Barclays PLC $BCS Shares Sold by HB Wealth Management LLC

HB Wealth Management LLC reduced its position in Barclays PLC (NYSE:BCS) by 10.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,564 shares of the financial services provider’s stock after selling 2,203 shares during the period. HB Wealth Management LLC’s holdings in Barclays were worth $364,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Elequin Capital LP acquired a new position in shares of Barclays in the 1st quarter valued at about $30,000. Wealthquest Corp acquired a new position in shares of Barclays in the 1st quarter valued at about $32,000. Zions Bancorporation National Association UT acquired a new position in shares of Barclays in the 1st quarter valued at about $40,000. WPG Advisers LLC acquired a new position in shares of Barclays in the 1st quarter valued at about $40,000. Finally, Wayfinding Financial LLC acquired a new position in shares of Barclays in the 1st quarter valued at about $46,000. 3.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BCS has been the topic of several analyst reports. Royal Bank Of Canada reiterated an “outperform” rating on shares of Barclays in a report on Wednesday, July 16th. Weiss Ratings reiterated a “buy (b)” rating on shares of Barclays in a report on Saturday, September 27th. Citigroup downgraded Barclays from a “buy” rating to a “neutral” rating in a report on Friday, July 18th. Zacks Research upgraded Barclays from a “hold” rating to a “strong-buy” rating in a report on Monday, September 29th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Barclays in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy”.

Barclays Price Performance

Shares of NYSE BCS opened at $20.64 on Tuesday. The firm has a market cap of $72.52 billion, a PE ratio of 9.51, a price-to-earnings-growth ratio of 0.43 and a beta of 1.10. The business has a 50 day moving average price of $20.26 and a two-hundred day moving average price of $18.08. 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 fifty-two week low of $12.03 and a fifty-two week high of $21.22.

Barclays (NYSE:BCS) last issued its earnings results 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. The company had revenue of $9.58 billion during the quarter, compared to analyst estimates of $7.06 billion. Barclays had a return on equity of 8.49% and a net margin of 22.11%. Sell-side analysts expect that Barclays PLC will post 2 earnings per share for the current fiscal year.

Barclays Cuts Dividend

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

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.