Barometer Capital Management Inc. Has $1.83 Million Holdings in Barclays PLC $BCS

Barometer Capital Management Inc. boosted its position in shares of Barclays PLC (NYSE:BCS) by 2,009.8% in the first quarter, Holdings Channel.com reports. The firm owned 86,500 shares of the financial services provider’s stock after acquiring an additional 82,400 shares during the period. Barometer Capital Management Inc.’s holdings in Barclays were worth $1,830,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. UMB Bank n.a. lifted its holdings in shares of Barclays by 25.6% in the fourth quarter. UMB Bank n.a. now owns 2,186 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 445 shares in the last quarter. Arkadios Wealth Advisors lifted its stake in Barclays by 3.5% in the 4th quarter. Arkadios Wealth Advisors now owns 14,886 shares of the financial services provider’s stock valued at $379,000 after acquiring an additional 498 shares in the last quarter. Diversified Trust Co. lifted its stake in Barclays by 0.4% in the 4th quarter. Diversified Trust Co. now owns 122,957 shares of the financial services provider’s stock valued at $3,129,000 after acquiring an additional 507 shares in the last quarter. Root Financial Partners LLC boosted its position in Barclays by 13.6% during the 4th quarter. Root Financial Partners LLC now owns 4,315 shares of the financial services provider’s stock worth $110,000 after acquiring an additional 517 shares during the last quarter. Finally, Parallel Advisors LLC grew its stake in shares of Barclays by 2.7% during the 4th quarter. Parallel Advisors LLC now owns 19,703 shares of the financial services provider’s stock worth $501,000 after acquiring an additional 520 shares in the last quarter. Institutional investors and hedge funds own 3.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on BCS. BNP Paribas Exane lowered shares of Barclays from an “outperform” rating to a “neutral” rating in a research report on Tuesday, April 14th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Barclays in a research note on Friday. Piper Sandler upgraded shares of Barclays from an “overweight” rating to a “buy” rating in a research note on Friday, June 12th. Citigroup restated a “neutral” rating on shares of Barclays in a report on Thursday, July 16th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Barclays in a research report on Wednesday, April 29th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Barclays Price Performance

NYSE:BCS opened at $27.95 on Wednesday. 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 50 day moving average price is $25.75 and its two-hundred day moving average price is $24.65. The firm has a market capitalization of $95.29 billion, a price-to-earnings ratio of 11.65, a P/E/G ratio of 0.46 and a beta of 1.00. Barclays PLC has a 12-month low of $18.68 and a 12-month high of $28.43.

Barclays (NYSE:BCS) last issued its earnings results on Monday, April 27th. The financial services provider reported $0.76 EPS for the quarter, topping the consensus estimate of $0.75 by $0.01. The company 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%. On average, analysts anticipate that Barclays PLC will post 2.86 earnings per share for the current 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.