Barclays PLC (NYSE:BCS) Stock Position Decreased by Massachusetts Wealth Management

Massachusetts Wealth Management cut its stake in shares of Barclays PLC (NYSE:BCS) by 19.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,080 shares of the financial services provider’s stock after selling 6,470 shares during the period. Massachusetts Wealth Management’s holdings in Barclays were worth $256,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of BCS. Principal Securities Inc. acquired a new stake in Barclays during the 4th quarter worth about $34,000. GAMMA Investing LLC lifted its position in shares of Barclays by 51.7% in the 1st quarter. GAMMA Investing LLC now owns 4,411 shares of the financial services provider’s stock valued at $42,000 after acquiring an additional 1,503 shares in the last quarter. Private Trust Co. NA boosted its stake in Barclays by 58.5% in the 4th quarter. Private Trust Co. NA now owns 5,421 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 2,000 shares during the period. Wetzel Investment Advisors Inc. acquired a new position in Barclays in the 4th quarter worth approximately $47,000. Finally, Blue Trust Inc. grew its position in Barclays by 23.7% during the 4th quarter. Blue Trust Inc. now owns 8,183 shares of the financial services provider’s stock worth $64,000 after purchasing an additional 1,567 shares in the last quarter. 3.39% of the stock is owned by hedge funds and other institutional investors.

Barclays Stock Up 2.7 %

Barclays stock traded up $0.29 during trading hours on Thursday, hitting $11.18. The company had a trading volume of 6,534,335 shares, compared to its average volume of 10,780,413. The firm’s fifty day moving average is $10.76 and its 200-day moving average is $9.21. The firm has a market capitalization of $42.18 billion, a P/E ratio of 8.34, a price-to-earnings-growth ratio of 0.39 and a beta of 1.44. Barclays PLC has a fifty-two week low of $6.23 and a fifty-two week high of $11.42. The company has a debt-to-equity ratio of 6.15, a current ratio of 1.39 and a quick ratio of 1.39.

Barclays (NYSE:BCS) last posted its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.07. The business had revenue of $8.82 billion for the quarter. Barclays had a net margin of 17.21% and a return on equity of 6.13%. On average, research analysts forecast that Barclays PLC will post 1.6 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on BCS. StockNews.com cut Barclays from a “buy” rating to a “hold” rating in a research report on Monday. Deutsche Bank Aktiengesellschaft began coverage on Barclays in a research report on Thursday, May 9th. They set a “buy” rating for the company. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $190.00.

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.