GAMMA Investing LLC Acquires 232,845 Shares of Barclays PLC (NYSE:BCS)

GAMMA Investing LLC grew its stake in shares of Barclays PLC (NYSE:BCS - Free Report) by 1,703.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 246,513 shares of the financial services provider's stock after buying an additional 232,845 shares during the period. GAMMA Investing LLC's holdings in Barclays were worth $3,786,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Henry James International Management Inc. bought a new stake in Barclays during the 4th quarter valued at approximately $438,000. ABC Arbitrage SA bought a new stake in Barclays in the 4th quarter worth approximately $21,514,000. Allspring Global Investments Holdings LLC increased its stake in Barclays by 3,073.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 689,413 shares of the financial services provider's stock worth $9,052,000 after acquiring an additional 667,687 shares during the last quarter. Neuberger Berman Group LLC increased its stake in Barclays by 51.0% in the 4th quarter. Neuberger Berman Group LLC now owns 579,964 shares of the financial services provider's stock worth $7,708,000 after acquiring an additional 195,825 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in Barclays by 14.7% in the 4th quarter. Envestnet Asset Management Inc. now owns 3,063,126 shares of the financial services provider's stock worth $40,709,000 after acquiring an additional 391,899 shares during the last quarter. Institutional investors own 3.39% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on BCS shares. BNP Paribas raised Barclays from a "neutral" rating to an "outperform" rating in a research note on Tuesday, March 4th. Wall Street Zen downgraded Barclays from a "buy" rating to a "hold" rating in a research report on Thursday, February 27th.

Barclays Trading Down 2.1%

Shares of NYSE BCS traded down $0.37 during trading hours on Friday, hitting $17.40. 9,992,165 shares of the company traded hands, compared to its average volume of 14,693,077. The stock has a market capitalization of $61.89 billion, a price-to-earnings ratio of 9.45, a price-to-earnings-growth ratio of 0.39 and a beta of 1.11. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 5.33. The company's 50 day moving average price is $16.41 and its 200 day moving average price is $15.14. Barclays PLC has a 12 month low of $10.23 and a 12 month high of $18.23.

Barclays (NYSE:BCS - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.65 EPS for the quarter, beating the consensus estimate of $0.61 by $0.04. The company had revenue of $10.32 billion for the quarter, compared to the consensus estimate of $8.37 billion. Barclays had a return on equity of 7.74% and a net margin of 20.81%. On average, equities research analysts anticipate that Barclays PLC will post 2 earnings per share for the current fiscal year.

Barclays Company 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.