SVB Wealth LLC Trims Stock Position in Barclays PLC (NYSE:BCS)

SVB Wealth LLC lessened its holdings in shares of Barclays PLC (NYSE:BCS) by 24.8% in the 4th quarter, HoldingsChannel reports. The firm owned 12,800 shares of the financial services provider’s stock after selling 4,212 shares during the quarter. SVB Wealth LLC’s holdings in Barclays were worth $101,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Jones Financial Companies Lllp purchased a new position in shares of Barclays during the third quarter worth $30,000. IFP Advisors Inc increased its holdings in 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 buying an additional 2,397 shares in the last quarter. Private Trust Co. NA increased its holdings in 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 buying an additional 2,000 shares in the last quarter. CWM LLC increased its holdings in 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 buying an additional 1,574 shares in the last quarter. Finally, Paradigm Asset Management Co. LLC increased its holdings in 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 buying an additional 3,900 shares in the last quarter. Hedge funds and other institutional investors own 3.39% of the company’s stock.

Analyst Upgrades and Downgrades

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

Barclays Stock Up 2.0 %

BCS stock opened at $9.71 on Wednesday. The stock has a market capitalization of $36.81 billion, a P/E ratio of 7.09, a P/E/G ratio of 0.35 and a beta of 1.48. The firm has a 50-day simple moving average of $8.99 and a 200-day simple moving average of $7.91. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 5.63. Barclays PLC has a 52 week low of $6.23 and a 52 week high of $9.98.

Barclays (NYSE:BCS) last released its earnings results on Tuesday, February 20th. The financial services provider reported ($0.03) 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 analysts’ expectations of $7.38 billion. Barclays had a return on equity of 6.09% and a net margin of 16.82%. Equities analysts forecast that Barclays PLC will post 1.58 earnings per share for the current fiscal year.

Barclays Increases Dividend

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

Barclays Company 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.