Kovitz Investment Group Partners LLC cut its stake in shares of Barclays PLC (NYSE:BCS - Free Report) by 22.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 69,628 shares of the financial services provider's stock after selling 19,939 shares during the period. Kovitz Investment Group Partners LLC's holdings in Barclays were worth $1,069,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the stock. Natixis Advisors LLC lifted its position in Barclays by 78.7% during the first quarter. Natixis Advisors LLC now owns 8,892,766 shares of the financial services provider's stock worth $136,593,000 after acquiring an additional 3,917,785 shares during the last quarter. Bank of America Corp DE increased its stake in Barclays by 485.0% in the fourth quarter. Bank of America Corp DE now owns 6,680,869 shares of the financial services provider's stock valued at $88,789,000 after acquiring an additional 5,538,912 shares during the last quarter. Northern Trust Corp increased its stake in Barclays by 20.5% in the fourth quarter. Northern Trust Corp now owns 6,059,544 shares of the financial services provider's stock valued at $80,531,000 after acquiring an additional 1,029,401 shares during the last quarter. Deutsche Bank AG bought a new position in Barclays in the fourth quarter valued at approximately $50,189,000. Finally, Duquesne Family Office LLC increased its holdings in shares of Barclays by 58.7% during the fourth quarter. Duquesne Family Office LLC now owns 3,186,855 shares of the financial services provider's stock worth $42,353,000 after buying an additional 1,179,100 shares in the last quarter. 3.39% of the stock is currently owned by institutional investors and hedge funds.
Barclays Stock Up 1.2%
NYSE BCS traded up $0.2350 during trading hours on Friday, hitting $20.4550. The company's stock had a trading volume of 8,055,060 shares, compared to its average volume of 13,965,366. Barclays PLC has a 52 week low of $11.22 and a 52 week high of $20.58. The company has a market capitalization of $72.22 billion, a PE ratio of 9.43, a price-to-earnings-growth ratio of 0.49 and a beta of 1.15. 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's 50-day simple moving average is $19.04 and its two-hundred day simple moving average is $16.99.
Barclays (NYSE:BCS - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $0.62 EPS for the quarter, beating the consensus estimate of $0.50 by $0.12. The firm had revenue of $9.58 billion during the quarter, compared to analyst estimates of $7.06 billion. Barclays had a net margin of 22.11% and a return on equity of 8.49%. Research analysts anticipate that Barclays PLC will post 2 EPS for the current fiscal year.
Barclays Cuts Dividend
The company also recently disclosed a semi-annual dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Friday, August 8th will be paid a $0.1557 dividend. The ex-dividend date is Friday, August 8th. This represents a yield of 210.0%. Barclays's dividend payout ratio (DPR) is 14.29%.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on the stock. Citigroup downgraded shares of Barclays from a "buy" rating to a "neutral" rating in a report on Friday, July 18th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Barclays in a research report on Wednesday, July 16th. Morgan Stanley reissued an "overweight" rating on shares of Barclays in a research report on Wednesday, July 30th. Finally, Wall Street Zen cut shares of Barclays from a "buy" rating to a "hold" rating in a research report on Sunday, July 13th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy".
Check Out Our Latest Analysis on Barclays
About Barclays
(
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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