Barclays PLC $BCS Shares Acquired by IFP Advisors Inc

IFP Advisors Inc lifted its stake in shares of Barclays PLC (NYSE:BCS) by 129.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,183 shares of the financial services provider’s stock after purchasing an additional 4,050 shares during the quarter. IFP Advisors Inc’s holdings in Barclays were worth $134,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its position in Barclays by 17.4% during the 1st quarter. GAMMA Investing LLC now owns 16,049 shares of the financial services provider’s stock worth $247,000 after acquiring an additional 2,381 shares in the last quarter. Janney Montgomery Scott LLC increased its position in Barclays by 52.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 47,617 shares of the financial services provider’s stock worth $731,000 after purchasing an additional 16,293 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Barclays by 88.3% during the 1st quarter. Blue Trust Inc. now owns 48,078 shares of the financial services provider’s stock worth $738,000 after acquiring an additional 22,539 shares in the last quarter. Channing Global Advisors LLC boosted its stake in Barclays by 6.9% during the 1st quarter. Channing Global Advisors LLC now owns 37,225 shares of the financial services provider’s stock valued at $572,000 after purchasing an additional 2,411 shares during the period. Finally, TrueMark Investments LLC bought a new stake in shares of Barclays in the 1st quarter worth approximately $702,000. Hedge funds and other institutional investors own 3.39% of the company’s stock.

Barclays Trading Down 2.9%

Shares of NYSE BCS opened at $19.38 on Friday. The company has a market cap of $67.76 billion, a PE ratio of 8.93, a P/E/G ratio of 0.41 and a beta of 1.10. The firm’s 50 day moving average price is $20.34 and its 200-day moving average price is $18.33. Barclays PLC has a 52-week low of $12.14 and a 52-week high of $21.22. 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 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 research analysts expect that Barclays PLC will post 2 EPS for the current fiscal year.

Barclays Cuts Dividend

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

Analyst Ratings Changes

BCS has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Barclays in a report on Wednesday, October 8th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Barclays in a research note on Wednesday, July 16th. Zacks Research raised Barclays from a “hold” rating to a “strong-buy” rating in a report on Monday, September 29th. Citigroup cut shares of Barclays from a “buy” rating to a “neutral” rating in a research report on Friday, July 18th. Finally, Morgan Stanley restated an “overweight” rating on shares of Barclays in a research note on Monday, October 6th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Barclays presently has an average rating of “Buy”.

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.