Redhawk Wealth Advisors Inc. Acquires 29,821 Shares of Barclays PLC (NYSE:BCS)

Redhawk Wealth Advisors Inc. grew its stake in shares of Barclays PLC (NYSE:BCS - Free Report) by 67.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 74,362 shares of the financial services provider's stock after acquiring an additional 29,821 shares during the quarter. Redhawk Wealth Advisors Inc.'s holdings in Barclays were worth $1,142,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of BCS. Bank of America Corp DE increased its position in shares of Barclays by 485.0% during the fourth quarter. Bank of America Corp DE now owns 6,680,869 shares of the financial services provider's stock valued at $88,789,000 after acquiring an additional 5,538,912 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Barclays in the 4th quarter worth about $59,373,000. Deutsche Bank AG purchased a new position in Barclays in the 4th quarter worth about $50,189,000. Bank of Montreal Can lifted its stake in Barclays by 667.4% during the 4th quarter. Bank of Montreal Can now owns 3,603,127 shares of the financial services provider's stock valued at $47,886,000 after acquiring an additional 3,133,632 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in shares of Barclays by 423.9% during the 4th quarter. Wells Fargo & Company MN now owns 2,897,984 shares of the financial services provider's stock valued at $38,514,000 after acquiring an additional 2,344,858 shares during the last quarter. 3.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BCS has been the topic of a number of research analyst reports. BNP Paribas upgraded shares of Barclays from a "neutral" rating to an "outperform" rating in a research report on Tuesday, March 4th. Wall Street Zen cut Barclays from a "buy" rating to a "hold" rating in a report on Thursday, February 27th.

Barclays Stock Performance

BCS stock traded up $0.19 during midday trading on Thursday, reaching $17.74. 9,908,240 shares of the company's stock traded hands, compared to its average volume of 14,719,172. Barclays PLC has a 52-week low of $10.17 and a 52-week high of $18.23. The stock's 50-day moving average is $16.22 and its 200 day moving average is $15.06. 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 stock has a market cap of $63.12 billion, a P/E ratio of 9.64, a PEG ratio of 0.39 and a beta of 1.11.

Barclays (NYSE:BCS - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.65 EPS for the quarter, topping analysts' consensus estimates of $0.61 by $0.04. The business had revenue of $10.32 billion during the quarter, compared to analysts' expectations of $8.37 billion. Barclays had a return on equity of 7.74% and a net margin of 20.81%. As a group, analysts anticipate 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.