Focus Partners Wealth increased its position in shares of Barclays PLC (NYSE:BCS) by 56.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 345,089 shares of the financial services provider's stock after purchasing an additional 125,131 shares during the quarter. Focus Partners Wealth's holdings in Barclays were worth $4,590,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in BCS. Franklin Resources Inc. increased its position in shares of Barclays by 981.7% during the 3rd quarter. Franklin Resources Inc. now owns 277,243 shares of the financial services provider's stock worth $3,424,000 after purchasing an additional 251,613 shares in the last quarter. Aprio Wealth Management LLC increased its position in shares of Barclays by 16.7% during the 4th quarter. Aprio Wealth Management LLC now owns 15,232 shares of the financial services provider's stock worth $202,000 after purchasing an additional 2,181 shares in the last quarter. Kathmere Capital Management LLC increased its position in shares of Barclays by 10.7% during the 4th quarter. Kathmere Capital Management LLC now owns 48,435 shares of the financial services provider's stock worth $644,000 after purchasing an additional 4,667 shares in the last quarter. Park Avenue Securities LLC increased its position in Barclays by 190.2% in the 4th quarter. Park Avenue Securities LLC now owns 159,536 shares of the financial services provider's stock valued at $2,120,000 after acquiring an additional 104,555 shares in the last quarter. Finally, Redhawk Wealth Advisors Inc. increased its position in Barclays by 28.0% in the 4th quarter. Redhawk Wealth Advisors Inc. now owns 44,541 shares of the financial services provider's stock valued at $592,000 after acquiring an additional 9,743 shares in the last quarter. Institutional investors and hedge funds own 3.39% of the company's stock.
Analyst Ratings Changes
Several equities research analysts have weighed in on BCS shares. StockNews.com cut shares of 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.
View Our Latest Research Report on Barclays
Barclays Trading Up 1.6%
BCS opened at $17.27 on Thursday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 5.33. The stock has a market capitalization of $61.86 billion, a PE ratio of 9.39, a PEG ratio of 0.39 and a beta of 1.10. Barclays PLC has a 1-year low of $10.17 and a 1-year high of $17.31. The firm has a 50-day moving average price of $15.31 and a two-hundred day moving average price of $14.41.
Barclays (NYSE:BCS - Get Free Report) last issued its earnings results 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 company had revenue of $10.32 billion for the quarter, compared to analyst estimates of $8.37 billion. Barclays had a net margin of 20.81% and a return on equity of 7.74%. As a group, equities analysts anticipate that Barclays PLC will post 2 earnings per share for the current fiscal year.
Barclays Profile
(
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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