Entropy Technologies LP Invests $1.04 Million in Barclays PLC $BCS

Entropy Technologies LP purchased a new stake in Barclays PLC (NYSE:BCS) in the first quarter, HoldingsChannel reports. The firm purchased 49,176 shares of the financial services provider’s stock, valued at approximately $1,041,000.

Other hedge funds have also modified their holdings of the company. Caitong International Asset Management Co. Ltd bought a new position in Barclays during the 4th quarter worth approximately $26,000. Commonwealth Retirement Investments LLC bought a new stake in Barclays in the fourth quarter valued at approximately $26,000. SHP Wealth Management bought a new stake in Barclays in the fourth quarter valued at approximately $28,000. Advocate Investing Services LLC acquired a new stake in Barclays in the fourth quarter worth $33,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Barclays during the fourth quarter worth $39,000. 3.39% of the stock is currently owned by institutional investors and hedge funds.

Barclays Trading Up 2.3%

Shares of NYSE:BCS opened at $28.55 on Tuesday. The firm has a market cap of $97.30 billion, a price-to-earnings ratio of 11.89, a PEG ratio of 0.47 and a beta of 1.00. Barclays PLC has a 12 month low of $18.79 and a 12 month high of $28.67. The company’s fifty day simple moving average is $26.17 and its 200 day simple moving average is $24.71. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 5.94.

Barclays (NYSE:BCS) last announced its earnings results on Monday, July 27th. The financial services provider reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.05. The firm had revenue of $312.66 million during the quarter, compared to analyst estimates of $10.78 billion. Barclays had a net margin of 21.10% and a return on equity of 8.12%. As a group, research analysts forecast that Barclays PLC will post 2.86 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Morgan Stanley reissued an “overweight” rating on shares of Barclays in a report on Thursday, July 2nd. Citigroup reaffirmed a “neutral” rating on shares of Barclays in a research note on Thursday, July 16th. Piper Sandler raised Barclays from an “overweight” rating to a “buy” rating in a research note on Friday, June 12th. BNP Paribas Exane downgraded Barclays from an “outperform” rating to a “neutral” rating in a report on Tuesday, April 14th. Finally, Berenberg Bank initiated coverage on Barclays in a research report on Wednesday, June 24th. They set a “buy” rating on the stock. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

About Barclays

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.