WCG Wealth Advisors LLC Makes New $669,000 Investment in Barclays PLC $BCS

WCG Wealth Advisors LLC purchased a new position in Barclays PLC (NYSE:BCS) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 26,269 shares of the financial services provider’s stock, valued at approximately $669,000.

Several other large investors also recently modified their holdings of the business. Fisher Asset Management LLC increased its holdings in shares of Barclays by 4.3% in the fourth quarter. Fisher Asset Management LLC now owns 89,750,069 shares of the financial services provider’s stock worth $2,284,139,000 after acquiring an additional 3,722,757 shares in the last quarter. Natixis Advisors LLC grew its stake in Barclays by 5.9% in the third quarter. Natixis Advisors LLC now owns 9,886,650 shares of the financial services provider’s stock valued at $204,357,000 after purchasing an additional 549,497 shares in the last quarter. Norges Bank bought a new position in Barclays in the fourth quarter valued at approximately $141,248,000. American Century Companies Inc. grew its stake in Barclays by 39.2% in the third quarter. American Century Companies Inc. now owns 4,841,068 shares of the financial services provider’s stock valued at $100,065,000 after purchasing an additional 1,362,247 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in Barclays by 793.5% in the third quarter. Ameriprise Financial Inc. now owns 4,777,017 shares of the financial services provider’s stock valued at $99,073,000 after purchasing an additional 4,242,360 shares in the last quarter. 3.39% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on BCS. Citigroup reaffirmed a “neutral” rating on shares of Barclays in a research report on Thursday, April 23rd. Weiss Ratings cut Barclays from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, April 21st. Royal Bank Of Canada restated an “outperform” rating on shares of Barclays in a research note on Wednesday, April 29th. Zacks Research lowered Barclays from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 19th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Barclays in a research note on Wednesday, February 11th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Barclays presently has an average rating of “Hold”.

Barclays Trading Down 2.9%

Shares of BCS stock opened at $24.29 on Friday. The firm has a market capitalization of $82.78 billion, a P/E ratio of 10.12, a P/E/G ratio of 0.45 and a beta of 1.01. Barclays PLC has a twelve month low of $17.22 and a twelve month high of $27.70. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 5.94. The stock’s fifty day simple moving average is $23.23 and its 200 day simple moving average is $23.92.

Barclays (NYSE:BCS) last issued its quarterly earnings data on Monday, April 27th. The financial services provider reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.01. The business had revenue of $5.07 billion for the quarter, compared to analyst estimates of $10.88 billion. Barclays had a return on equity of 8.12% and a net margin of 21.10%. As a group, sell-side analysts predict that Barclays PLC will post 2.75 EPS for the current fiscal year.

Barclays Company Profile

Barclays PLC (NYSE: BCS) is a British multinational bank and financial services company headquartered in London. The firm provides a broad range of banking and financial products to individual, corporate and institutional customers. Its core activities span retail and business banking, credit cards and payments, corporate and investment banking, and wealth and investment management.

In retail and business banking, Barclays offers deposit accounts, mortgages, personal and business loans, and card services.