Janney Montgomery Scott LLC grew its stake in shares of Barclays PLC (NYSE:BCS – Get Rating) by 7.0% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 143,685 shares of the financial services provider's stock after buying an additional 9,442 shares during the period. Janney Montgomery Scott LLC's holdings in Barclays were worth $1,121,000 as of its most recent filing with the SEC.
Other large investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC acquired a new position in shares of Barclays during the fourth quarter valued at about $32,000. Cullen Frost Bankers Inc. raised its position in Barclays by 37.5% in the third quarter. Cullen Frost Bankers Inc. now owns 5,164 shares of the financial services provider's stock worth $33,000 after purchasing an additional 1,407 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in Barclays by 777.0% in the third quarter. EverSource Wealth Advisors LLC now owns 9,244 shares of the financial services provider's stock worth $59,000 after purchasing an additional 8,190 shares in the last quarter. Bessemer Group Inc. raised its position in Barclays by 45.6% in the third quarter. Bessemer Group Inc. now owns 9,421 shares of the financial services provider's stock worth $60,000 after purchasing an additional 2,949 shares in the last quarter. Finally, Verition Fund Management LLC acquired a new position in Barclays in the third quarter worth about $69,000. Institutional investors and hedge funds own 3.32% of the company's stock.
Get Barclays alerts:Barclays Price Performance
Shares of Barclays stock opened at $8.07 on Friday. Barclays PLC has a 1-year low of $5.89 and a 1-year high of $9.44. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 5.72. The firm's 50-day moving average price is $7.60 and its two-hundred day moving average price is $7.83. The stock has a market capitalization of $32.04 billion, a price-to-earnings ratio of 5.57 and a beta of 1.37.
Barclays (NYSE:BCS – Get Rating) last released its quarterly earnings results on Wednesday, February 15th. The financial services provider reported $0.31 EPS for the quarter, meeting the consensus estimate of $0.31. Barclays had a net margin of 20.97% and a return on equity of 7.68%. The business had revenue of $6.81 billion for the quarter, compared to analysts' expectations of $7.13 billion. On average, equities analysts predict that Barclays PLC will post 1.73 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 dividend of $0.104 per share. The ex-dividend date of this dividend was Thursday, February 23rd. This represents a dividend yield of 6.4%. Barclays's dividend payout ratio (DPR) is currently 32.41%.
Analyst Upgrades and Downgrades
Separately, StockNews.com started coverage on shares of Barclays in a research report on Thursday, March 16th. They issued a "buy" rating for the company. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Barclays presently has a consensus rating of "Moderate Buy" and a consensus target price of $212.00.
Barclays Company Profile
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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.
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