% of the company’s stock.

Analysts Set New Price Targets

BCS has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Barclays in a research note on Thursday, May 9th. They issued a “buy” rating on the stock. StockNews.com cut shares of Barclays from a “buy” rating to a “hold” rating in a research note on Monday. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $190.00.

Barclays Stock Performance

Shares of BCS stock opened at $11.18 on Friday. The company’s fifty day simple moving average is $10.80 and its 200-day simple moving average is $9.24. The company has a market cap of $42.18 billion, a PE ratio of 8.34, a P/E/G ratio of 0.41 and a beta of 1.44. Barclays PLC has a 52 week low of $6.23 and a 52 week high of $11.42. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 6.15.

Barclays (NYSE:BCS) last announced its earnings results on Thursday, April 25th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.07. Barclays had a return on equity of 6.13% and a net margin of 17.21%. The business had revenue of $8.82 billion for the quarter. As a group, equities research analysts anticipate that Barclays PLC will post 1.6 EPS for the current year.

Barclays Profile

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.