WCG Wealth Advisors LLC Makes New Investment in Barclays PLC $BCS

WCG Wealth Advisors LLC acquired a new position in shares of Barclays PLC (NYSE:BCS) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 26,269 shares of the financial services provider’s stock, valued at approximately $669,000.

Other institutional investors have also made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Barclays during the 4th quarter valued at about $39,000. Johnson Financial Group Inc. acquired a new stake in Barclays in the 3rd quarter worth approximately $44,000. Elyxium Wealth LLC acquired a new stake in Barclays in the 4th quarter worth approximately $80,000. Rothschild Investment LLC lifted its holdings in shares of Barclays by 130.9% during the third quarter. Rothschild Investment LLC now owns 4,232 shares of the financial services provider’s stock worth $87,000 after buying an additional 2,399 shares during the last quarter. Finally, Root Financial Partners LLC lifted its holdings in shares of Barclays by 13.6% during the fourth quarter. Root Financial Partners LLC now owns 4,315 shares of the financial services provider’s stock worth $110,000 after buying an additional 517 shares during the last quarter. 3.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on BCS. Morgan Stanley reiterated an “overweight” rating on shares of Barclays in a report on Wednesday, February 11th. Zacks Research cut Barclays from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 19th. Citigroup reiterated a “neutral” rating on shares of Barclays in a research report on Thursday, April 23rd. Erste Group Bank reissued a “hold” rating on shares of Barclays in a research note on Thursday, March 5th. Finally, Weiss Ratings lowered Barclays from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, April 21st. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Barclays Trading Down 2.9%

NYSE:BCS opened at $24.29 on Friday. Barclays PLC has a 1-year low of $17.22 and a 1-year high of $27.70. The business’s 50-day moving average price is $23.23 and its two-hundred day moving average price is $23.92. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 5.94. The firm has a market capitalization of $82.78 billion, a price-to-earnings ratio of 10.12, a PEG ratio of 0.45 and a beta of 1.01.

Barclays (NYSE:BCS) last released its earnings results on Monday, April 27th. The financial services provider reported $0.76 earnings per share for the quarter, beating 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 firm had revenue of $5.07 billion for the quarter, compared to analyst estimates of $10.88 billion. On average, equities analysts expect that Barclays PLC will post 2.75 earnings per share for the current year.

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.