Sagespring Wealth Partners LLC Acquires Shares of 17,208 Barclays PLC (NYSE:BCS)

Sagespring Wealth Partners LLC purchased a new stake in shares of Barclays PLC (NYSE:BCS - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 17,208 shares of the financial services provider's stock, valued at approximately $229,000.

A number of other large investors also recently modified their holdings of the company. Brooklyn Investment Group bought a new stake in shares of Barclays during the fourth quarter worth about $26,000. Activest Wealth Management bought a new stake in shares of Barclays in the fourth quarter worth $33,000. Sierra Ocean LLC bought a new position in Barclays during the 4th quarter worth $38,000. TD Private Client Wealth LLC raised its holdings in Barclays by 135.5% during the 4th quarter. TD Private Client Wealth LLC now owns 2,916 shares of the financial services provider's stock worth $39,000 after purchasing an additional 1,678 shares during the last quarter. Finally, Versant Capital Management Inc acquired a new position in Barclays in the fourth quarter valued at $44,000. 3.39% of the stock is currently owned by institutional investors.

Barclays Stock Up 5.0 %

BCS traded up $0.73 during midday trading on Tuesday, reaching $15.23. 19,982,154 shares of the company were exchanged, compared to its average volume of 14,686,542. The company has a market cap of $54.55 billion, a price-to-earnings ratio of 8.28, a price-to-earnings-growth ratio of 0.39 and a beta of 1.11. Barclays PLC has a one year low of $9.55 and a one year high of $16.34. The company's fifty day moving average price is $15.09 and its 200 day moving average price is $14.01. The company has a debt-to-equity ratio of 5.33, a quick ratio of 1.29 and a current ratio of 1.29.

Barclays (NYSE:BCS - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The financial services provider reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.19 by $0.15. Barclays had a return on equity of 7.74% and a net margin of 20.81%. As a group, analysts expect that Barclays PLC will post 2 EPS for the current year.

Barclays Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Friday, April 4th. Investors of record on Friday, February 28th were issued a dividend of $0.2737 per share. The ex-dividend date was Friday, February 28th. This is a boost from Barclays's previous semi-annual dividend of $0.27. This represents a yield of 2.7%. Barclays's payout ratio is 29.89%.

Analyst Ratings Changes

Several brokerages have recently commented on BCS. BNP Paribas raised shares of Barclays from a "neutral" rating to an "outperform" rating in a research report on Tuesday, March 4th. StockNews.com downgraded Barclays from a "buy" rating to a "hold" rating in a research note on Thursday, February 27th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Barclays has an average rating of "Moderate 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.