TrueMark Investments LLC Invests $702,000 in Barclays PLC (NYSE:BCS)

TrueMark Investments LLC bought a new stake in shares of Barclays PLC (NYSE:BCS) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 45,682 shares of the financial services provider's stock, valued at approximately $702,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Lindbrook Capital LLC increased its position in Barclays by 7.7% during the fourth quarter. Lindbrook Capital LLC now owns 9,476 shares of the financial services provider's stock valued at $126,000 after acquiring an additional 674 shares during the last quarter. D Orazio & Associates Inc. boosted its stake in shares of Barclays by 2.1% during the 1st quarter. D Orazio & Associates Inc. now owns 36,873 shares of the financial services provider's stock worth $566,000 after purchasing an additional 759 shares during the period. Covenant Partners LLC grew its holdings in Barclays by 0.8% during the 4th quarter. Covenant Partners LLC now owns 102,166 shares of the financial services provider's stock valued at $1,358,000 after purchasing an additional 772 shares during the last quarter. Forum Financial Management LP raised its position in Barclays by 1.8% in the 4th quarter. Forum Financial Management LP now owns 48,199 shares of the financial services provider's stock worth $641,000 after purchasing an additional 874 shares during the period. Finally, Lake Street Advisors Group LLC raised its position in Barclays by 2.2% in the 4th quarter. Lake Street Advisors Group LLC now owns 40,500 shares of the financial services provider's stock worth $538,000 after purchasing an additional 880 shares during the period. Hedge funds and other institutional investors own 3.39% of the company's stock.

Wall Street Analysts Forecast Growth

BCS has been the topic of a number of analyst reports. BNP Paribas raised Barclays from a "neutral" rating to an "outperform" rating in a research note 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 Trading Down 0.6%

NYSE BCS opened at $17.56 on Monday. The stock has a market cap of $62.46 billion, a PE ratio of 8.91, a PEG ratio of 0.43 and a beta of 1.11. Barclays PLC has a 12 month low of $10.23 and a 12 month high of $18.23. The company's 50-day moving average price is $16.81 and its 200-day moving average price is $15.29. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 5.75.

Barclays (NYSE:BCS - Get Free Report) last issued its 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. Barclays had a net margin of 21.27% and a return on equity of 8.04%. The business had revenue of $10.32 billion for the quarter, compared to the consensus estimate of $8.37 billion. Equities research analysts forecast that Barclays PLC will post 2 earnings per share 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.

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