Jump Financial LLC Buys New Stake in Barclays PLC $BCS

Jump Financial LLC purchased a new position in Barclays PLC (NYSE:BCS - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 22,133 shares of the financial services provider's stock, valued at approximately $340,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Financial Management Professionals Inc. purchased a new position in shares of Barclays in the 1st quarter worth about $29,000. Elequin Capital LP purchased a new stake in shares of Barclays in the 1st quarter valued at $30,000. Wealthquest Corp bought a new stake in Barclays in the first quarter worth $32,000. Zions Bancorporation National Association UT purchased a new stake in Barclays during the 1st quarter valued at about $40,000. Finally, Wayfinding Financial LLC bought a new position in shares of Barclays in the first quarter worth approximately $46,000. Hedge funds and other institutional investors own 3.39% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Wall Street Zen lowered Barclays from a "buy" rating to a "hold" rating in a research report on Sunday, July 13th. Citigroup downgraded Barclays from a "buy" rating to a "neutral" rating in a report on Friday, July 18th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Barclays in a research report on Wednesday, July 16th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of Barclays in a report on Tuesday. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Barclays currently has a consensus rating of "Moderate Buy".

Barclays Stock Performance

Shares of NYSE BCS traded down $0.40 during trading on Friday, hitting $19.72. The company had a trading volume of 11,237,864 shares, compared to its average volume of 9,084,942. Barclays PLC has a 12 month low of $11.22 and a 12 month high of $20.58. The company has a debt-to-equity ratio of 5.70, a quick ratio of 1.38 and a current ratio of 1.38. The firm has a market capitalization of $69.61 billion, a P/E ratio of 9.09, a price-to-earnings-growth ratio of 0.43 and a beta of 1.14. The stock has a 50 day simple moving average of $19.44 and a 200 day simple moving average of $17.31.

Barclays (NYSE:BCS - Get Free Report) last released its earnings results on Tuesday, July 29th. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.12. Barclays had a net margin of 22.11% and a return on equity of 8.49%. The company had revenue of $9.58 billion during the quarter, compared to analyst estimates of $7.06 billion. As a group, analysts anticipate that Barclays PLC will post 2 earnings per share for the current year.

Barclays Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Friday, August 8th will be paid a $0.1557 dividend. The ex-dividend date of this dividend is Friday, August 8th. This represents a dividend yield of 210.0%. Barclays's dividend payout ratio is 14.29%.

About Barclays

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.