Renaissance Technologies LLC Buys Shares of 3,863,986 Barclays PLC $BCS

Renaissance Technologies LLC bought a new position in shares of Barclays PLC (NYSE:BCS) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,863,986 shares of the financial services provider’s stock, valued at approximately $81,762,000.

Several other hedge funds and other institutional investors have also modified their holdings of BCS. Commonwealth Retirement Investments LLC bought a new stake in shares of Barclays during the 4th quarter valued at about $26,000. Caitong International Asset Management Co. Ltd bought a new position in Barclays in the fourth quarter worth about $26,000. SHP Wealth Management bought a new position in Barclays in the fourth quarter worth about $28,000. Advocate Investing Services LLC acquired a new position in Barclays in the fourth quarter valued at approximately $33,000. Finally, First Pacific Financial grew its holdings in shares of Barclays by 3,036.4% during the first quarter. First Pacific Financial now owns 1,725 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 1,670 shares during the last quarter. 3.39% of the stock is owned by institutional investors and hedge funds.

Barclays Stock Up 1.0%

Shares of NYSE:BCS opened at $27.93 on Friday. The company has a debt-to-equity ratio of 5.94, a quick ratio of 1.44 and a current ratio of 1.44. The company has a market cap of $95.21 billion, a PE ratio of 11.64, a price-to-earnings-growth ratio of 0.47 and a beta of 1.00. Barclays PLC has a 52 week low of $18.79 and a 52 week high of $28.43. The firm has a 50 day simple moving average of $26.06 and a 200 day simple moving average of $24.70.

Barclays (NYSE:BCS) last posted its quarterly earnings data on Monday, April 27th. The financial services provider reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.01. Barclays had a net margin of 21.10% and a return on equity of 8.12%. The firm had revenue of $5.07 billion during the quarter, compared to analyst estimates of $10.88 billion. As a group, research analysts expect that Barclays PLC will post 2.86 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Royal Bank Of Canada reiterated an “outperform” rating on shares of Barclays in a research report on Wednesday, April 29th. BNP Paribas Exane lowered Barclays from an “outperform” rating to a “neutral” rating in a research report on Tuesday, April 14th. Berenberg Bank started coverage on Barclays in a research note on Wednesday, June 24th. They set a “buy” rating for the company. Citigroup reaffirmed a “neutral” rating on shares of Barclays in a research report on Thursday, July 16th. Finally, Piper Sandler raised Barclays from an “overweight” rating to a “buy” rating in a report on Friday, June 12th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

Barclays Company Profile

Barclays PLC (NYSE: BCS) is a British multinational bank and financial services company headquartered in London. The firm provides a broad range of banking and financial products to individual, corporate and institutional customers. Its core activities span retail and business banking, credit cards and payments, corporate and investment banking, and wealth and investment management.

In retail and business banking, Barclays offers deposit accounts, mortgages, personal and business loans, and card services.