Barclays PLC (NYSE:BCS) Stock Position Raised by Spire Wealth Management

Spire Wealth Management lifted its holdings in Barclays PLC (NYSE:BCS - Free Report) by 654.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,788 shares of the financial services provider's stock after purchasing an additional 52,736 shares during the period. Spire Wealth Management's holdings in Barclays were worth $934,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of America Corp DE lifted 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 purchasing an additional 5,538,912 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Barclays during the 4th quarter worth about $59,373,000. Deutsche Bank AG purchased a new stake in Barclays during the fourth quarter valued at about $50,189,000. Bank of Montreal Can increased its position in shares of Barclays by 667.4% in the fourth quarter. Bank of Montreal Can now owns 3,603,127 shares of the financial services provider's stock worth $47,886,000 after acquiring an additional 3,133,632 shares in the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of Barclays by 423.9% during the fourth quarter. Wells Fargo & Company MN now owns 2,897,984 shares of the financial services provider's stock valued at $38,514,000 after acquiring an additional 2,344,858 shares during the period. 3.39% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, BNP Paribas raised shares of Barclays from a "neutral" rating to an "outperform" rating in a research note on Tuesday, March 4th.

Barclays Stock Up 1.6%

Barclays stock traded up $0.30 during mid-day trading on Friday, hitting $18.63. The company's stock had a trading volume of 23,961,929 shares, compared to its average volume of 14,844,235. Barclays PLC has a 52-week low of $10.23 and a 52-week high of $18.75. The company has a market cap of $66.27 billion, a PE ratio of 9.45, a price-to-earnings-growth ratio of 0.45 and a beta of 1.11. The company has a debt-to-equity ratio of 5.75, a current ratio of 1.39 and a quick ratio of 1.39. The firm's 50 day moving average is $17.17 and its 200 day moving average is $15.45.

Barclays (NYSE:BCS - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, topping 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 business had revenue of $10.32 billion during the quarter, compared to analyst estimates of $8.37 billion. On average, analysts anticipate that Barclays PLC will post 2 earnings per share for the current year.

Barclays 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.