5 Stocks to Buy According to Centiva Capital

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In this article, we discuss 5 stocks to buy according to Centiva Capital. If you want to check out a detailed analysis of the fund’s investment philosophy and recent portfolio allocation strategies, go directly to 10 Stocks to Buy According to Centiva Capital.

5. Barclays PLC (NYSE:BCS)

Centiva Capital’s Stake Value: $10,635,000
Percentage of Centiva Capital’s 13F Portfolio: 0.2%
Number of Hedge Fund Holders: 16

Barclays PLC (NYSE:BCS) is an investment bank based in the UK, with broad revenue exposure to retail banking, private banking, investment banking, wealth management, and overseas markets. On August 5, Morgan Stanley analyst Alvaro Serrano boosted his price objective on Barclays PLC (NYSE:BCS) from 200 GBp to 210 GBp, while retaining an ‘Equal Weight’ rating on the stock.

Barclays PLC (NYSE:BCS) posted its financial results for the second quarter on July 28, reporting EPS of £0.148, vs. EPS of £0.084 for the first quarter of 2022. Income over the period rose by 16.6% compared to the previous year’s quarter, reaching £13.2 billion.

According to Insider Monkey’s first quarter database, 16 hedge funds placed long bets on Barclays PLC (NYSE:BCS), compared to 11 funds in the earlier quarter. The total stakes owned in the first quarter amounted to $121 million, up from $86.8 million in the fourth quarter of 2021. Thomas Bailard’s Bailard Inc is a prominent shareholder of Barclays PLC (NYSE:BCS), with 22,000 shares worth approximately $766,000.



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