Perigon Wealth Management LLC Has $167,000 Stock Holdings in Barclays PLC (NYSE:BCS)

Perigon Wealth Management LLC lowered its position in Barclays PLC (NYSE:BCS) by 8.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,844 shares of the financial services provider’s stock after selling 969 shares during the period. Perigon Wealth Management LLC’s holdings in Barclays were worth $167,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Bank of America Corp DE increased its position in Barclays by 485.0% during the fourth quarter. Bank of America Corp DE now owns 6,680,869 shares of the financial services provider’s stock worth $88,789,000 after buying an additional 5,538,912 shares during the last quarter. Northern Trust Corp grew its position in shares of Barclays by 20.5% in the fourth quarter. Northern Trust Corp now owns 6,059,544 shares of the financial services provider’s stock valued at $80,531,000 after purchasing an additional 1,029,401 shares during the last quarter. Causeway Capital Management LLC grew its position in shares of Barclays by 8.9% in the fourth quarter. Causeway Capital Management LLC now owns 5,930,467 shares of the financial services provider’s stock valued at $78,816,000 after purchasing an additional 484,497 shares during the last quarter. American Century Companies Inc. grew its position in shares of Barclays by 9.8% in the fourth quarter. American Century Companies Inc. now owns 5,635,864 shares of the financial services provider’s stock valued at $74,901,000 after purchasing an additional 505,351 shares during the last quarter. Finally, Natixis Advisors LLC grew its position in shares of Barclays by 39.5% in the fourth quarter. Natixis Advisors LLC now owns 4,974,981 shares of the financial services provider’s stock valued at $66,117,000 after purchasing an additional 1,409,948 shares during the last quarter. Institutional investors and hedge funds own 3.39% of the company’s stock.

Analysts Set New Price Targets

Separately, BNP Paribas upgraded shares of Barclays from a “neutral” rating to an “outperform” rating in a research report on Tuesday, March 4th.

Barclays Stock Down 1.4%

NYSE BCS opened at $18.33 on Wednesday. The stock’s 50 day moving average is $17.32 and its two-hundred day moving average is $15.51. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 5.75. The company has a market capitalization of $65.22 billion, a price-to-earnings ratio of 9.30, a PEG ratio of 0.45 and a beta of 1.10. Barclays PLC has a 1-year low of $10.23 and a 1-year high of $18.75.

Barclays (NYSE:BCS) last released its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.04. The business had revenue of $10.32 billion for the quarter, compared to analyst estimates of $8.37 billion. Barclays had a return on equity of 8.04% and a net margin of 21.27%. Equities analysts forecast that Barclays PLC will post 2 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.