CAPROCK Group Inc. acquired a new stake in shares of Barclays PLC (NYSE:BCS) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 14,629 shares of the financial services provider’s stock, valued at approximately $155,000.
A number of other hedge funds have also made changes to their positions in BCS. Raymond James Trust N.A. boosted its stake in shares of Barclays PLC by 2.6% in the first quarter. Raymond James Trust N.A. now owns 20,202 shares of the financial services provider’s stock valued at $227,000 after buying an additional 511 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in Barclays PLC by 447.5% in the first quarter. Quadrant Capital Group LLC now owns 10,425 shares of the financial services provider’s stock valued at $109,000 after buying an additional 8,521 shares during the period. Capstone Asset Management Co. boosted its stake in Barclays PLC by 2.6% in the first quarter. Capstone Asset Management Co. now owns 338,834 shares of the financial services provider’s stock valued at $3,808,000 after buying an additional 8,670 shares during the period. Visionary Asset Management Inc. purchased a new stake in Barclays PLC during the first quarter valued at $315,000. Finally, Duff & Phelps Investment Management Co. purchased a new stake in Barclays PLC during the first quarter valued at $6,232,000. 2.45% of the stock is owned by institutional investors.
Barclays PLC (NYSE BCS) traded up 0.30% during midday trading on Friday, reaching $10.05. 1,945,035 shares of the company’s stock were exchanged. The firm’s market capitalization is $42.85 billion. Barclays PLC has a 52 week low of $8.02 and a 52 week high of $12.05. The stock’s 50 day moving average is $10.72 and its 200 day moving average is $10.92.
Barclays PLC (NYSE:BCS) last released its earnings results on Friday, July 28th. The financial services provider reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by $0.01. Barclays PLC had a negative net margin of 2.65% and a positive return on equity of 2.57%. The company had revenue of $6.46 billion during the quarter, compared to analysts’ expectations of $6.22 billion. On average, analysts expect that Barclays PLC will post $0.86 EPS for the current fiscal year.
The firm also recently disclosed a None dividend, which will be paid on Monday, September 18th. Shareholders of record on Friday, August 11th will be paid a dividend of $0.051 per share. The ex-dividend date is Wednesday, August 9th. This represents a yield of 1.95%. Barclays PLC’s dividend payout ratio is currently -88.23%.
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Several analysts have recently weighed in on BCS shares. Zacks Investment Research raised shares of Barclays PLC from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research note on Friday, April 21st. UBS AG raised shares of Barclays PLC from a “neutral” rating to a “buy” rating in a research note on Wednesday, May 17th. ValuEngine raised shares of Barclays PLC from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. Morgan Stanley reissued a “buy” rating on shares of Barclays PLC in a research note on Tuesday, July 18th. Finally, Deutsche Bank AG reissued a “buy” rating on shares of Barclays PLC in a research note on Monday. Nine equities research analysts have rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $10.09.
In other Barclays PLC news, major shareholder Plc Barclays sold 260 shares of the business’s stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $100,000.00, for a total transaction of $26,000,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.02% of the stock is owned by insiders.
About Barclays PLC
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