10,634 Shares in Barclays PLC $BCS Bought by EP Wealth Advisors LLC

EP Wealth Advisors LLC purchased a new position in shares of Barclays PLC (NYSE:BCS) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,634 shares of the financial services provider’s stock, valued at approximately $163,000.

A number of other hedge funds have also recently added to or reduced their stakes in BCS. Focus Partners Wealth boosted its holdings in Barclays by 56.9% during the fourth quarter. Focus Partners Wealth now owns 345,089 shares of the financial services provider’s stock worth $4,590,000 after buying an additional 125,131 shares in the last quarter. Nomura Holdings Inc. purchased a new stake in Barclays during the fourth quarter worth $664,000. Quantinno Capital Management LP boosted its holdings in Barclays by 7.7% during the fourth quarter. Quantinno Capital Management LP now owns 390,237 shares of the financial services provider’s stock worth $5,186,000 after buying an additional 27,851 shares in the last quarter. Snowden Capital Advisors LLC boosted its holdings in Barclays by 13.1% during the fourth quarter. Snowden Capital Advisors LLC now owns 21,660 shares of the financial services provider’s stock worth $288,000 after buying an additional 2,506 shares in the last quarter. Finally, MidWestOne Financial Group Inc. boosted its holdings in Barclays by 2.1% during the fourth quarter. MidWestOne Financial Group Inc. now owns 183,981 shares of the financial services provider’s stock worth $2,445,000 after buying an additional 3,766 shares in the last quarter. 3.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BCS has been the topic of a number of recent analyst reports. Citigroup downgraded shares of Barclays from a “buy” rating to a “neutral” rating in a report on Friday, July 18th. Wall Street Zen downgraded shares of Barclays from a “buy” rating to a “hold” rating in a report on Sunday, July 13th. Morgan Stanley restated an “overweight” rating on shares of Barclays in a research report on Tuesday, September 2nd. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Barclays in a research report on Wednesday, July 16th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Barclays currently has a consensus rating of “Moderate Buy”.

Barclays Price Performance

Shares of NYSE BCS opened at $20.50 on Thursday. The firm has a 50-day simple moving average of $19.56 and a 200-day simple moving average of $17.41. The stock has a market capitalization of $72.36 billion, a price-to-earnings ratio of 9.44, a price-to-earnings-growth ratio of 0.42 and a beta of 1.14. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 5.70. Barclays PLC has a 52 week low of $11.22 and a 52 week high of $20.58.

Barclays (NYSE:BCS) last issued its earnings results on Tuesday, July 29th. The financial services provider reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.12. The business had revenue of $9.58 billion during the quarter, compared to analysts’ expectations of $7.06 billion. Barclays had a net margin of 22.11% and a return on equity of 8.49%. On average, equities analysts predict that Barclays PLC will post 2 earnings per share for the current fiscal year.

Barclays Cuts Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Friday, August 8th will be given a $0.1557 dividend. This represents a dividend yield of 210.0%. The ex-dividend date is Friday, August 8th. Barclays’s dividend payout ratio is 14.29%.

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.