EJF Capital LLC Buys 16,700 Shares of Barclays PLC $BCS

Key Points

• EJF Capital LLC increased its stake in Barclays PLC by 9.7%, owning 188,200 shares valued at approximately $2.89 million after purchasing an additional 16,700 shares in the first quarter.
• Barclays recently declared a semi-annual dividend of $0.1557 per share, with a dividend yield of 2.10%, set to be paid on September 16th.
• Analysts have mixed opinions on Barclays, with ratings ranging from "buy" to "hold," leading to a consensus rating of "Moderate Buy."

EJF Capital LLC raised its stake in shares of Barclays PLC (NYSE:BCS - Free Report) by 9.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 188,200 shares of the financial services provider's stock after buying an additional 16,700 shares during the period. Barclays comprises about 1.8% of EJF Capital LLC's investment portfolio, making the stock its 23rd biggest holding. EJF Capital LLC's holdings in Barclays were worth $2,891,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Financial Management Professionals Inc. acquired a new stake in shares of Barclays during the 1st quarter valued at $29,000. Elequin Capital LP acquired a new stake in shares of Barclays during the 1st quarter valued at $30,000. Wealthquest Corp acquired a new stake in shares of Barclays during the 1st quarter valued at $32,000. Zions Bancorporation National Association UT acquired a new stake in shares of Barclays during the 1st quarter valued at $40,000. Finally, WPG Advisers LLC acquired a new stake in shares of Barclays during the 1st quarter valued at $40,000. Institutional investors and hedge funds own 3.39% of the company's stock.

Barclays Stock Performance

BCS traded up $0.22 during trading on Monday, hitting $19.93. The stock had a trading volume of 9,129,228 shares, compared to its average volume of 16,697,949. The firm has a market cap of $70.35 billion, a PE ratio of 9.18, a P/E/G ratio of 0.42 and a beta of 1.14. Barclays PLC has a 12 month low of $11.22 and a 12 month high of $20.58. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 5.70. The company has a 50 day simple moving average of $19.44 and a 200-day simple moving average of $17.34.

Barclays (NYSE:BCS - Get Free Report) last posted its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $7.06 billion. Analysts expect that Barclays PLC will post 2 EPS for the current year.

Barclays Cuts Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on BCS. Wall Street Zen lowered shares of Barclays from a "buy" rating to a "hold" rating in a research note on Sunday, July 13th. Morgan Stanley reaffirmed an "overweight" rating on shares of Barclays in a research note on Tuesday, September 2nd. Citigroup lowered shares of Barclays from a "buy" rating to a "neutral" rating in a research note on Friday, July 18th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Barclays in a research note on Wednesday, July 16th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy".

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.