Parr Mcknight Wealth Management Group LLC Buys New Shares in Barclays PLC (NYSE:BCS)

Parr Mcknight Wealth Management Group LLC bought a new position in shares of Barclays PLC (NYSE:BCS - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 153,115 shares of the financial services provider's stock, valued at approximately $2,352,000.

A number of other hedge funds have also bought and sold shares of BCS. Bank of New York Mellon Corp increased its position in shares of Barclays by 8.9% during the fourth quarter. Bank of New York Mellon Corp now owns 900,577 shares of the financial services provider's stock valued at $11,969,000 after buying an additional 73,724 shares during the period. Jones Financial Companies Lllp grew its position in Barclays by 60.9% during the fourth quarter. Jones Financial Companies Lllp now owns 22,447 shares of the financial services provider's stock worth $298,000 after buying an additional 8,496 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Barclays by 15.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 308,721 shares of the financial services provider's stock valued at $4,103,000 after acquiring an additional 40,437 shares during the last quarter. Assetmark Inc. lifted its position in Barclays by 1,434.5% during the fourth quarter. Assetmark Inc. now owns 12,706 shares of the financial services provider's stock valued at $169,000 after purchasing an additional 11,878 shares during the last quarter. Finally, Pzena Investment Management LLC lifted its holdings in shares of Barclays by 1.1% during the 4th quarter. Pzena Investment Management LLC now owns 86,226 shares of the financial services provider's stock worth $1,146,000 after acquiring an additional 924 shares during the last quarter. 3.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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 NYSE BCS traded up $0.19 during trading hours on Thursday, hitting $18.82. The company's stock had a trading volume of 14,252,640 shares, compared to its average volume of 15,077,909. The stock has a market cap of $66.94 billion, a price-to-earnings ratio of 9.55, a P/E/G ratio of 0.45 and a beta of 1.10. Barclays PLC has a 12 month low of $10.23 and a 12 month high of $18.82. The business has a 50-day simple moving average of $17.60 and a 200-day simple moving average of $15.71. 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 announced its earnings results on Wednesday, April 30th. The financial services provider reported $0.65 EPS for the quarter, beating analysts' consensus estimates of $0.61 by $0.04. Barclays had a net margin of 21.27% and a return on equity of 8.04%. The firm had revenue of $10.32 billion for the quarter, compared to analysts' expectations of $8.37 billion. On average, analysts anticipate that Barclays PLC will post 2 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.