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

BTC Capital Management Inc. raised its stake in shares of Barclays PLC (NYSE:BCS) by 37.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,197 shares of the financial services provider’s stock after buying an additional 28,771 shares during the quarter. BTC Capital Management Inc.’s holdings in Barclays were worth $2,226,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Blue Trust Inc. grew its stake in Barclays by 1.3% during the first quarter. Blue Trust Inc. now owns 47,733 shares of the financial services provider’s stock valued at $1,010,000 after acquiring an additional 593 shares in the last quarter. Evolve Private Wealth LLC increased its holdings in Barclays by 6.1% in the 1st quarter. Evolve Private Wealth LLC now owns 147,070 shares of the financial services provider’s stock valued at $3,112,000 after acquiring an additional 8,511 shares during the last quarter. Rockefeller Capital Management L.P. lifted its stake in Barclays by 4.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 177,633 shares of the financial services provider’s stock worth $4,521,000 after purchasing an additional 7,889 shares in the last quarter. World Investment Advisors bought a new position in shares of Barclays during the 4th quarter valued at about $223,000. Finally, Pure Financial Advisors LLC bought a new position in shares of Barclays during the 4th quarter valued at about $293,000. Hedge funds and other institutional investors own 3.39% of the company’s stock.

Barclays Stock Performance

NYSE BCS opened at $26.61 on Thursday. The company has a market cap of $90.69 billion, a P/E ratio of 11.09, a P/E/G ratio of 0.47 and a beta of 1.01. The company has a debt-to-equity ratio of 5.94, a quick ratio of 1.44 and a current ratio of 1.44. The business’s 50 day moving average price is $24.19 and its 200-day moving average price is $24.27. Barclays PLC has a fifty-two week low of $17.73 and a fifty-two week high of $27.70.

Barclays (NYSE:BCS) last issued its quarterly earnings results 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 company had revenue of $5.07 billion during the quarter, compared to the consensus estimate of $10.88 billion. Sell-side analysts predict that Barclays PLC will post 2.83 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on BCS. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Barclays in a report on Wednesday, April 29th. Berenberg Bank started coverage on Barclays in a research note on Wednesday. They set a “buy” rating for the company. Citigroup restated a “neutral” rating on shares of Barclays in a report on Thursday, April 23rd. BNP Paribas Exane downgraded Barclays from an “outperform” rating to a “neutral” rating in a research note on Tuesday, April 14th. Finally, Piper Sandler upgraded Barclays from an “overweight” rating to a “buy” rating in a research report on Friday, June 12th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Barclays 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.