Bridgefront Capital LLC Raises Stock Holdings in Barclays PLC (NYSE:BCS)

Bridgefront Capital LLC increased its position in Barclays PLC (NYSE:BCS) by 65.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,130 shares of the financial services provider’s stock after acquiring an additional 7,568 shares during the period. Bridgefront Capital LLC’s holdings in Barclays were worth $122,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BCS. JPMorgan Chase & Co. raised its stake in Barclays by 1,934.9% in the 1st quarter. JPMorgan Chase & Co. now owns 168,265 shares of the financial services provider’s stock worth $1,330,000 after acquiring an additional 159,996 shares during the last quarter. Bank of New York Mellon Corp grew its position in Barclays by 8.2% during the 1st quarter. Bank of New York Mellon Corp now owns 2,299,509 shares of the financial services provider’s stock worth $18,166,000 after purchasing an additional 175,029 shares during the period. Private Advisor Group LLC grew its position in Barclays by 33.8% during the 1st quarter. Private Advisor Group LLC now owns 22,110 shares of the financial services provider’s stock worth $175,000 after purchasing an additional 5,580 shares during the period. Citigroup Inc. grew its position in Barclays by 1,026.8% during the 1st quarter. Citigroup Inc. now owns 265,893 shares of the financial services provider’s stock worth $2,101,000 after purchasing an additional 242,296 shares during the period. Finally, Raymond James Trust N.A. grew its position in Barclays by 171.3% during the 1st quarter. Raymond James Trust N.A. now owns 29,371 shares of the financial services provider’s stock worth $232,000 after purchasing an additional 18,545 shares during the period. Hedge funds and other institutional investors own 3.32% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on BCS shares. BNP Paribas raised Barclays from a “neutral” rating to an “outperform” rating in a research report on Wednesday, December 14th. JPMorgan Chase & Co. raised Barclays from a “neutral” rating to an “overweight” rating in a research report on Tuesday, December 6th. StockNews.com started coverage on Barclays in a research report on Thursday. They set a “buy” rating on the stock. Finally, Exane BNP Paribas upgraded Barclays from a “neutral” rating to an “outperform” rating in a research report on Wednesday, December 14th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $212.00.

Barclays Trading Down 3.3 %

Shares of Barclays stock opened at $6.75 on Friday. The firm has a market capitalization of $26.78 billion, a PE ratio of 4.66 and a beta of 1.39. Barclays PLC has a twelve month low of $5.89 and a twelve month high of $9.44. The firm’s 50-day moving average price is $8.57 and its 200 day moving average price is $7.81. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 5.72.

Barclays Cuts Dividend

The business also recently declared a semi-annual dividend, which will be paid on Friday, March 31st. Investors of record on Friday, February 24th will be paid a $0.104 dividend. This represents a yield of 6.4%. The ex-dividend date is Thursday, February 23rd. Barclays’s dividend payout ratio is presently 32.41%.

About Barclays

(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.