Barclays PLC $BCS Holdings Raised by Dorsey Wright & Associates

Dorsey Wright & Associates increased its stake in Barclays PLC (NYSE:BCS) by 39.1% in the 1st quarter, HoldingsChannel reports. The fund owned 148,998 shares of the financial services provider’s stock after acquiring an additional 41,864 shares during the period. Dorsey Wright & Associates’ holdings in Barclays were worth $3,153,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of BCS. Assetmark Inc. boosted its stake in shares of Barclays by 55.4% during the 1st quarter. Assetmark Inc. now owns 210,750 shares of the financial services provider’s stock worth $4,459,000 after acquiring an additional 75,116 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Barclays by 11.8% in the 1st quarter. Bank of New York Mellon Corp now owns 706,580 shares of the financial services provider’s stock valued at $14,951,000 after acquiring an additional 74,738 shares in the last quarter. Bleakley Financial Group LLC lifted its position in shares of Barclays by 2.6% in the 1st quarter. Bleakley Financial Group LLC now owns 22,623 shares of the financial services provider’s stock valued at $479,000 after acquiring an additional 578 shares in the last quarter. Parr Mcknight Wealth Management Group LLC boosted its stake in Barclays by 22.3% in the 1st quarter. Parr Mcknight Wealth Management Group LLC now owns 176,420 shares of the financial services provider’s stock worth $3,733,000 after purchasing an additional 32,201 shares during the period. Finally, Diversify Wealth Management LLC grew its position 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 purchasing an additional 41,063 shares in the last quarter. 3.39% of the stock is owned by institutional investors and hedge funds.

Barclays Stock Performance

Shares of BCS opened at $27.86 on Friday. The firm has a market cap of $94.95 billion, a price-to-earnings ratio of 11.61, a price-to-earnings-growth ratio of 0.48 and a beta of 1.00. The company’s fifty day moving average is $25.56 and its 200-day moving average is $24.62. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 5.94. Barclays PLC has a 12 month low of $18.68 and a 12 month high of $28.43.

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

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on BCS. Piper Sandler raised shares of Barclays from an “overweight” rating to a “buy” rating in a research note on Friday, June 12th. Weiss Ratings downgraded Barclays from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, April 21st. Berenberg Bank assumed coverage on Barclays in a research report on Wednesday, June 24th. They set a “buy” rating on the stock. BNP Paribas Exane downgraded Barclays from an “outperform” rating to a “neutral” rating in a research note on Tuesday, April 14th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Barclays in a research report on Wednesday, April 29th. Five investment 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 stock currently has an average rating of “Moderate Buy”.

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.