BTC Capital Management Inc. Purchases 28,771 Shares of Barclays PLC $BCS

BTC Capital Management Inc. raised its holdings in shares of Barclays PLC (NYSE:BCS) by 37.6% in the 1st quarter, Holdings Channel reports. The institutional investor owned 105,197 shares of the financial services provider’s stock after purchasing an additional 28,771 shares during the quarter. BTC Capital Management Inc.’s holdings in Barclays were worth $2,226,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of BCS. NewEdge Advisors LLC lifted its stake in shares of Barclays by 72.8% during the 1st quarter. NewEdge Advisors LLC now owns 47,051 shares of the financial services provider’s stock worth $723,000 after acquiring an additional 19,818 shares during the last quarter. Sivia Capital Partners LLC grew its position in Barclays by 19.6% in the 2nd quarter. Sivia Capital Partners LLC now owns 23,572 shares of the financial services provider’s stock valued at $438,000 after acquiring an additional 3,868 shares during the last quarter. Rhumbline Advisers increased its stake in Barclays by 6.8% in the second quarter. Rhumbline Advisers now owns 45,179 shares of the financial services provider’s stock worth $840,000 after purchasing an additional 2,885 shares during the period. Flow Traders U.S. LLC purchased a new stake in Barclays in the second quarter worth $451,000. Finally, Cerity Partners LLC lifted its position in shares of Barclays by 3.2% during the second quarter. Cerity Partners LLC now owns 243,698 shares of the financial services provider’s stock worth $4,530,000 after purchasing an additional 7,604 shares during the last quarter. Institutional investors own 3.39% of the company’s stock.

Barclays Trading Down 1.5%

Shares of NYSE BCS opened at $26.61 on Thursday. Barclays PLC has a twelve month low of $17.73 and a twelve month high of $27.70. The firm has a market cap of $90.69 billion, a PE ratio of 11.09, a price-to-earnings-growth ratio of 0.47 and a beta of 1.01. The business has a fifty day simple moving average of $24.19 and a two-hundred day simple moving average of $24.27. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 5.94.

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

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Erste Group Bank reissued a “hold” rating on shares of Barclays in a research note on Thursday, March 5th. Citigroup reiterated a “neutral” rating on shares of Barclays in a report on Thursday, April 23rd. BNP Paribas Exane cut shares of Barclays from an “outperform” rating to a “neutral” rating in a research report on Tuesday, April 14th. Piper Sandler upgraded shares of Barclays from an “overweight” rating to a “buy” rating in a research note on Friday, June 12th. Finally, Weiss Ratings lowered shares of Barclays from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, April 21st. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

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.