Barclays PLC $BCS Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lowered its holdings in Barclays PLC (NYSE:BCS) by 7.1% during the 1st quarter, HoldingsChannel.com reports. The firm owned 658,169 shares of the financial services provider’s stock after selling 50,625 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Barclays were worth $14,368,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in BCS. Bank of New York Mellon Corp grew its holdings in shares of Barclays by 11.8% in the 1st quarter. Bank of New York Mellon Corp now owns 706,580 shares of the financial services provider’s stock worth $14,951,000 after acquiring an additional 74,738 shares during the last quarter. Bleakley Financial Group LLC lifted its holdings in shares of Barclays by 2.6% during the first quarter. Bleakley Financial Group LLC now owns 22,623 shares of the financial services provider’s stock valued at $479,000 after purchasing an additional 578 shares during the last quarter. Parr Mcknight Wealth Management Group LLC boosted its position in shares of Barclays by 22.3% in the 1st quarter. Parr Mcknight Wealth Management Group LLC now owns 176,420 shares of the financial services provider’s stock valued at $3,733,000 after purchasing an additional 32,201 shares during the period. Diversify Wealth Management LLC increased its stake in Barclays by 41.6% in the 1st quarter. Diversify Wealth Management LLC now owns 139,806 shares of the financial services provider’s stock worth $3,216,000 after purchasing an additional 41,063 shares in the last quarter. Finally, Ferguson Wellman Capital Management Inc. acquired a new stake in Barclays during the 1st quarter worth about $24,704,000. 3.39% of the stock is currently owned by institutional investors.

Barclays Stock Up 2.6%

Barclays stock opened at $27.95 on Wednesday. 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 $18.68 and a 1-year high of $28.43. The firm’s fifty day simple moving average is $25.75 and its 200-day simple moving average is $24.65. The company has a market capitalization of $95.29 billion, a P/E ratio of 11.65, a P/E/G ratio of 0.46 and a beta of 1.00.

Barclays (NYSE:BCS) last issued 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 net margin of 21.10% and a return on equity of 8.12%. The firm had revenue of $5.07 billion during the quarter, compared to analysts’ expectations of $10.88 billion. Sell-side analysts forecast that Barclays PLC will post 2.86 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BCS has been the subject of several recent analyst reports. Morgan Stanley reiterated an “overweight” rating on shares of Barclays in a report on Thursday, July 2nd. Royal Bank Of Canada reiterated an “outperform” rating on shares of Barclays in a research report on Wednesday, April 29th. BNP Paribas Exane downgraded shares of Barclays from an “outperform” rating to a “neutral” rating in a research note on Tuesday, April 14th. Berenberg Bank started coverage on Barclays in a research report on Wednesday, June 24th. They issued a “buy” rating for the company. Finally, Citigroup reiterated a “neutral” rating on shares of Barclays in a report on Thursday, July 16th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus 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.