BTC Capital Management Inc. Makes New $1.95 Million Investment in Barclays PLC $BCS

BTC Capital Management Inc. bought a new stake in Barclays PLC (NYSE:BCS) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 76,426 shares of the financial services provider’s stock, valued at approximately $1,946,000.

Other hedge funds have also recently modified their holdings of the company. Twin Peaks Wealth Advisors LLC purchased a new position in Barclays during the 2nd quarter worth $27,000. Mather Group LLC. purchased a new stake in shares of Barclays in the third quarter valued at about $30,000. Salomon & Ludwin LLC increased its stake in shares of Barclays by 2,673.6% during the third quarter. Salomon & Ludwin LLC now owns 1,470 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 1,417 shares during the period. True Wealth Design LLC acquired a new position in shares of Barclays during the third quarter worth about $31,000. Finally, First Horizon Corp purchased a new position in Barclays during the third quarter worth about $40,000. 3.39% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

BCS has been the topic of a number of analyst reports. Citigroup reaffirmed a “neutral” rating on shares of Barclays in a report on Thursday, January 22nd. Erste Group Bank reissued a “hold” rating on shares of Barclays in a research note on Thursday, March 5th. Weiss Ratings restated a “buy (b-)” rating on shares of Barclays in a research note on Tuesday, December 23rd. Morgan Stanley reaffirmed an “overweight” rating on shares of Barclays in a report on Wednesday, February 11th. Finally, Zacks Research cut Barclays from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 19th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Barclays Price Performance

BCS stock opened at $21.18 on Wednesday. The firm has a 50 day moving average of $24.02 and a 200-day moving average of $23.09. The company has a market cap of $73.03 billion, a price-to-earnings ratio of 9.25, a PEG ratio of 0.39 and a beta of 0.95. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 5.45. Barclays PLC has a 12-month low of $12.14 and a 12-month high of $27.70.

Barclays (NYSE:BCS) last released its quarterly earnings results on Tuesday, February 10th. The financial services provider reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.04. The business had revenue of $9.53 billion for the quarter, compared to analysts’ expectations of $9.23 billion. Barclays had a return on equity of 8.33% and a net margin of 21.91%. As a group, equities analysts expect that Barclays PLC will post 2 EPS for the current fiscal year.

Barclays Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, February 20th were given a $0.3069 dividend. The ex-dividend date was Friday, February 20th. This represents a dividend yield of 236.0%. Barclays’s dividend payout ratio (DPR) is currently 25.33%.

About Barclays

Barclays PLC (NYSE: BCS) is a British multinational bank and financial services company headquartered in London. The firm provides a broad range of banking and financial products to individual, corporate and institutional customers. Its core activities span retail and business banking, credit cards and payments, corporate and investment banking, and wealth and investment management.

In retail and business banking, Barclays offers deposit accounts, mortgages, personal and business loans, and card services.