Parallel Advisors LLC Sells 596 Shares of Barclays PLC $BCS

Parallel Advisors LLC lessened its position in Barclays PLC (NYSE:BCS) by 3.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,620 shares of the financial services provider’s stock after selling 596 shares during the quarter. Parallel Advisors LLC’s holdings in Barclays were worth $346,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Acadian Asset Management LLC grew its stake in shares of Barclays by 37.6% during the first quarter. Acadian Asset Management LLC now owns 33,607,068 shares of the financial services provider’s stock valued at $516,163,000 after buying an additional 9,188,263 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Barclays by 64.9% during the first quarter. Geneos Wealth Management Inc. now owns 17,211 shares of the financial services provider’s stock valued at $264,000 after buying an additional 6,771 shares during the last quarter. Focus Partners Wealth grew its stake in shares of Barclays by 1.5% during the first quarter. Focus Partners Wealth now owns 350,153 shares of the financial services provider’s stock valued at $5,379,000 after buying an additional 5,064 shares during the last quarter. RNC Capital Management LLC grew its stake in shares of Barclays by 2.3% during the first quarter. RNC Capital Management LLC now owns 32,670 shares of the financial services provider’s stock valued at $502,000 after buying an additional 735 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new position in shares of Barclays during the first quarter valued at about $230,000. Institutional investors own 3.39% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Barclays in a research note on Wednesday, July 16th. Wall Street Zen upgraded shares of Barclays from a “hold” rating to a “buy” rating in a report on Saturday. Citigroup lowered shares of Barclays from a “buy” rating to a “neutral” rating in a report on Friday, July 18th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Barclays in a report on Tuesday, September 2nd. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Barclays currently has an average rating of “Moderate Buy”.

Barclays Stock Performance

Shares of BCS opened at $20.72 on Friday. The company has a debt-to-equity ratio of 5.70, a current ratio of 1.38 and a quick ratio of 1.38. Barclays PLC has a one year low of $11.48 and a one year high of $21.13. The company has a 50-day simple moving average of $19.90 and a two-hundred day simple moving average of $17.67. The firm has a market capitalization of $72.80 billion, a PE ratio of 9.55, a price-to-earnings-growth ratio of 0.43 and a beta of 1.14.

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

Barclays Cuts Dividend

The firm also recently announced a semi-annual dividend, which was paid on Tuesday, September 16th. Stockholders of record on Friday, August 8th were issued a dividend of $0.1557 per share. This represents a dividend yield of 210.0%. The ex-dividend date was Friday, August 8th. Barclays’s dividend payout ratio (DPR) is presently 14.75%.

About Barclays

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.