Parr Mcknight Wealth Management Group LLC Makes New $2.35 Million Investment in Barclays PLC (NYSE:BCS)

Parr Mcknight Wealth Management Group LLC acquired a new position in shares of Barclays PLC (NYSE:BCS - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 153,115 shares of the financial services provider's stock, valued at approximately $2,352,000.

Several other hedge funds and other institutional investors have also bought and sold shares of BCS. Bank of America Corp DE raised its holdings in shares of Barclays by 485.0% during the fourth quarter. Bank of America Corp DE now owns 6,680,869 shares of the financial services provider's stock valued at $88,789,000 after acquiring an additional 5,538,912 shares in the last quarter. Northern Trust Corp boosted its position in Barclays by 20.5% in the fourth quarter. Northern Trust Corp now owns 6,059,544 shares of the financial services provider's stock worth $80,531,000 after purchasing an additional 1,029,401 shares during the last quarter. Causeway Capital Management LLC lifted its position in shares of Barclays by 8.9% during the 4th quarter. Causeway Capital Management LLC now owns 5,930,467 shares of the financial services provider's stock valued at $78,816,000 after buying an additional 484,497 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Barclays by 9.8% during the 4th quarter. American Century Companies Inc. now owns 5,635,864 shares of the financial services provider's stock valued at $74,901,000 after buying an additional 505,351 shares in the last quarter. Finally, Natixis Advisors LLC lifted its holdings in Barclays by 39.5% in the 4th quarter. Natixis Advisors LLC now owns 4,974,981 shares of the financial services provider's stock worth $66,117,000 after purchasing an additional 1,409,948 shares in the last quarter. Hedge funds and other institutional investors own 3.39% of the company's stock.

Wall Street Analysts Forecast Growth

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

Barclays Stock Performance

Shares of NYSE BCS traded down $0.31 during midday trading on Friday, reaching $18.51. 9,548,413 shares of the stock were exchanged, compared to its average volume of 15,057,206. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 5.75. Barclays PLC has a twelve month low of $10.23 and a twelve month high of $18.82. The firm has a 50-day simple moving average of $17.66 and a two-hundred day simple moving average of $15.75. The firm has a market cap of $65.84 billion, a price-to-earnings ratio of 9.39, a PEG ratio of 0.45 and a beta of 1.10.

Barclays (NYSE:BCS - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.65 earnings per share (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 the consensus estimate of $8.37 billion. Barclays had a return on equity of 8.04% and a net margin of 21.27%. As a group, analysts anticipate that Barclays PLC will post 2 EPS 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.