Barclays PLC (NYSE:BCS) Shares Sold by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC lessened its position in shares of Barclays PLC (NYSE:BCS) by 18.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,870 shares of the financial services provider’s stock after selling 2,471 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Barclays were worth $86,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Jones Financial Companies Lllp acquired a new stake in shares of Barclays in the third quarter valued at about $30,000. IFP Advisors Inc grew its position in shares of Barclays by 127.0% in the third quarter. IFP Advisors Inc now owns 4,285 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 2,397 shares during the period. Private Trust Co. NA grew its position in shares of Barclays by 58.5% in the fourth quarter. Private Trust Co. NA now owns 5,421 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 2,000 shares during the period. CWM LLC grew its position in shares of Barclays by 35.1% in the third quarter. CWM LLC now owns 6,059 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 1,574 shares during the period. Finally, Paradigm Asset Management Co. LLC grew its position in shares of Barclays by 139.3% in the third quarter. Paradigm Asset Management Co. LLC now owns 6,700 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 3,900 shares during the period. Institutional investors and hedge funds own 3.39% of the company’s stock.

Barclays Stock Performance

BCS opened at $9.01 on Wednesday. The firm has a market capitalization of $34.16 billion, a PE ratio of 6.58, a PEG ratio of 0.35 and a beta of 1.48. Barclays PLC has a twelve month low of $6.23 and a twelve month high of $9.98. The firm’s 50-day moving average price is $8.78 and its 200 day moving average price is $7.85. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 5.63.

Barclays (NYSE:BCS) last posted its quarterly earnings results on Tuesday, February 20th. The financial services provider reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.39). The business had revenue of $6.95 billion for the quarter, compared to analyst estimates of $7.38 billion. Barclays had a return on equity of 6.09% and a net margin of 16.82%. As a group, sell-side analysts expect that Barclays PLC will post 1.59 EPS for the current fiscal year.

Barclays Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Friday, March 1st were paid a dividend of $0.2671 per share. The ex-dividend date of this dividend was Thursday, February 29th. This is an increase from Barclays’s previous semi-annual dividend of $0.14. This represents a yield of 4.6%. Barclays’s payout ratio is 37.96%.

Analysts Set New Price Targets

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

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.