110,239 Shares in Barclays PLC $BCS Bought by Calamos Wealth Management LLC

Key Points

• Calamos Wealth Management LLC acquired 110,239 shares of Barclays PLC, valued at approximately $2,049,000, in its recent 13F filing with the SEC during the second quarter.
• Barclays has received mixed ratings from analysts, including a downgrade from Citigroup to "neutral" and an upgrade by Zacks Research to "strong-buy," indicating varied investor sentiment about the stock's performance.
• The company reported a quarterly earnings per share (EPS) of $0.62, exceeding analysts' expectations, with a significant revenue of $9.58 billion compared to a forecast of $7.06 billion.

Calamos Wealth Management LLC acquired a new position in shares of Barclays PLC (NYSE:BCS) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 110,239 shares of the financial services provider's stock, valued at approximately $2,049,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in BCS. Elequin Capital LP acquired a new stake in Barclays in the 1st quarter valued at $30,000. Wealthquest Corp acquired a new stake in Barclays in the 1st quarter valued at $32,000. Zions Bancorporation National Association UT acquired a new stake in Barclays in the 1st quarter valued at $40,000. WPG Advisers LLC acquired a new stake in Barclays in the 1st quarter valued at $40,000. Finally, Wayfinding Financial LLC acquired a new stake in Barclays in the 1st quarter valued at $46,000. 3.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BCS has been the topic of several recent research reports. Citigroup lowered shares of Barclays from a "buy" rating to a "neutral" rating in a research note on Friday, July 18th. Royal Bank Of Canada reiterated an "outperform" rating on shares of Barclays in a research note on Wednesday, July 16th. Wall Street Zen lowered shares of Barclays from a "buy" rating to a "hold" rating in a research note on Friday, October 3rd. Weiss Ratings reiterated a "buy (b)" rating on shares of Barclays in a research note on Wednesday, October 8th. Finally, Zacks Research upgraded shares of Barclays from a "hold" rating to a "strong-buy" rating in a research note on Monday, September 29th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy".

Barclays Stock Performance

Shares of BCS opened at $19.38 on Friday. The firm has a 50-day moving average of $20.34 and a 200-day moving average of $18.33. Barclays PLC has a one year low of $12.14 and a one year high of $21.22. The company has a market cap of $67.76 billion, a PE ratio of 8.93, a price-to-earnings-growth ratio of 0.41 and a beta of 1.10. The company has a debt-to-equity ratio of 5.70, a current ratio of 1.38 and a quick ratio of 1.38.

Barclays (NYSE:BCS - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $9.58 billion during the quarter, compared to the consensus estimate of $7.06 billion. Barclays had a net margin of 22.11% and a return on equity of 8.49%. As a group, equities analysts forecast that Barclays PLC will post 2 earnings per share for the current year.

Barclays Cuts Dividend

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

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