Keybank National Association OH Increases Stake in Barclays PLC $BCS

Keybank National Association OH raised its stake in Barclays PLC (NYSE:BCS) by 145.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 43,905 shares of the financial services provider’s stock after acquiring an additional 26,049 shares during the quarter. Keybank National Association OH’s holdings in Barclays were worth $929,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Fulton Bank N.A. boosted its holdings in Barclays by 26.4% during the first quarter. Fulton Bank N.A. now owns 12,480 shares of the financial services provider’s stock worth $264,000 after buying an additional 2,603 shares in the last quarter. First Pacific Financial increased its holdings in Barclays by 3,036.4% in the first quarter. First Pacific Financial now owns 1,725 shares of the financial services provider’s stock valued at $37,000 after buying an additional 1,670 shares in the last quarter. Apollon Wealth Management LLC raised its position in shares of Barclays by 15.8% in the first quarter. Apollon Wealth Management LLC now owns 18,513 shares of the financial services provider’s stock worth $392,000 after acquiring an additional 2,529 shares during the period. BKM Wealth Management LLC boosted its stake in shares of Barclays by 5.0% during the 1st quarter. BKM Wealth Management LLC now owns 31,507 shares of the financial services provider’s stock worth $667,000 after acquiring an additional 1,511 shares in the last quarter. Finally, Cornerstone Wealth Group LLC boosted its stake in shares of Barclays by 8.7% during the 1st quarter. Cornerstone Wealth Group LLC now owns 13,123 shares of the financial services provider’s stock worth $307,000 after acquiring an additional 1,047 shares in the last quarter. Institutional investors and hedge funds own 3.39% of the company’s stock.

Barclays Trading Down 3.5%

Shares of Barclays stock opened at $27.42 on Wednesday. The firm has a market capitalization of $93.46 billion, a PE ratio of 11.42, a P/E/G ratio of 0.49 and a beta of 1.00. Barclays PLC has a twelve month low of $18.14 and a twelve month high of $28.43. The firm’s 50-day moving average price is $24.88 and its 200 day moving average price is $24.49. 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 (NYSE:BCS) last posted its quarterly earnings data 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. Barclays had a return on equity of 8.12% and a net margin of 21.10%.The company had revenue of $5.07 billion during the quarter, compared to analyst estimates of $10.88 billion. On average, sell-side analysts predict that Barclays PLC will post 2.83 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on BCS shares. Zacks Research lowered Barclays from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 19th. Morgan Stanley reiterated an “overweight” rating on shares of Barclays in a research report on Thursday, July 2nd. Piper Sandler upgraded Barclays from an “overweight” rating to a “buy” rating in a research report on Friday, June 12th. Citigroup reaffirmed a “neutral” rating on shares of Barclays in a research note on Thursday, April 23rd. Finally, Weiss Ratings lowered Barclays from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, April 21st. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Barclays 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.