Barclays PLC (NYSE:BCS) Shares Acquired by QRG Capital Management Inc.

QRG Capital Management Inc. increased its position in shares of Barclays PLC (NYSE:BCS) by 179.6% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 480,118 shares of the financial services provider’s stock after buying an additional 308,390 shares during the period. QRG Capital Management Inc.’s holdings in Barclays were worth $4,537,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Sei Investments Co. increased its position in shares of Barclays by 26.0% during the first quarter. Sei Investments Co. now owns 1,238,789 shares of the financial services provider’s stock worth $11,706,000 after acquiring an additional 255,300 shares during the last quarter. Atomi Financial Group Inc. acquired a new stake in Barclays during the 1st quarter valued at approximately $208,000. Envestnet Portfolio Solutions Inc. increased its holdings in Barclays by 18.2% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 50,312 shares of the financial services provider’s stock worth $475,000 after purchasing an additional 7,734 shares during the last quarter. ACR Alpine Capital Research LLC raised its position in shares of Barclays by 14.8% in the 1st quarter. ACR Alpine Capital Research LLC now owns 1,069,922 shares of the financial services provider’s stock valued at $10,111,000 after purchasing an additional 138,064 shares in the last quarter. Finally, Callan Capital LLC purchased a new position in shares of Barclays during the 1st quarter valued at approximately $109,000. Institutional investors and hedge funds own 3.39% of the company’s stock.

Analyst Ratings Changes

BCS has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft began coverage on shares of Barclays in a report on Thursday, May 9th. They issued a “buy” rating on the stock. StockNews.com upgraded shares of Barclays from a “hold” rating to a “buy” rating in a research note on Tuesday, July 9th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Barclays Stock Performance

Shares of BCS stock traded up $0.14 on Wednesday, hitting $12.04. 4,368,298 shares of the stock traded hands, compared to its average volume of 15,268,767. The company’s fifty day moving average is $10.99 and its 200 day moving average is $9.47. Barclays PLC has a 1-year low of $6.23 and a 1-year high of $12.11. The company has a market capitalization of $44.61 billion, a PE ratio of 8.88, a PEG ratio of 0.42 and a beta of 1.44. The company has a debt-to-equity ratio of 6.15, a current ratio of 1.39 and a quick ratio of 1.39.

Barclays (NYSE:BCS) last issued its earnings results on Thursday, April 25th. The financial services provider reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.07. Barclays had a net margin of 17.21% and a return on equity of 6.13%. The company had revenue of $8.82 billion for the quarter. On average, equities research analysts predict that Barclays PLC will post 1.6 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.