Brooklyn Investment Group Increases Stock Position in Barclays PLC $BCS

Key Points

• Brooklyn Investment Group significantly increased its holdings in Barclays PLC by 870.4%, acquiring an additional 16,930 shares, totaling 18,875 shares valued at $290,000 at the end of the first quarter.
• Barclays reported strong quarterly earnings of $0.62 EPS, exceeding estimates of $0.50, and achieved revenues of $9.58 billion, surpassing expected figures of $7.06 billion.
• The company announced a semi-annual dividend of $0.1557 per share, to be paid on September 16th, reflecting a payout ratio of 14.29%.

Brooklyn Investment Group lifted its holdings in shares of Barclays PLC (NYSE:BCS - Free Report) by 870.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,875 shares of the financial services provider's stock after buying an additional 16,930 shares during the quarter. Brooklyn Investment Group's holdings in Barclays were worth $290,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of BCS. Mariner LLC lifted its stake in shares of Barclays by 7.5% during the 4th quarter. Mariner LLC now owns 162,632 shares of the financial services provider's stock valued at $2,161,000 after buying an additional 11,406 shares in the last quarter. Guggenheim Capital LLC increased its position in shares of Barclays by 165.7% during the fourth quarter. Guggenheim Capital LLC now owns 47,075 shares of the financial services provider's stock valued at $626,000 after buying an additional 29,360 shares during the period. NewEdge Advisors LLC increased its position in shares of Barclays by 126.7% in the fourth quarter. NewEdge Advisors LLC now owns 27,233 shares of the financial services provider's stock worth $362,000 after purchasing an additional 15,218 shares during the last quarter. Freedom Investment Management Inc. increased its holdings in shares of Barclays by 28.8% in the 4th quarter. Freedom Investment Management Inc. now owns 18,673 shares of the financial services provider's stock worth $248,000 after buying an additional 4,177 shares during the last quarter. Finally, First Trust Advisors LP bought a new position in shares of Barclays in the 4th quarter worth $1,097,000. 3.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BCS has been the topic of a number of research analyst reports. Morgan Stanley reissued an "overweight" rating on shares of Barclays in a report on Wednesday, July 30th. Wall Street Zen lowered shares of Barclays from a "buy" rating to a "hold" rating in a report on Sunday, July 13th. Citigroup lowered shares of Barclays from a "buy" rating to a "neutral" rating in a report on Friday, July 18th. Finally, Royal Bank Of Canada reiterated an "outperform" rating on shares of Barclays in a research report on Wednesday, July 16th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy".

Barclays Trading Up 0.3%

Shares of Barclays stock traded up $0.0650 on Monday, hitting $20.5350. The stock had a trading volume of 2,557,000 shares, compared to its average volume of 17,084,516. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 5.70. Barclays PLC has a one year low of $11.22 and a one year high of $20.58. The stock has a market cap of $72.50 billion, a price-to-earnings ratio of 9.46, a PEG ratio of 0.49 and a beta of 1.15. The stock's 50-day simple moving average is $19.04 and its two-hundred day simple moving average is $17.00.

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 the consensus estimate of $0.50 by $0.12. The business had revenue of $9.58 billion during the quarter, compared to analysts' expectations of $7.06 billion. Barclays had a net margin of 22.11% and a return on equity of 8.49%. As a group, sell-side analysts predict that Barclays PLC will post 2 EPS for the current year.

Barclays Cuts Dividend

The company also recently declared a semi-annual dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Friday, August 8th will be given a dividend of $0.1557 per share. The ex-dividend date of this dividend is Friday, August 8th. This represents a yield of 210.0%. Barclays's dividend payout ratio is presently 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.