Baird Financial Group Inc. purchased a new stake in shares of Barclays PLC (NYSE:BCS - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 75,771 shares of the financial services provider's stock, valued at approximately $1,164,000.
Several other institutional investors have also modified their holdings of the stock. WPG Advisers LLC bought a new stake in shares of Barclays in the 1st quarter valued at approximately $40,000. Ieq Capital LLC lifted its stake in shares of Barclays by 18.3% during the 1st quarter. Ieq Capital LLC now owns 26,903 shares of the financial services provider's stock worth $413,000 after acquiring an additional 4,160 shares during the last quarter. FORA Capital LLC bought a new stake in shares of Barclays during the 1st quarter worth approximately $697,000. Freedom Investment Management Inc. lifted its stake in shares of Barclays by 177.5% during the 1st quarter. Freedom Investment Management Inc. now owns 51,819 shares of the financial services provider's stock worth $796,000 after acquiring an additional 33,146 shares during the last quarter. Finally, ICONIQ Capital LLC lifted its stake in shares of Barclays by 17.4% during the 1st quarter. ICONIQ Capital LLC now owns 27,353 shares of the financial services provider's stock worth $420,000 after acquiring an additional 4,054 shares during the last quarter. 3.39% of the stock is owned by institutional investors.
Barclays Stock Performance
Shares of BCS stock traded down $0.06 during mid-day trading on Friday, hitting $20.74. 5,037,847 shares of the stock were exchanged, compared to its average volume of 16,496,201. The stock's fifty day simple moving average is $19.61 and its two-hundred day simple moving average is $17.45. The stock has a market capitalization of $73.21 billion, a price-to-earnings ratio of 9.56, a P/E/G ratio of 0.42 and a beta of 1.14. Barclays PLC has a 12-month low of $11.48 and a 12-month high of $20.82. The company has a debt-to-equity ratio of 5.70, a quick ratio of 1.38 and a current ratio of 1.38.
Barclays (NYSE:BCS - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.50 by $0.12. Barclays had a return on equity of 8.49% and a net margin of 22.11%.The firm had revenue of $9.58 billion for the quarter, compared to analyst estimates of $7.06 billion. On average, analysts forecast that Barclays PLC will post 2 EPS for the current year.
Barclays Cuts Dividend
The company also recently announced a semi-annual dividend, which will be paid on Tuesday, September 16th. Investors of record on Friday, August 8th will be given a $0.1557 dividend. This represents a dividend yield of 210.0%. The ex-dividend date of this dividend is Friday, August 8th. Barclays's dividend payout ratio (DPR) is 14.29%.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on BCS shares. Citigroup lowered Barclays from a "buy" rating to a "neutral" rating in a research note on Friday, July 18th. Wall Street Zen downgraded Barclays from a "buy" rating to a "hold" rating in a research note on Sunday, July 13th. Morgan Stanley reissued an "overweight" rating on shares of Barclays in a report on Tuesday, September 2nd. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Barclays in a report on Wednesday, July 16th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy".
Check Out Our Latest Stock Analysis on BCS
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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