Rehmann Capital Advisory Group Increases Holdings in Barclays PLC (NYSE:BCS)

Rehmann Capital Advisory Group boosted its position in Barclays PLC (NYSE:BCS - Free Report) by 40.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 52,142 shares of the financial services provider's stock after purchasing an additional 15,111 shares during the quarter. Rehmann Capital Advisory Group's holdings in Barclays were worth $801,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Valeo Financial Advisors LLC increased its holdings in shares of Barclays by 14.7% in the first quarter. Valeo Financial Advisors LLC now owns 21,230 shares of the financial services provider's stock valued at $326,000 after purchasing an additional 2,724 shares during the last quarter. M&T Bank Corp increased its stake in Barclays by 14.3% during the first quarter. M&T Bank Corp now owns 23,607 shares of the financial services provider's stock worth $362,000 after acquiring an additional 2,955 shares during the last quarter. Pekin Hardy Strauss Inc. acquired a new stake in Barclays during the first quarter worth $169,000. Callan Capital LLC increased its stake in Barclays by 16.5% during the first quarter. Callan Capital LLC now owns 23,226 shares of the financial services provider's stock worth $357,000 after acquiring an additional 3,296 shares during the last quarter. Finally, Concurrent Investment Advisors LLC increased its stake in Barclays by 63.5% during the first quarter. Concurrent Investment Advisors LLC now owns 33,537 shares of the financial services provider's stock worth $515,000 after acquiring an additional 13,025 shares during the last quarter. Institutional investors and hedge funds own 3.39% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised Barclays from a "hold" rating to a "buy" rating in a research note on Saturday, July 5th.

Barclays Trading Up 1.0%

Shares of BCS traded up $0.19 during midday trading on Thursday, hitting $18.82. 14,252,640 shares of the stock were exchanged, compared to its average volume of 15,063,159. Barclays PLC has a 52-week low of $10.23 and a 52-week high of $18.82. The stock has a fifty day simple moving average of $17.60 and a 200 day simple moving average of $15.71. The firm has a market cap of $66.94 billion, a P/E ratio of 9.55, a P/E/G ratio of 0.44 and a beta of 1.10. The company has a debt-to-equity ratio of 5.75, a quick ratio of 1.39 and a current ratio of 1.39.

Barclays (NYSE:BCS - Get Free Report) last released its earnings results on Wednesday, April 30th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.04. The firm had revenue of $10.32 billion during the quarter, compared to analyst estimates of $8.37 billion. Barclays had a return on equity of 8.04% and a net margin of 21.27%. On average, research analysts anticipate that Barclays PLC will post 2 EPS for the current fiscal year.

Barclays Company Profile

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.