Barclays PLC (NYSE:BCS) Position Boosted by Checchi Capital Advisers LLC

Checchi Capital Advisers LLC lifted its stake in Barclays PLC (NYSE:BCS) by 7.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,673 shares of the financial services provider’s stock after purchasing an additional 1,311 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Barclays were worth $302,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in BCS. Financial Management Professionals Inc. acquired a new position in Barclays in the 1st quarter valued at approximately $29,000. Wealthquest Corp purchased a new position in shares of Barclays during the 1st quarter valued at $32,000. TD Private Client Wealth LLC increased its stake in shares of Barclays by 135.5% in the fourth quarter. TD Private Client Wealth LLC now owns 2,916 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 1,678 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Barclays by 36.8% during the fourth quarter. Farther Finance Advisors LLC now owns 3,762 shares of the financial services provider’s stock worth $50,000 after acquiring an additional 1,011 shares in the last quarter. Finally, Bessemer Group Inc. boosted its position in Barclays by 1,539.6% during the first quarter. Bessemer Group Inc. now owns 4,509 shares of the financial services provider’s stock valued at $69,000 after purchasing an additional 4,234 shares during the last quarter. 3.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Barclays from a “hold” rating to a “buy” rating in a research report on Saturday.

Barclays Price Performance

Shares of BCS opened at $18.25 on Friday. The company has a debt-to-equity ratio of 5.75, a quick ratio of 1.39 and a current ratio of 1.39. The firm has a market cap of $64.92 billion, a PE ratio of 9.26, a PEG ratio of 0.44 and a beta of 1.10. The firm’s 50 day moving average price is $17.46 and its 200 day moving average price is $15.61. Barclays PLC has a twelve month low of $10.23 and a twelve month high of $18.75.

Barclays (NYSE:BCS) last released its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.04. The business had revenue of $10.32 billion during the quarter, compared to analyst estimates of $8.37 billion. Barclays had a net margin of 21.27% and a return on equity of 8.04%. As a group, research analysts expect that Barclays PLC will post 2 EPS for the current fiscal year.

Barclays Profile

Barclays PLC provides various financial services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International division segments. It offers financial services, such as retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.