Perigon Wealth Management LLC Purchases New Stake in Barclays PLC (NYSE:BCS)

Perigon Wealth Management LLC purchased a new stake in Barclays PLC (NYSE:BCS) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 11,813 shares of the financial services provider’s stock, valued at approximately $165,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of BCS. Brooklyn Investment Group bought a new stake in Barclays in the fourth quarter valued at approximately $26,000. Symphony Financial Ltd. Co. acquired a new position in Barclays in the third quarter valued at approximately $42,000. Versant Capital Management Inc acquired a new position in Barclays in the fourth quarter valued at approximately $44,000. Hexagon Capital Partners LLC lifted its stake in Barclays by 32.4% in the third quarter. Hexagon Capital Partners LLC now owns 4,624 shares of the financial services provider’s stock valued at $56,000 after buying an additional 1,132 shares during the period. Finally, GAMMA Investing LLC lifted its stake in Barclays by 42.6% in the third quarter. GAMMA Investing LLC now owns 9,280 shares of the financial services provider’s stock valued at $113,000 after buying an additional 2,774 shares during the period. Institutional investors and hedge funds own 3.39% of the company’s stock.

Barclays Trading Down 1.9 %

Shares of BCS opened at $14.41 on Tuesday. The company has a debt-to-equity ratio of 5.67, a quick ratio of 1.35 and a current ratio of 1.35. The firm has a market cap of $51.97 billion, a P/E ratio of 9.80, a price-to-earnings-growth ratio of 0.44 and a beta of 1.40. Barclays PLC has a fifty-two week low of $7.07 and a fifty-two week high of $14.92. The business has a 50-day moving average of $13.61 and a 200 day moving average of $12.68.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. StockNews.com lowered Barclays from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 16th. The Goldman Sachs Group initiated coverage on Barclays in a research report on Tuesday, October 8th. They set a “buy” rating on the stock.

Barclays 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.