GC Wealth Management RIA LLC Increases Stock Holdings in Barclays PLC $BCS

GC Wealth Management RIA LLC grew its position in shares of Barclays PLC (NYSE:BCS) by 24.1% in the first quarter, Holdings Channel reports. The firm owned 163,962 shares of the financial services provider’s stock after purchasing an additional 31,894 shares during the period. GC Wealth Management RIA LLC’s holdings in Barclays were worth $3,469,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Brooklands Fund Management Ltd purchased a new stake in Barclays in the first quarter valued at approximately $1,405,000. Compound Planning Inc. bought a new stake in shares of Barclays during the 1st quarter worth $1,601,000. Lido Advisors LLC grew its position in Barclays by 14.3% in the first quarter. Lido Advisors LLC now owns 11,668 shares of the financial services provider’s stock worth $247,000 after acquiring an additional 1,463 shares in the last quarter. Cetera Investment Advisers raised its position in Barclays by 29.9% during the first quarter. Cetera Investment Advisers now owns 216,261 shares of the financial services provider’s stock valued at $4,576,000 after purchasing an additional 49,841 shares in the last quarter. Finally, Militia Capital Management LLC bought a new stake in Barclays during the first quarter worth about $2,116,000. 3.39% of the stock is currently owned by hedge funds and other institutional investors.

Barclays Trading Down 1.7%

Shares of BCS opened at $27.66 on Friday. The firm’s 50-day moving average price is $25.95 and its 200-day moving average price is $24.68. The firm has a market capitalization of $94.30 billion, a price-to-earnings ratio of 11.53, a PEG ratio of 0.47 and a beta of 1.00. 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 1-year low of $18.79 and a 1-year high of $28.43.

Barclays (NYSE:BCS) last posted its quarterly earnings data on Monday, April 27th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $10.88 billion. Sell-side analysts anticipate that Barclays PLC will post 2.86 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Morgan Stanley reissued an “overweight” rating on shares of Barclays in a report on Thursday, July 2nd. Weiss Ratings restated a “buy (b-)” rating on shares of Barclays in a report on Friday, July 17th. BNP Paribas Exane lowered shares of Barclays from an “outperform” rating to a “neutral” rating in a report on Tuesday, April 14th. Berenberg Bank assumed coverage on shares of Barclays in a research report on Wednesday, June 24th. They set a “buy” rating for the company. Finally, Piper Sandler upgraded Barclays from an “overweight” rating to a “buy” rating in a report on Friday, June 12th. Five research 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.com, the company has an average 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.