Spire Wealth Management Raises Position in Barclays PLC (NYSE:BCS)

Spire Wealth Management lifted its stake in shares of Barclays PLC (NYSE:BCS) by 654.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 60,788 shares of the financial services provider’s stock after purchasing an additional 52,736 shares during the period. Spire Wealth Management’s holdings in Barclays were worth $934,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Wealthquest Corp purchased a new stake in shares of Barclays during the 1st quarter worth approximately $32,000. TrueMark Investments LLC purchased a new stake in shares of Barclays during the 1st quarter worth approximately $702,000. Channing Global Advisors LLC increased its stake in shares of Barclays by 6.9% during the 1st quarter. Channing Global Advisors LLC now owns 37,225 shares of the financial services provider’s stock worth $572,000 after purchasing an additional 2,411 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Barclays by 88.3% during the 1st quarter. Blue Trust Inc. now owns 48,078 shares of the financial services provider’s stock worth $738,000 after purchasing an additional 22,539 shares during the last quarter. Finally, Sagespring Wealth Partners LLC increased its stake in shares of Barclays by 47.8% during the 1st quarter. Sagespring Wealth Partners LLC now owns 25,441 shares of the financial services provider’s stock worth $391,000 after purchasing an additional 8,233 shares during the last quarter. Hedge funds and other institutional investors own 3.39% of the company’s stock.

Analyst Ratings Changes

Separately, BNP Paribas upgraded shares of Barclays from a “neutral” rating to an “outperform” rating in a research note on Tuesday, March 4th.

Barclays Stock Up 1.6%

Barclays stock opened at $18.63 on Friday. Barclays PLC has a 1-year low of $10.23 and a 1-year high of $18.75. The firm has a market capitalization of $66.27 billion, a price-to-earnings ratio of 9.45, a P/E/G ratio of 0.44 and a beta of 1.11. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 5.75. The firm has a 50 day simple moving average of $17.17 and a 200 day simple moving average of $15.43.

Barclays (NYSE:BCS) last released its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.04. Barclays had a net margin of 21.27% and a return on equity of 8.04%. The business had revenue of $10.32 billion during the quarter, compared to analyst estimates of $8.37 billion. On average, analysts predict that Barclays PLC will post 2 earnings per share for the current year.

About Barclays

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.