Prime Capital Investment Advisors LLC Makes New Investment in Barclays PLC (NYSE:BCS)

Prime Capital Investment Advisors LLC acquired a new position in shares of Barclays PLC (NYSE:BCS) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 10,316 shares of the financial services provider’s stock, valued at approximately $81,000.

Several other hedge funds have also recently bought and sold shares of the stock. Advisors Asset Management Inc. raised its stake in Barclays by 5.4% during the fourth quarter. Advisors Asset Management Inc. now owns 23,824 shares of the financial services provider’s stock worth $186,000 after acquiring an additional 1,228 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Barclays by 9.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 15,515 shares of the financial services provider’s stock worth $112,000 after acquiring an additional 1,320 shares in the last quarter. Advisor Partners II LLC raised its stake in Barclays by 1.7% during the first quarter. Advisor Partners II LLC now owns 77,692 shares of the financial services provider’s stock worth $559,000 after acquiring an additional 1,326 shares in the last quarter. Cedar Brook Financial Partners LLC raised its stake in Barclays by 10.8% during the third quarter. Cedar Brook Financial Partners LLC now owns 14,562 shares of the financial services provider’s stock worth $113,000 after acquiring an additional 1,422 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in Barclays by 23.7% during the fourth quarter. Blue Trust Inc. now owns 8,183 shares of the financial services provider’s stock worth $64,000 after acquiring an additional 1,567 shares in the last quarter. 3.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Barclays from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $190.00.

Barclays Stock Performance

Shares of NYSE:BCS opened at $9.18 on Monday. The company has a debt-to-equity ratio of 5.63, a quick ratio of 1.34 and a current ratio of 1.34. Barclays PLC has a twelve month low of $6.23 and a twelve month high of $9.98. The firm has a market cap of $34.80 billion, a PE ratio of 6.70, a price-to-earnings-growth ratio of 0.35 and a beta of 1.48. The business has a fifty day moving average of $8.72 and a 200-day moving average of $7.83.

Barclays (NYSE:BCS) last issued its earnings results on Tuesday, February 20th. The financial services provider reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.39). The company had revenue of $6.95 billion for the quarter, compared to the consensus estimate of $7.38 billion. Barclays had a return on equity of 6.09% and a net margin of 16.82%. On average, equities research analysts predict that Barclays PLC will post 1.59 EPS for the current fiscal year.

Barclays Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Friday, March 1st were given a dividend of $0.2671 per share. The ex-dividend date was Thursday, February 29th. This represents a dividend yield of 4.6%. This is a positive change from Barclays’s previous semi-annual dividend of $0.14. Barclays’s dividend payout ratio (DPR) is currently 37.96%.

Barclays Profile

Barclays PLC provides various financial services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International division segments. It offers financial services, such as retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.