Diversify Wealth Management LLC Purchases 41,063 Shares of Barclays PLC $BCS

Diversify Wealth Management LLC increased its position in shares of Barclays PLC (NYSE:BCS) by 41.6% during the 1st quarter, Holdings Channel reports. The firm owned 139,806 shares of the financial services provider’s stock after acquiring an additional 41,063 shares during the period. Diversify Wealth Management LLC’s holdings in Barclays were worth $3,216,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd bought a new stake in Barclays during the fourth quarter valued at about $26,000. Commonwealth Retirement Investments LLC bought a new position in shares of Barclays in the fourth quarter worth about $26,000. SHP Wealth Management purchased a new stake in shares of Barclays during the fourth quarter worth about $28,000. Advocate Investing Services LLC purchased a new stake in shares of Barclays during the fourth quarter worth about $33,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in Barclays during the 4th quarter valued at approximately $39,000. Hedge funds and other institutional investors own 3.39% of the company’s stock.

Barclays Stock Performance

NYSE:BCS opened at $27.29 on Tuesday. The company has a market cap of $93.03 billion, a price-to-earnings ratio of 11.37, a PEG ratio of 0.46 and a beta of 1.00. Barclays PLC has a 1 year low of $18.39 and a 1 year high of $28.43. The stock’s 50 day simple moving average is $25.20 and its two-hundred day simple moving average is $24.55. The company has a debt-to-equity ratio of 5.94, a current ratio of 1.44 and a quick ratio of 1.44.

Barclays (NYSE:BCS) last posted its earnings results on Monday, April 27th. The financial services provider reported $0.76 EPS for the quarter, beating 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 firm had revenue of $5.07 billion during the quarter, compared to the consensus estimate of $10.88 billion. As a group, equities analysts anticipate that Barclays PLC will post 2.86 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Weiss Ratings downgraded Barclays from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, April 21st. Berenberg Bank initiated coverage on shares of Barclays in a research report on Wednesday, June 24th. They set a “buy” rating on the stock. BNP Paribas Exane lowered shares of Barclays from an “outperform” rating to a “neutral” rating in a research report on Tuesday, April 14th. Piper Sandler raised shares of Barclays from an “overweight” rating to a “buy” rating in a research note on Friday, June 12th. Finally, Citigroup reiterated a “neutral” rating on shares of Barclays in a report on Thursday, April 23rd. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Barclays has a consensus rating of “Moderate Buy”.

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.