Baird Financial Group Inc. bought a new position in shares of Barclays PLC (NYSE:BCS - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 75,771 shares of the financial services provider's stock, valued at approximately $1,164,000.
A number of other institutional investors have also added to or reduced their stakes in the company. Ballentine Partners LLC grew its stake in shares of Barclays by 2.2% in the first quarter. Ballentine Partners LLC now owns 31,547 shares of the financial services provider's stock worth $485,000 after purchasing an additional 668 shares during the last quarter. D Orazio & Associates Inc. grew its position in shares of Barclays by 2.1% during the 1st quarter. D Orazio & Associates Inc. now owns 36,873 shares of the financial services provider's stock valued at $566,000 after acquiring an additional 759 shares during the period. Forum Financial Management LP lifted its stake in shares of Barclays by 1.8% during the 4th quarter. Forum Financial Management LP now owns 48,199 shares of the financial services provider's stock valued at $641,000 after buying an additional 874 shares in the last quarter. Pacer Advisors Inc. lifted its stake in Barclays by 3.0% in the 1st quarter. Pacer Advisors Inc. now owns 31,540 shares of the financial services provider's stock worth $484,000 after purchasing an additional 909 shares in the last quarter. Finally, Modera Wealth Management LLC increased its holdings in shares of Barclays by 8.6% in the 1st quarter. Modera Wealth Management LLC now owns 11,934 shares of the financial services provider's stock worth $183,000 after buying an additional 945 shares during the last quarter. Institutional investors own 3.39% of the company's stock.
Barclays Trading Down 0.3%
BCS stock traded down $0.06 during trading on Friday, reaching $20.74. 6,549,906 shares of the stock were exchanged, compared to its average volume of 8,786,976. Barclays PLC has a 1 year low of $11.48 and a 1 year high of $20.82. The firm has a market capitalization of $73.21 billion, a price-to-earnings ratio of 9.56, a P/E/G ratio of 0.43 and a beta of 1.14. The business has a 50 day moving average price of $19.66 and a 200-day moving average price of $17.50. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 5.70.
Barclays (NYSE:BCS - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $0.62 earnings per share for the quarter, beating analysts' consensus estimates of $0.50 by $0.12. Barclays had a net margin of 22.11% and a return on equity of 8.49%. The business had revenue of $9.58 billion during the quarter, compared to analysts' expectations of $7.06 billion. On average, research analysts predict 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. Investors of record on Friday, August 8th will be issued a $0.1557 dividend. The ex-dividend date is Friday, August 8th. This represents a dividend yield of 210.0%. Barclays's payout ratio is 14.29%.
Wall Street Analysts Forecast Growth
BCS has been the subject of several research reports. Morgan Stanley reaffirmed an "overweight" rating on shares of Barclays in a research report on Tuesday, September 2nd. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Barclays in a report on Wednesday, July 16th. Wall Street Zen lowered shares of Barclays from a "buy" rating to a "hold" rating in a research note on Sunday, July 13th. Finally, Citigroup lowered shares of Barclays from a "buy" rating to a "neutral" rating in a research report on Friday, July 18th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Barclays has a consensus rating of "Moderate Buy".
Check Out Our Latest Stock Report on Barclays
Barclays Profile
(
Free Report)
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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