Barclays PLC $BCS Position Boosted by Parr Mcknight Wealth Management Group LLC

Parr Mcknight Wealth Management Group LLC boosted its holdings in shares of Barclays PLC (NYSE:BCS) by 22.3% in the 1st quarter, Holdings Channel reports. The firm owned 176,420 shares of the financial services provider’s stock after buying an additional 32,201 shares during the period. Parr Mcknight Wealth Management Group LLC’s holdings in Barclays were worth $3,733,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Diversify Wealth Management LLC increased its holdings in shares of Barclays by 41.6% in the first quarter. Diversify Wealth Management LLC now owns 139,806 shares of the financial services provider’s stock valued at $3,216,000 after buying an additional 41,063 shares in the last quarter. Ferguson Wellman Capital Management Inc. acquired a new position in shares of Barclays in the 1st quarter worth $24,704,000. Sequoia Financial Advisors LLC grew 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 worth $1,041,000 after acquiring an additional 2,883 shares during the last quarter. Whipplewood Advisors LLC lifted its holdings in shares of Barclays by 2,359.5% during the first quarter. Whipplewood Advisors LLC now owns 4,255 shares of the financial services provider’s stock valued at $90,000 after purchasing an additional 4,082 shares during the last quarter. Finally, Personal CFO Solutions LLC lifted its holdings in shares of Barclays by 7.5% during the first quarter. Personal CFO Solutions LLC now owns 31,328 shares of the financial services provider’s stock valued at $663,000 after purchasing an additional 2,175 shares during the last quarter. Institutional investors and hedge funds own 3.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on BCS shares. Morgan Stanley reissued an “overweight” rating on shares of Barclays in a research note on Thursday, July 2nd. Citigroup reissued a “neutral” rating on shares of Barclays in a research report on Thursday, April 23rd. Weiss Ratings downgraded shares of Barclays from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, April 21st. Berenberg Bank started coverage on shares of Barclays in a research report on Wednesday, June 24th. They set a “buy” rating on the stock. Finally, Piper Sandler upgraded Barclays from an “overweight” rating to a “buy” rating in a report on Friday, June 12th. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

Barclays Stock Up 0.0%

Shares of Barclays stock opened at $27.48 on Monday. The firm has a market cap of $93.69 billion, a price-to-earnings ratio of 11.45, a P/E/G ratio of 0.46 and a beta of 1.00. The stock has a 50-day simple moving average of $25.13 and a 200-day simple moving average of $24.54. Barclays PLC has a 52-week low of $18.33 and a 52-week high of $28.43. The company has a debt-to-equity ratio of 5.94, a current ratio of 1.44 and a quick ratio of 1.44.

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

Barclays 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.