Barclays PLC $BCS Shares Acquired by Parr Mcknight Wealth Management Group LLC

Parr Mcknight Wealth Management Group LLC lifted its stake in shares of Barclays PLC (NYSE:BCS) by 22.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 176,420 shares of the financial services provider’s stock after purchasing an additional 32,201 shares during the period. Parr Mcknight Wealth Management Group LLC’s holdings in Barclays were worth $3,733,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of BCS. Diversify Wealth Management LLC lifted its holdings in Barclays by 41.6% during the 1st quarter. Diversify Wealth Management LLC now owns 139,806 shares of the financial services provider’s stock worth $3,216,000 after buying an additional 41,063 shares during the last quarter. Ferguson Wellman Capital Management Inc. bought a new stake in shares of Barclays in the 1st quarter valued at approximately $24,704,000. Sequoia Financial Advisors LLC increased its holdings in shares of Barclays by 6.2% in the 1st quarter. Sequoia Financial Advisors LLC now owns 49,200 shares of the financial services provider’s stock valued at $1,041,000 after acquiring an additional 2,883 shares during the last quarter. Whipplewood Advisors LLC raised its position in shares of Barclays by 2,359.5% during the 1st quarter. Whipplewood Advisors LLC now owns 4,255 shares of the financial services provider’s stock valued at $90,000 after acquiring an additional 4,082 shares in the last quarter. Finally, Personal CFO Solutions LLC lifted its stake in Barclays by 7.5% during the first quarter. Personal CFO Solutions LLC now owns 31,328 shares of the financial services provider’s stock worth $663,000 after purchasing an additional 2,175 shares during the last quarter. 3.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Citigroup reaffirmed a “neutral” rating on shares of Barclays in a report on Thursday, April 23rd. Royal Bank Of Canada reiterated an “outperform” rating on shares of Barclays in a research note on Wednesday, April 29th. Morgan Stanley restated an “overweight” rating on shares of Barclays in a research note on Thursday, July 2nd. Piper Sandler upgraded Barclays from an “overweight” rating to a “buy” rating in a research report on Friday, June 12th. Finally, Berenberg Bank initiated coverage on Barclays in a research report on Wednesday, June 24th. They set a “buy” rating for the company. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Barclays Trading Up 0.0%

Shares of NYSE:BCS opened at $27.48 on Monday. The company has a 50 day moving average of $25.13 and a 200-day moving average of $24.54. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 5.94. The firm has a market cap of $93.69 billion, a P/E ratio of 11.45, a P/E/G ratio of 0.46 and a beta of 1.00. Barclays PLC has a twelve month low of $18.33 and a twelve month high of $28.43.

Barclays (NYSE:BCS) last announced its earnings results on Monday, April 27th. The financial services provider reported $0.76 EPS for the quarter, topping the consensus estimate of $0.75 by $0.01. The firm had revenue of $5.07 billion for the quarter, compared to analysts’ expectations of $10.88 billion. Barclays had a return on equity of 8.12% and a net margin of 21.10%. As a group, analysts anticipate that Barclays PLC will post 2.86 earnings per share for the current fiscal year.

About Barclays

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.