Bluebird Wealth Management LLC Invests $2.63 Million in Barclays PLC $BCS

Bluebird Wealth Management LLC bought a new position in shares of Barclays PLC (NYSE:BCS - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 103,270 shares of the financial services provider's stock, valued at approximately $2,628,000. Barclays accounts for 2.5% of Bluebird Wealth Management LLC's investment portfolio, making the stock its 10th biggest position.

A number of other institutional investors have also modified their holdings of BCS. NewEdge Advisors LLC grew its holdings in shares of Barclays by 72.8% during the 1st quarter. NewEdge Advisors LLC now owns 47,051 shares of the financial services provider's stock worth $723,000 after purchasing an additional 19,818 shares during the period. Sivia Capital Partners LLC grew its holdings in shares of Barclays by 19.6% during the 2nd quarter. Sivia Capital Partners LLC now owns 23,572 shares of the financial services provider's stock worth $438,000 after purchasing an additional 3,868 shares during the period. Rhumbline Advisers grew its holdings in shares of Barclays by 6.8% during the 2nd quarter. Rhumbline Advisers now owns 45,179 shares of the financial services provider's stock worth $840,000 after purchasing an additional 2,885 shares during the period. Flow Traders U.S. LLC purchased a new stake in shares of Barclays during the 2nd quarter worth about $451,000. Finally, Cerity Partners LLC boosted its holdings in Barclays by 3.2% in the 2nd quarter. Cerity Partners LLC now owns 243,698 shares of the financial services provider's stock worth $4,530,000 after acquiring an additional 7,604 shares during the period. Hedge funds and other institutional investors own 3.39% of the company's stock.

Analyst Ratings Changes

BCS has been the subject of a number of analyst reports. Citigroup restated a "neutral" rating on shares of Barclays in a report on Thursday, April 23rd. Weiss Ratings cut Barclays from a "buy (b)" rating to a "buy (b-)" rating in a report on Tuesday, April 21st. Erste Group Bank restated a "hold" rating on shares of Barclays in a report on Thursday, March 5th. Morgan Stanley restated an "overweight" rating on shares of Barclays in a report on Wednesday, February 11th. Finally, Zacks Research cut Barclays from a "strong-buy" rating to a "hold" rating in a report on Thursday, March 19th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold".

Barclays Stock Performance

Barclays stock opened at $24.01 on Thursday. The stock has a market cap of $82.78 billion, a P/E ratio of 10.00, a price-to-earnings-growth ratio of 0.42 and a beta of 1.01. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 5.94. The stock has a 50 day moving average of $22.53 and a 200-day moving average of $23.53. Barclays PLC has a 52 week low of $15.88 and a 52 week high of $27.70.

Barclays (NYSE:BCS - Get Free Report) last released its earnings results on Monday, April 27th. The financial services provider reported $0.76 EPS for the quarter, beating the consensus estimate of $0.75 by $0.01. The company had revenue of $5.07 billion during the quarter, compared to analysts' expectations of $10.88 billion. Barclays had a return on equity of 8.12% and a net margin of 21.10%. On average, analysts expect that Barclays PLC will post 2.75 EPS for the current fiscal year.

Barclays Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, February 20th were paid a dividend of $0.3069 per share. This represents a dividend yield of 236.0%. The ex-dividend date was Friday, February 20th. Barclays's dividend payout ratio is 24.17%.

Barclays Profile

Barclays PLC NYSE: BCS is a British multinational bank and financial services company headquartered in London. The firm provides a broad range of banking and financial products to individual, corporate and institutional customers. Its core activities span retail and business banking, credit cards and payments, corporate and investment banking, and wealth and investment management.

In retail and business banking, Barclays offers deposit accounts, mortgages, personal and business loans, and card services.

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