QRG Capital Management Inc. Decreases Position in Barclays PLC (NYSE:BCS)

QRG Capital Management Inc. decreased its position in Barclays PLC (NYSE:BCS) by 0.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 539,591 shares of the financial services provider’s stock after selling 2,748 shares during the period. QRG Capital Management Inc.’s holdings in Barclays were worth $8,288,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Savant Capital LLC lifted its position in shares of Barclays by 30.3% during the 4th quarter. Savant Capital LLC now owns 18,093 shares of the financial services provider’s stock valued at $240,000 after buying an additional 4,212 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Barclays by 3,073.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 689,413 shares of the financial services provider’s stock valued at $9,052,000 after purchasing an additional 667,687 shares during the last quarter. Principal Securities Inc. boosted its position in Barclays by 117.0% during the fourth quarter. Principal Securities Inc. now owns 15,872 shares of the financial services provider’s stock worth $211,000 after purchasing an additional 8,559 shares during the period. Allworth Financial LP increased its stake in shares of Barclays by 27.1% in the fourth quarter. Allworth Financial LP now owns 6,011 shares of the financial services provider’s stock worth $87,000 after purchasing an additional 1,283 shares in the last quarter. Finally, Sierra Ocean LLC bought a new stake in shares of Barclays in the fourth quarter valued at approximately $38,000. 3.39% of the stock is owned by institutional investors.

Barclays Trading Down 1.4%

Shares of Barclays stock opened at $17.49 on Wednesday. The company’s 50-day moving average price is $16.58 and its 200-day moving average price is $15.19. The company has a market cap of $62.21 billion, a price-to-earnings ratio of 8.88, a PEG ratio of 0.43 and a beta of 1.11. Barclays PLC has a 12-month low of $10.23 and a 12-month high of $18.23. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 5.75.

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

Wall Street Analyst Weigh In

A number of research firms recently weighed in on BCS. BNP Paribas upgraded shares of Barclays from a “neutral” rating to an “outperform” rating in a research note on Tuesday, March 4th. Wall Street Zen cut Barclays from a “buy” rating to a “hold” rating in a research report on Thursday, February 27th.

Barclays Company 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.