Financial Counselors Inc. Has $355,000 Stake in Barclays PLC (NYSE:BCS)

Financial Counselors Inc. grew its holdings in shares of Barclays PLC (NYSE:BCS) by 30.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,141 shares of the financial services provider’s stock after acquiring an additional 7,655 shares during the period. Financial Counselors Inc.’s holdings in Barclays were worth $355,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Cubist Systematic Strategies LLC grew its stake in Barclays by 231.3% during the fourth quarter. Cubist Systematic Strategies LLC now owns 2,323,096 shares of the financial services provider’s stock worth $18,306,000 after purchasing an additional 1,621,896 shares during the period. Brandes Investment Partners LP grew its position in shares of Barclays by 65.9% during the 4th quarter. Brandes Investment Partners LP now owns 1,750,257 shares of the financial services provider’s stock worth $13,792,000 after buying an additional 695,502 shares during the period. National Bank of Canada FI increased its stake in shares of Barclays by 6,028.3% in the 1st quarter. National Bank of Canada FI now owns 1,718,379 shares of the financial services provider’s stock valued at $16,239,000 after acquiring an additional 1,690,339 shares in the last quarter. Teachers Retirement System of The State of Kentucky lifted its position in shares of Barclays by 20.9% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 1,533,600 shares of the financial services provider’s stock valued at $14,493,000 after acquiring an additional 265,200 shares during the period. Finally, Acadian Asset Management LLC boosted its stake in Barclays by 1,502.3% during the first quarter. Acadian Asset Management LLC now owns 1,346,178 shares of the financial services provider’s stock worth $12,711,000 after acquiring an additional 1,262,165 shares in the last quarter. 3.39% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

BCS has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft started coverage on shares of Barclays in a research note on Thursday, May 9th. They issued a “buy” rating for the company. StockNews.com raised Barclays from a “hold” rating to a “buy” rating in a research note on Tuesday, July 9th.

Barclays Stock Performance

Shares of BCS stock opened at $11.74 on Thursday. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 5.98. The firm has a fifty day simple moving average of $11.58 and a two-hundred day simple moving average of $10.50. Barclays PLC has a 12 month low of $6.23 and a 12 month high of $12.49. The firm has a market capitalization of $43.50 billion, a PE ratio of 8.76, a price-to-earnings-growth ratio of 0.66 and a beta of 1.44.

Barclays (NYSE:BCS) last posted its earnings results on Thursday, August 1st. The financial services provider reported $0.42 EPS for the quarter, topping the consensus estimate of $0.40 by $0.02. Barclays had a net margin of 16.83% and a return on equity of 5.94%. The company had revenue of $7.98 billion during the quarter. During the same period in the previous year, the firm earned $0.43 earnings per share. Analysts forecast that Barclays PLC will post 1.68 EPS for the current fiscal year.

Barclays Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, August 16th will be issued a $0.2684 dividend. This represents a dividend yield of 3.6%. The ex-dividend date of this dividend is Friday, August 16th. This is a positive change from Barclays’s previous semi-annual dividend of $0.27. Barclays’s dividend payout ratio (DPR) is currently 21.64%.

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.