GC Wealth Management RIA LLC Has $3.47 Million Position in Barclays PLC $BCS

GC Wealth Management RIA LLC lifted its holdings in Barclays PLC (NYSE:BCS) by 24.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 163,962 shares of the financial services provider’s stock after acquiring an additional 31,894 shares during the period. GC Wealth Management RIA LLC’s holdings in Barclays were worth $3,469,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fisher Asset Management LLC increased its holdings in 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 purchasing an additional 3,722,757 shares in the last quarter. Norges Bank bought a new position in shares of Barclays during the 4th quarter worth approximately $141,248,000. Ameriprise Financial Inc. grew its position in shares of Barclays by 793.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,777,017 shares of the financial services provider’s stock worth $99,073,000 after buying an additional 4,242,360 shares during the period. Sei Investments Co. grew its position in shares of Barclays by 4.5% during the 3rd quarter. Sei Investments Co. now owns 3,855,037 shares of the financial services provider’s stock worth $79,684,000 after buying an additional 167,439 shares during the period. Finally, BNP Paribas Financial Markets increased its stake in shares of Barclays by 7,013.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,671,369 shares of the financial services provider’s stock valued at $31,071,000 after acquiring an additional 1,647,872 shares in the last quarter. 3.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BCS has been the subject of a number of research reports. Weiss Ratings restated a “buy (b-)” rating on shares of Barclays in a report on Friday, July 17th. Citigroup reiterated a “neutral” rating on shares of Barclays in a report on Thursday, July 16th. Berenberg Bank started coverage on shares of Barclays in a research report on Wednesday, June 24th. They set a “buy” rating on the stock. BNP Paribas Exane lowered Barclays from an “outperform” rating to a “neutral” rating in a research report on Tuesday, April 14th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Barclays in a research note on Thursday, July 2nd. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Barclays Trading Down 1.7%

BCS opened at $27.66 on Friday. Barclays PLC has a fifty-two week low of $18.79 and a fifty-two week high of $28.43. The firm has a market capitalization of $94.30 billion, a PE ratio of 11.53, a P/E/G ratio of 0.47 and a beta of 1.00. The company has a debt-to-equity ratio of 5.94, a current ratio of 1.44 and a quick ratio of 1.44. The company’s 50-day moving average is $25.95 and its 200 day moving average is $24.68.

Barclays (NYSE:BCS) last announced its quarterly earnings results on Monday, April 27th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.01. The business had revenue of $5.07 billion during the quarter, compared to the consensus estimate of $10.88 billion. Barclays had a return on equity of 8.12% and a net margin of 21.10%. As a group, research analysts predict that Barclays PLC will post 2.86 earnings per share 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.