Arkadios Wealth Advisors Invests $269,000 in Barclays PLC (NYSE:BCS)

Arkadios Wealth Advisors purchased a new stake in shares of Barclays PLC (NYSE:BCS) during the 3rd quarter, Holdings Channel reports. The fund purchased 22,103 shares of the financial services provider’s stock, valued at approximately $269,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BCS. Rothschild Investment LLC bought a new stake in shares of Barclays during the 2nd quarter valued at $30,000. EverSource Wealth Advisors LLC grew its stake in shares of Barclays by 71.8% during the first quarter. EverSource Wealth Advisors LLC now owns 3,647 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 1,524 shares during the period. Symphony Financial Ltd. Co. acquired a new position in Barclays in the third quarter valued at about $42,000. EntryPoint Capital LLC acquired a new position in Barclays in the first quarter valued at about $48,000. Finally, Hexagon Capital Partners LLC boosted its holdings in Barclays by 32.4% during the third quarter. Hexagon Capital Partners LLC now owns 4,624 shares of the financial services provider’s stock worth $56,000 after buying an additional 1,132 shares during the last quarter. 3.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BCS has been the topic of a number of analyst reports. The Goldman Sachs Group started coverage on shares of Barclays in a research report on Tuesday, October 8th. They issued a “buy” rating on the stock. StockNews.com raised shares of Barclays from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Finally, Kepler Capital Markets began coverage on shares of Barclays in a research report on Thursday, September 5th. They issued a “buy” rating for the company.

Barclays Trading Down 2.4 %

NYSE BCS opened at $12.40 on Friday. The company has a debt-to-equity ratio of 5.98, a current ratio of 1.39 and a quick ratio of 1.39. The stock’s 50-day moving average is $12.18 and its 200-day moving average is $11.38. Barclays PLC has a one year low of $6.27 and a one year high of $13.20. The firm has a market cap of $45.14 billion, a P/E ratio of 8.44, a P/E/G ratio of 0.68 and a beta of 1.42.

Barclays (NYSE:BCS) last announced its earnings results on Thursday, October 24th. The financial services provider reported $0.56 EPS for the quarter. Barclays had a net margin of 16.83% and a return on equity of 5.94%. The firm had revenue of $8.52 billion for the quarter. During the same quarter last year, the business posted $0.42 earnings per share. Sell-side analysts anticipate that Barclays PLC will post 1.63 earnings per share for the current fiscal 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.