Federation des caisses Desjardins du Quebec Has $2.60 Million Stock Position in Barclays PLC $BCS

Key Points

• Federation des caisses Desjardins du Quebec has reduced its stake in Barclays PLC by 58.4%, now holding 168,824 shares worth approximately $2.6 million.
• Barclays reported $0.62 earnings per share for the latest quarter, surpassing analysts' expectations of $0.50, with a revenue of $9.58 billion compared to an estimate of $7.06 billion.
• Barclays has recently announced a semi-annual dividend of $0.1557 per share, effective September 16, reflecting a yield of 210.0%.

Federation des caisses Desjardins du Quebec lessened its position in Barclays PLC (NYSE:BCS - Free Report) by 58.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 168,824 shares of the financial services provider's stock after selling 237,048 shares during the period. Federation des caisses Desjardins du Quebec's holdings in Barclays were worth $2,595,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Ballentine Partners LLC boosted its position in shares of Barclays by 2.2% during the first quarter. Ballentine Partners LLC now owns 31,547 shares of the financial services provider's stock worth $485,000 after buying an additional 668 shares during the period. D Orazio & Associates Inc. lifted its stake in Barclays by 2.1% in 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 in the last quarter. Forum Financial Management LP boosted its position in Barclays by 1.8% during the 4th quarter. Forum Financial Management LP now owns 48,199 shares of the financial services provider's stock worth $641,000 after acquiring an additional 874 shares during the last quarter. Pacer Advisors Inc. grew its stake in shares of Barclays by 3.0% during the 1st quarter. Pacer Advisors Inc. now owns 31,540 shares of the financial services provider's stock worth $484,000 after acquiring an additional 909 shares in the last quarter. Finally, Modera Wealth Management LLC raised its holdings in shares of Barclays by 8.6% in the first quarter. Modera Wealth Management LLC now owns 11,934 shares of the financial services provider's stock valued at $183,000 after purchasing an additional 945 shares during the last quarter. Institutional investors own 3.39% of the company's stock.

Analyst Upgrades and Downgrades

BCS has been the subject of several recent research reports. Citigroup cut shares of Barclays from a "buy" rating to a "neutral" rating in a report on Friday, July 18th. Royal Bank Of Canada reiterated an "outperform" rating on shares of Barclays in a report on Wednesday, July 16th. Morgan Stanley reaffirmed an "overweight" rating on shares of Barclays in a research report on Tuesday, September 2nd. Finally, Wall Street Zen cut shares of Barclays from a "buy" rating to a "hold" rating in a research note on Sunday, July 13th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy".

Barclays Stock Performance

Shares of NYSE BCS traded up $0.30 during midday trading on Thursday, hitting $20.79. 8,923,553 shares of the company's stock were exchanged, compared to its average volume of 8,766,738. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 5.70. The firm has a market capitalization of $73.40 billion, a PE ratio of 9.58, a price-to-earnings-growth ratio of 0.42 and a beta of 1.14. Barclays PLC has a 12 month low of $11.42 and a 12 month high of $20.81. The company's 50 day moving average price is $19.61 and its 200 day moving average price is $17.45.

Barclays (NYSE:BCS - Get Free Report) last posted 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 return on equity of 8.49% and a net margin of 22.11%.The business had revenue of $9.58 billion for the quarter, compared to analysts' expectations of $7.06 billion. As a group, analysts predict that Barclays PLC will post 2 earnings per share for the current fiscal year.

Barclays Cuts Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Tuesday, September 16th. Investors of record on Friday, August 8th will be given a dividend of $0.1557 per share. This represents a yield of 210.0%. The ex-dividend date of this dividend is Friday, August 8th. Barclays's dividend payout ratio (DPR) is currently 14.29%.

Barclays Company Profile

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.