Profund Advisors LLC boosted its position in Barclays PLC (NYSE:BCS – Get Rating) by 2.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 54,986 shares of the financial services provider's stock after acquiring an additional 1,534 shares during the period. Profund Advisors LLC's holdings in Barclays were worth $429,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in BCS. Janney Montgomery Scott LLC increased its position in shares of Barclays by 7.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 143,685 shares of the financial services provider's stock worth $1,121,000 after purchasing an additional 9,442 shares during the last quarter. Leuthold Group LLC acquired a new position in shares of Barclays during the 4th quarter worth approximately $234,000. Kestra Advisory Services LLC increased its holdings in shares of Barclays by 36.4% during the 4th quarter. Kestra Advisory Services LLC now owns 50,963 shares of the financial services provider's stock worth $398,000 after acquiring an additional 13,595 shares during the last quarter. Natixis Advisors L.P. boosted its stake in Barclays by 28.8% in the 4th quarter. Natixis Advisors L.P. now owns 5,834,716 shares of the financial services provider's stock valued at $45,511,000 after purchasing an additional 1,305,123 shares during the period. Finally, Kathmere Capital Management LLC boosted its stake in Barclays by 16.8% in the 4th quarter. Kathmere Capital Management LLC now owns 12,469 shares of the financial services provider's stock valued at $97,000 after purchasing an additional 1,796 shares during the period. Institutional investors own 3.32% of the company's stock.
Get Barclays alerts:Wall Street Analysts Forecast Growth
Separately, StockNews.com began coverage on Barclays in a research note on Thursday, March 16th. They issued a "buy" rating for the company. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $212.00.
Barclays Price Performance
Shares of BCS opened at $7.62 on Friday. The stock has a market cap of $30.25 billion, a PE ratio of 5.26 and a beta of 1.37. The business has a 50-day simple moving average of $7.69 and a two-hundred day simple moving average of $7.78. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 5.72. Barclays PLC has a 12-month low of $5.89 and a 12-month high of $9.44.
Barclays (NYSE:BCS – Get Rating) last issued its quarterly earnings results on Wednesday, February 15th. The financial services provider reported $0.31 earnings per share for the quarter, meeting the consensus estimate of $0.31. The company had revenue of $6.81 billion during the quarter, compared to analysts' expectations of $7.13 billion. Barclays had a return on equity of 6.81% and a net margin of 20.04%. Analysts anticipate that Barclays PLC will post 1.71 earnings per share for the current fiscal year.
Barclays Cuts Dividend
The business also recently declared a semi-annual dividend, which was paid on Friday, March 31st. Stockholders of record on Friday, February 24th were paid a $0.104 dividend. The ex-dividend date of this dividend was Thursday, February 23rd. This represents a dividend yield of 6.4%. Barclays's payout ratio is 32.41%.
Barclays Company Profile
(Get Rating)
Barclays Plc operates as a bank holding company, which engages in the provision of retail banking, credit cards, corporate and investment banking, and wealth management services. The firm operates through Barclays UK and Barclays International segments. The Barclays UK segment consists the U.K. retail banking operations, U.K.
Featured Articles
- Get a free copy of the StockNews.com research report on Barclays (BCS)
- MarketBeat Week in Review – 4/17 – 4/21
- 2 Industrial Strength Dividend Stocks Melting Up
- Proctor & Gamble Is Going To Set A New High
- AutoNation's Plans are Keeping Analysts Around
- Netflix Increases Buybacks: Can It Complete A Reversal In 2023?
Receive News & Ratings for Barclays Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barclays and related companies with MarketBeat.com's FREE daily email newsletter.