Barclays PLC $BCS Shares Acquired by QRG Capital Management Inc.

QRG Capital Management Inc. increased its position in Barclays PLC (NYSE:BCS) by 9.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 422,472 shares of the financial services provider’s stock after acquiring an additional 34,860 shares during the period. QRG Capital Management Inc.’s holdings in Barclays were worth $8,940,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Norges Bank acquired a new position in Barclays in the 4th quarter worth approximately $141,248,000. Ameriprise Financial Inc. lifted its position in Barclays by 793.5% during 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 during the period. Fisher Asset Management LLC boosted 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 valued at $2,284,139,000 after purchasing an additional 3,722,757 shares during the last quarter. Main Street Research LLC acquired a new stake in Barclays during the 3rd quarter worth about $35,035,000. Finally, BNP Paribas Financial Markets lifted its holdings 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 buying an additional 1,647,872 shares during the period. 3.39% of the stock is owned by institutional investors and hedge funds.

Barclays Stock Performance

Shares of BCS stock opened at $27.74 on Friday. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 5.94. Barclays PLC has a 12-month low of $18.10 and a 12-month high of $28.00. The business’s 50 day moving average is $24.68 and its two-hundred day moving average is $24.44. The company has a market capitalization of $94.55 billion, a P/E ratio of 11.56, a P/E/G ratio of 0.48 and a beta of 1.00.

Barclays (NYSE:BCS) last posted its quarterly earnings data on Monday, April 27th. The financial services provider reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.01. Barclays had a return on equity of 8.12% and a net margin of 21.10%.The business had revenue of $5.07 billion during the quarter, compared to analysts’ expectations of $10.88 billion. Analysts expect that Barclays PLC will post 2.83 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently commented on BCS shares. 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 report on Thursday, March 19th. Weiss Ratings lowered shares of Barclays from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, April 21st. BNP Paribas Exane cut shares of Barclays from an “outperform” rating to a “neutral” rating in a research note on Tuesday, April 14th. Finally, Citigroup reissued a “neutral” rating on shares of Barclays in a report on Thursday, April 23rd. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

About Barclays

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.