BTC Capital Management Inc. increased its position in shares of Barclays PLC (NYSE:BCS) by 1.7% during the second quarter, Holdings Channel reports. The institutional investor owned 56,025 shares of the financial services provider’s stock after buying an additional 915 shares during the period. BTC Capital Management Inc.’s holdings in Barclays PLC were worth $593,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of the stock. Fisher Asset Management LLC raised its stake in shares of Barclays PLC by 13.6% in the second quarter. Fisher Asset Management LLC now owns 19,187,695 shares of the financial services provider’s stock worth $203,198,000 after buying an additional 2,300,492 shares in the last quarter. Tocqueville Asset Management L.P. bought a new stake in shares of Barclays PLC during the first quarter worth about $10,358,000. Karp Capital Management Corp bought a new stake in shares of Barclays PLC during the first quarter worth about $10,209,000. Duff & Phelps Investment Management Co. bought a new stake in shares of Barclays PLC during the first quarter worth about $6,232,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of Barclays PLC by 4.8% in the first quarter. Dimensional Fund Advisors LP now owns 11,929,971 shares of the financial services provider’s stock worth $134,093,000 after buying an additional 550,996 shares in the last quarter. 2.52% of the stock is owned by hedge funds and other institutional investors.
Barclays PLC (BCS) opened at 10.34 on Friday. The firm has a 50-day moving average of $10.72 and a 200-day moving average of $10.95. Barclays PLC has a one year low of $8.02 and a one year high of $12.05. The company’s market capitalization is $44.08 billion.
Barclays PLC (NYSE:BCS) last issued its earnings results on Friday, July 28th. The financial services provider reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.13 by $0.01. Barclays PLC had a positive return on equity of 2.57% and a negative net margin of 2.65%. The business had revenue of $6.46 billion for the quarter, compared to analyst estimates of $6.22 billion. On average, analysts anticipate that Barclays PLC will post $0.86 earnings per share for the current year.
The firm also recently announced a None dividend, which will be paid on Monday, September 18th. Stockholders of record on Friday, August 11th will be given a dividend of $0.051 per share. This represents a dividend yield of 1.95%. The ex-dividend date of this dividend is Wednesday, August 9th. Barclays PLC’s dividend payout ratio (DPR) is presently -88.23%.
Several analysts recently weighed in on BCS shares. Zacks Investment Research downgraded Barclays PLC from a “hold” rating to a “sell” rating in a report on Tuesday, May 30th. Goldman Sachs Group, Inc. (The) downgraded Barclays PLC from a “neutral” rating to a “sell” rating in a report on Friday, May 5th. Natixis downgraded Barclays PLC from a “buy” rating to a “neutral” rating in a report on Thursday, May 4th. Morgan Stanley restated a “buy” rating on shares of Barclays PLC in a report on Tuesday, July 18th. Finally, BidaskClub upgraded Barclays PLC from a “sell” rating to a “hold” rating in a report on Wednesday, June 28th. Eight equities research analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company’s stock. Barclays PLC presently has a consensus rating of “Hold” and a consensus target price of $10.09.
In other news, major shareholder Plc Barclays sold 260 shares of the firm’s stock in a transaction dated Wednesday, July 19th. The stock was sold at an average price of $100,000.00, for a total transaction of $26,000,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.02% of the stock is currently owned by company insiders.
Barclays PLC Company Profile
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