Barclays PLC $BCS Shares Acquired by QRG Capital Management Inc.

QRG Capital Management Inc. increased its position in shares of Barclays PLC (NYSE:BCS) by 9.0% in the 1st quarter, Holdings Channel reports. The firm owned 422,472 shares of the financial services provider’s stock after purchasing an additional 34,860 shares during the period. QRG Capital Management Inc.’s holdings in Barclays were worth $8,940,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BCS. UMB Bank n.a. lifted its stake in shares of Barclays by 25.6% in the fourth quarter. UMB Bank n.a. now owns 2,186 shares of the financial services provider’s stock worth $56,000 after buying an additional 445 shares in the last quarter. Arkadios Wealth Advisors grew its position in shares of Barclays by 3.5% in the fourth quarter. Arkadios Wealth Advisors now owns 14,886 shares of the financial services provider’s stock valued at $379,000 after purchasing an additional 498 shares in the last quarter. Diversified Trust Co. increased its holdings in shares of Barclays by 0.4% in the fourth quarter. Diversified Trust Co. now owns 122,957 shares of the financial services provider’s stock valued at $3,129,000 after purchasing an additional 507 shares during the last quarter. Root Financial Partners LLC boosted its stake in Barclays by 13.6% during the fourth quarter. Root Financial Partners LLC now owns 4,315 shares of the financial services provider’s stock worth $110,000 after buying an additional 517 shares during the last quarter. Finally, Parallel Advisors LLC grew its holdings in Barclays by 2.7% in the 4th quarter. Parallel Advisors LLC now owns 19,703 shares of the financial services provider’s stock valued at $501,000 after buying an additional 520 shares in the last quarter. Institutional investors and hedge funds own 3.39% of the company’s stock.

Barclays Trading Down 0.1%

Shares of BCS stock opened at $27.74 on Friday. The stock has a market capitalization of $94.55 billion, a P/E ratio of 11.56, a price-to-earnings-growth ratio of 0.48 and a beta of 1.00. Barclays PLC has a fifty-two week low of $18.10 and a fifty-two week high of $28.00. The company has a debt-to-equity ratio of 5.94, a quick ratio of 1.44 and a current ratio of 1.44. The company has a 50 day moving average price of $24.68 and a 200 day moving average price of $24.44.

Barclays (NYSE:BCS) last issued its quarterly earnings results on Monday, April 27th. The financial services provider reported $0.76 EPS for the quarter, beating the consensus estimate of $0.75 by $0.01. The company had revenue of $5.07 billion during the quarter, compared to analysts’ expectations of $10.88 billion. Barclays had a net margin of 21.10% and a return on equity of 8.12%. Equities research analysts predict that Barclays PLC will post 2.83 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BCS. Royal Bank Of Canada reissued an “outperform” rating on shares of Barclays in a report on Wednesday, April 29th. Piper Sandler raised shares of Barclays from an “overweight” rating to a “buy” rating in a research note on Friday, June 12th. Zacks Research downgraded shares of Barclays from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 19th. Berenberg Bank began coverage on Barclays in a report on Wednesday, June 24th. They issued a “buy” rating on the stock. Finally, Citigroup restated a “neutral” rating on shares of Barclays in a research report on Thursday, April 23rd. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Barclays presently has a consensus rating of “Moderate Buy”.

Barclays Company Profile

Barclays PLC (NYSE: BCS) is a British multinational bank and financial services company headquartered in London. The firm provides a broad range of banking and financial products to individual, corporate and institutional customers. Its core activities span retail and business banking, credit cards and payments, corporate and investment banking, and wealth and investment management.

In retail and business banking, Barclays offers deposit accounts, mortgages, personal and business loans, and card services.