Provenance Wealth Advisors LLC Purchases New Position in Barclays PLC $BCS

Provenance Wealth Advisors LLC bought a new stake in Barclays PLC (NYSE:BCS) during the third quarter, Holdings Channel.com reports. The fund bought 35,396 shares of the financial services provider’s stock, valued at approximately $859,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BCS. Integrity Alliance LLC. acquired a new position in shares of Barclays in the 3rd quarter valued at $216,000. Profund Advisors LLC raised its holdings in shares of Barclays by 12.1% in the third quarter. Profund Advisors LLC now owns 27,034 shares of the financial services provider’s stock valued at $656,000 after buying an additional 2,919 shares during the last quarter. Vise Technologies Inc. acquired a new stake in shares of Barclays during the third quarter worth about $3,667,000. SYM FINANCIAL Corp increased its position in Barclays by 8.3% in the 3rd quarter. SYM FINANCIAL Corp now owns 15,284 shares of the financial services provider’s stock valued at $371,000 after acquiring an additional 1,171 shares during the period. Finally, Apollon Wealth Management LLC increased its position in Barclays by 13.5% in the 3rd quarter. Apollon Wealth Management LLC now owns 18,424 shares of the financial services provider’s stock valued at $447,000 after acquiring an additional 2,194 shares during the period. 3.39% of the stock is currently owned by institutional investors and hedge funds.

Barclays Trading Up 5.7%

Shares of BCS stock opened at $23.68 on Thursday. The stock has a market cap of $79.15 billion, a price-to-earnings ratio of 8.52, a price-to-earnings-growth ratio of 0.48 and a beta of 1.04. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 5.89. Barclays PLC has a fifty-two week low of $19.83 and a fifty-two week high of $28.68. The firm’s 50 day moving average price is $24.29 and its two-hundred day moving average price is $24.84.

Barclays (NYSE:BCS) last issued its quarterly earnings data on Wednesday, October 21st. The financial services provider reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). The company had revenue of $9.85 billion for the quarter, compared to analyst estimates of $10.10 billion. Barclays had a return on equity of 9.02% and a net margin of 22.74%. On average, analysts anticipate that Barclays PLC will post 2.77 EPS for the current year.

Wall Street Analysts Forecast Growth

BCS has been the topic of several recent research reports. Weiss Ratings cut shares of Barclays from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, October 23rd. Morgan Stanley lowered shares of Barclays from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, September 2nd. Citigroup reaffirmed a “neutral” rating on shares of Barclays in a research note on Thursday, July 16th. Finally, Bank of America cut Barclays from a “buy” rating to a “neutral” rating in a report on Tuesday, September 1st. Four analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Barclays has a consensus rating of “Hold”.

Barclays Profile

Barclays PLC is a diversified financial services company headquartered in London, England. Through its banking and financial services businesses, the company serves individuals, businesses, institutions and governments in the United Kingdom, the United States and other international markets.

Its principal activities include consumer and business banking, current and savings accounts, mortgages, personal loans, credit cards and payment services. Barclays also provides private banking and wealth management services, including investment management, financial planning and lending for high-net-worth clients.

Through its corporate and investment banking operations, Barclays offers corporate lending, transaction banking, financial advice, securities underwriting, sales and trading, research and capital-markets services.