Belpointe Asset Management LLC Purchases Shares of 5,383 Barclays PLC (NYSE:BCS)

Belpointe Asset Management LLC purchased a new stake in shares of Barclays PLC (NYSE:BCS) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,383 shares of the financial services provider’s stock, valued at approximately $42,000.

Several other institutional investors have also added to or reduced their stakes in the business. Ronald Blue Trust Inc. boosted its holdings in shares of Barclays by 130.0% during the fourth quarter. Ronald Blue Trust Inc. now owns 27,692 shares of the financial services provider’s stock worth $177,000 after purchasing an additional 15,653 shares during the period. Schechter Investment Advisors LLC boosted its holdings in shares of Barclays by 11.7% during the third quarter. Schechter Investment Advisors LLC now owns 144,771 shares of the financial services provider’s stock worth $926,000 after purchasing an additional 15,193 shares during the period. Quantinno Capital Management LP purchased a new stake in shares of Barclays during the third quarter worth about $72,000. Strategic Global Advisors LLC boosted its holdings in shares of Barclays by 4.8% during the third quarter. Strategic Global Advisors LLC now owns 56,645 shares of the financial services provider’s stock worth $363,000 after purchasing an additional 2,608 shares during the period. Finally, Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Barclays during the fourth quarter worth about $80,000. 3.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Royal Bank of Canada raised shares of Barclays from a “sector perform” rating to an “outperform” rating in a research note on Friday, May 12th. StockNews.com initiated coverage on shares of Barclays in a report on Thursday, May 18th. They set a “buy” rating for the company. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Barclays currently has a consensus rating of “Moderate Buy” and a consensus target price of $215.00.

Barclays Price Performance

Shares of NYSE BCS opened at $7.84 on Thursday. Barclays PLC has a twelve month low of $5.89 and a twelve month high of $9.44. The firm has a market cap of $31.12 billion, a P/E ratio of 4.84 and a beta of 1.37. The company has a 50 day moving average of $7.51 and a 200 day moving average of $7.96. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 5.89.

Barclays Company Profile

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Barclays Plc operates as a bank holding company, which engages in the provision of retail banking, credit cards, corporate and investment banking, and wealth management services. The firm operates through Barclays UK and Barclays International segments. The Barclays UK segment consists the U.K. retail banking operations, U.K.