Greenleaf Trust Sells 2,271 Shares of Barclays PLC $BCS

Greenleaf Trust decreased its position in Barclays PLC (NYSE:BCS) by 15.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,240 shares of the financial services provider’s stock after selling 2,271 shares during the quarter. Greenleaf Trust’s holdings in Barclays were worth $228,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Janney Montgomery Scott LLC boosted its holdings in shares of Barclays by 73.4% during the second quarter. Janney Montgomery Scott LLC now owns 82,575 shares of the financial services provider’s stock worth $1,535,000 after purchasing an additional 34,958 shares during the period. GC Wealth Management RIA LLC boosted its holdings in shares of Barclays by 8.8% during the second quarter. GC Wealth Management RIA LLC now owns 65,538 shares of the financial services provider’s stock worth $1,218,000 after purchasing an additional 5,291 shares during the period. TD Private Client Wealth LLC purchased a new stake in shares of Barclays during the second quarter worth about $56,000. Ballentine Partners LLC boosted its holdings in shares of Barclays by 5.3% during the second quarter. Ballentine Partners LLC now owns 33,205 shares of the financial services provider’s stock worth $617,000 after purchasing an additional 1,658 shares during the period. Finally, Fifth Third Bancorp boosted its holdings in shares of Barclays by 1.1% during the second quarter. Fifth Third Bancorp now owns 56,035 shares of the financial services provider’s stock worth $1,042,000 after purchasing an additional 599 shares during the period. 3.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Morgan Stanley reiterated an “overweight” rating on shares of Barclays in a report on Tuesday, September 2nd. Royal Bank Of Canada reiterated an “outperform” rating on shares of Barclays in a report on Wednesday, July 16th. Zacks Research raised shares of Barclays from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 29th. Weiss Ratings reissued a “buy (b)” rating on shares of Barclays in a research note on Saturday, September 27th. Finally, Wall Street Zen downgraded shares of Barclays from a “buy” rating to a “hold” rating in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Barclays Price Performance

Shares of NYSE BCS opened at $20.98 on Friday. Barclays PLC has a fifty-two week low of $11.94 and a fifty-two week high of $21.22. The company has a 50 day simple moving average of $20.24 and a two-hundred day simple moving average of $18.03. The company has a market capitalization of $73.70 billion, a price-to-earnings ratio of 9.67, a P/E/G ratio of 0.43 and a beta of 1.10. The company has a debt-to-equity ratio of 5.70, a quick ratio of 1.38 and a current ratio of 1.38.

Barclays (NYSE:BCS) last announced its earnings results on Tuesday, July 29th. The financial services provider reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $7.06 billion. Analysts expect that Barclays PLC will post 2 EPS for the current fiscal year.

Barclays Cuts Dividend

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

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.