Ferguson Wellman Capital Management Inc. Invests $24.70 Million in Barclays PLC $BCS

Ferguson Wellman Capital Management Inc. bought a new stake in Barclays PLC (NYSE:BCS) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,167,509 shares of the financial services provider’s stock, valued at approximately $24,704,000.

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

Wall Street Analysts Forecast Growth

BCS has been the subject of a number of recent research reports. Zacks Research cut Barclays from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 19th. Morgan Stanley restated an “overweight” rating on shares of Barclays in a research note on Thursday, July 2nd. Piper Sandler upgraded shares of Barclays from an “overweight” rating to a “buy” rating in a research report on Friday, June 12th. Weiss Ratings downgraded shares of Barclays from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, April 21st. Finally, Citigroup reaffirmed a “neutral” rating on shares of Barclays in a report on Thursday, April 23rd. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Barclays Price Performance

Shares of Barclays stock traded up $0.24 during trading on Friday, reaching $27.48. The company’s stock had a trading volume of 3,838,387 shares, compared to its average volume of 4,229,509. The business has a 50 day moving average price of $25.13 and a 200-day moving average price of $24.54. Barclays PLC has a 12-month low of $18.33 and a 12-month high of $28.43. The company has a market capitalization of $93.69 billion, a P/E ratio of 11.45, a price-to-earnings-growth ratio of 0.47 and a beta of 1.00. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 5.94.

Barclays (NYSE:BCS) last released its quarterly earnings data on Monday, April 27th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.01. The firm had revenue of $5.07 billion during the quarter, compared to analysts’ expectations of $10.88 billion. Barclays had a return on equity of 8.12% and a net margin of 21.10%. As a group, sell-side analysts anticipate that Barclays PLC will post 2.86 EPS for the current year.

Barclays 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.