Ellevest Inc. Purchases New Position in Barclays PLC (NYSE:BCS)

Ellevest Inc. purchased a new stake in shares of Barclays PLC (NYSE:BCS - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 22,129 shares of the financial services provider's stock, valued at approximately $294,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Henry James International Management Inc. bought a new position in Barclays in the fourth quarter worth approximately $438,000. ABC Arbitrage SA bought a new position in Barclays in the fourth quarter worth approximately $21,514,000. Stonehage Fleming Financial Services Holdings Ltd bought a new position in Barclays in the fourth quarter worth approximately $599,000. Allspring Global Investments Holdings LLC boosted its position in Barclays by 3,073.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 689,413 shares of the financial services provider's stock valued at $9,052,000 after acquiring an additional 667,687 shares in the last quarter. Finally, Neuberger Berman Group LLC boosted its position in Barclays by 51.0% during the 4th quarter. Neuberger Berman Group LLC now owns 579,964 shares of the financial services provider's stock valued at $7,708,000 after acquiring an additional 195,825 shares in the last quarter. 3.39% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on BCS. StockNews.com cut Barclays from a "buy" rating to a "hold" rating in a research report on Thursday, February 27th. BNP Paribas raised Barclays from a "neutral" rating to an "outperform" rating in a research report on Tuesday, March 4th.

Barclays Stock Performance

BCS stock traded up $0.27 during midday trading on Wednesday, reaching $17.27. The stock had a trading volume of 21,088,885 shares, compared to its average volume of 14,552,457. The stock has a market cap of $61.86 billion, a PE ratio of 9.39, a P/E/G ratio of 0.39 and a beta of 1.10. The company has a debt-to-equity ratio of 5.33, a quick ratio of 1.29 and a current ratio of 1.29. The firm has a fifty day simple moving average of $15.28 and a two-hundred day simple moving average of $14.39. Barclays PLC has a 52-week low of $10.17 and a 52-week high of $17.37.

Barclays (NYSE:BCS - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.65 earnings per share for the quarter, beating analysts' consensus estimates of $0.61 by $0.04. The business had revenue of $10.32 billion during the quarter, compared to analyst estimates of $8.37 billion. Barclays had a return on equity of 7.74% and a net margin of 20.81%. As a group, equities research analysts anticipate that Barclays PLC will post 2 EPS for the current year.

Barclays Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, February 28th were paid a dividend of $0.2737 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a dividend yield of 2.7%. This is a positive change from Barclays's previous semi-annual dividend of $0.27. Barclays's dividend payout ratio (DPR) is presently 27.92%.

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.