Merit Financial Group LLC acquired a new stake in shares of Barclays PLC (NYSE:BCS - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 39,884 shares of the financial services provider's stock, valued at approximately $613,000.
A number of other hedge funds have also recently made changes to their positions in the business. Activest Wealth Management bought a new stake in Barclays in the 4th quarter worth about $33,000. Sierra Ocean LLC bought a new stake in Barclays during the 4th quarter valued at $38,000. TD Private Client Wealth LLC lifted its holdings in Barclays by 135.5% during the 4th quarter. TD Private Client Wealth LLC now owns 2,916 shares of the financial services provider's stock worth $39,000 after purchasing an additional 1,678 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Barclays by 36.8% in the fourth quarter. Farther Finance Advisors LLC now owns 3,762 shares of the financial services provider's stock worth $50,000 after buying an additional 1,011 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in shares of Barclays in the fourth quarter worth $71,000. 3.39% of the stock is currently owned by institutional investors and hedge funds.
Barclays Price Performance
BCS traded down $0.54 during trading on Tuesday, reaching $17.59. The stock had a trading volume of 11,657,299 shares, compared to its average volume of 17,885,088. The business has a 50-day moving average of $16.07 and a 200-day moving average of $15.03. Barclays PLC has a one year low of $10.17 and a one year high of $18.23. The company has a debt-to-equity ratio of 5.33, a quick ratio of 1.29 and a current ratio of 1.29. The stock has a market cap of $62.57 billion, a PE ratio of 9.56, a PEG ratio of 0.39 and a beta of 1.11.
Barclays (NYSE:BCS - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.65 EPS for the quarter, beating the consensus estimate of $0.61 by $0.04. The firm had revenue of $10.32 billion for the quarter, compared to analyst estimates of $8.37 billion. Barclays had a return on equity of 7.74% and a net margin of 20.81%. As a group, equities research analysts anticipate that Barclays PLC will post 2 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on BCS. Wall Street Zen downgraded Barclays from a "buy" rating to a "hold" rating in a research report on Thursday, February 27th. BNP Paribas upgraded shares of Barclays from a "neutral" rating to an "outperform" rating in a research report on Tuesday, March 4th.
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About Barclays
(
Free Report)
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.
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