Cambiar Investors LLC Lowers Position in Barclays PLC $BCS

Key Points

• Cambiar Investors LLC reduced its stake in Barclays PLC by 8.0%, owning 1,405,389 shares worth approximately $21.6 million after selling 122,156 shares in the first quarter.
• Barclays reported $0.62 earnings per share for the most recent quarter, exceeding estimates of $0.50, alongside a revenue of $9.58 billion compared to an expected $7.06 billion.
• Analysts have mixed ratings on Barclays, with two firms maintaining "hold" ratings and five giving a "buy" rating, resulting in an average rating of "Moderate Buy" for the stock.

Cambiar Investors LLC decreased its position in Barclays PLC (NYSE:BCS - Free Report) by 8.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,405,389 shares of the financial services provider's stock after selling 122,156 shares during the period. Cambiar Investors LLC's holdings in Barclays were worth $21,587,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. boosted its holdings in Barclays by 5.7% in the 4th quarter. Russell Investments Group Ltd. now owns 182,404 shares of the financial services provider's stock valued at $2,424,000 after purchasing an additional 9,911 shares in the last quarter. Rockefeller Capital Management L.P. lifted its holdings in shares of Barclays by 0.9% in the 4th quarter. Rockefeller Capital Management L.P. now owns 202,599 shares of the financial services provider's stock valued at $2,691,000 after buying an additional 1,800 shares during the period. Townsquare Capital LLC boosted its stake in shares of Barclays by 2.4% in the fourth quarter. Townsquare Capital LLC now owns 64,957 shares of the financial services provider's stock valued at $863,000 after buying an additional 1,497 shares in the last quarter. Mariner LLC grew its holdings in Barclays by 7.5% during the fourth quarter. Mariner LLC now owns 162,632 shares of the financial services provider's stock worth $2,161,000 after acquiring an additional 11,406 shares during the period. Finally, Guggenheim Capital LLC raised its position in Barclays by 165.7% in the fourth quarter. Guggenheim Capital LLC now owns 47,075 shares of the financial services provider's stock worth $626,000 after acquiring an additional 29,360 shares in the last quarter. 3.39% of the stock is owned by hedge funds and other institutional investors.

Barclays Price Performance

Shares of NYSE:BCS traded up $0.1350 on Wednesday, hitting $20.2550. The company had a trading volume of 10,693,660 shares, compared to its average volume of 17,292,193. The company has a market cap of $71.51 billion, a PE ratio of 9.33, a PEG ratio of 0.48 and a beta of 1.15. The business has a 50 day moving average of $18.87 and a 200 day moving average of $16.87. Barclays PLC has a 52-week low of $11.22 and a 52-week high of $20.56. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 5.70.

Barclays (NYSE:BCS - Get Free Report) last announced its 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. Barclays had a net margin of 22.11% and a return on equity of 8.49%. The firm had revenue of $9.58 billion during the quarter, compared to the consensus estimate of $7.06 billion. As a group, equities analysts anticipate 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. Shareholders of record on Friday, August 8th will be paid a dividend of $0.1557 per share. This represents a dividend yield of 210.0%. The ex-dividend date of this dividend is Friday, August 8th. Barclays's dividend payout ratio is currently 14.29%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on BCS. Citigroup lowered shares of Barclays from a "buy" rating to a "neutral" rating in a research report on Friday, July 18th. Morgan Stanley reiterated an "overweight" rating on shares of Barclays in a research note on Wednesday, July 30th. Royal Bank Of Canada reissued an "outperform" rating on shares of Barclays in a report on Wednesday, July 16th. Finally, Wall Street Zen cut shares of Barclays from a "buy" rating to a "hold" rating in a report on Sunday, July 13th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Barclays 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.