Cambiar Investors LLC Has $20.74 Million Position in Barclays PLC $BCS

Key Points

• Cambiar Investors LLC trimmed its stake in Barclays by 8.2% in Q4, selling 72,731 shares and leaving it with 814,900 shares valued at $20.74 million.
• Barclays beat estimates for the quarter, reporting $0.46 EPS versus $0.42 expected and $9.53 billion in revenue versus $9.23 billion, with analysts projecting about $2.00 EPS for the year.
• The stock has a market cap of $81.89 billion and a P/E of 10.37; Barclays paid a $0.3069 dividend (record Feb 20, paid Mar 31) and analyst coverage averages a "Moderate Buy" (three Buy, three Hold).

Cambiar Investors LLC reduced its stake in shares of Barclays PLC (NYSE:BCS) by 8.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 814,900 shares of the financial services provider's stock after selling 72,731 shares during the quarter. Cambiar Investors LLC's holdings in Barclays were worth $20,739,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Oppenheimer & Co. Inc. increased its stake in shares of Barclays by 1.1% in the third quarter. Oppenheimer & Co. Inc. now owns 42,600 shares of the financial services provider's stock valued at $881,000 after buying an additional 482 shares in the last quarter. Diversified Trust Co. increased its stake in shares of Barclays by 0.4% in the fourth quarter. Diversified Trust Co. now owns 122,957 shares of the financial services provider's stock valued at $3,129,000 after buying an additional 507 shares in the last quarter. Parallel Advisors LLC increased its stake in shares of Barclays by 3.0% in the third quarter. Parallel Advisors LLC now owns 19,183 shares of the financial services provider's stock valued at $397,000 after buying an additional 563 shares in the last quarter. Quadrant Capital Group LLC increased its stake in shares of Barclays by 0.4% in the third quarter. Quadrant Capital Group LLC now owns 152,351 shares of the financial services provider's stock valued at $3,149,000 after buying an additional 633 shares in the last quarter. Finally, Wedmont Private Capital increased its stake in shares of Barclays by 5.6% in the fourth quarter. Wedmont Private Capital now owns 12,063 shares of the financial services provider's stock valued at $312,000 after buying an additional 643 shares in the last quarter. 3.39% of the stock is currently owned by institutional investors and hedge funds.

Barclays Price Performance

Barclays stock opened at $23.75 on Friday. The business's 50-day simple moving average is $23.38 and its 200 day simple moving average is $23.17. The stock has a market cap of $81.89 billion, a price-to-earnings ratio of 10.37, a P/E/G ratio of 0.46 and a beta of 0.97. Barclays PLC has a 12-month low of $13.42 and a 12-month high of $27.70. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 5.45.

Barclays (NYSE:BCS - Get Free Report) last posted its quarterly earnings results on Tuesday, February 10th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.04. Barclays had a return on equity of 8.33% and a net margin of 21.91%.The business had revenue of $9.53 billion for the quarter, compared to analysts' expectations of $9.23 billion. As a group, research analysts anticipate that Barclays PLC will post 2 earnings per share for the current year.

Barclays Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, February 20th were issued a dividend of $0.3069 per share. The ex-dividend date was Friday, February 20th. This represents a yield of 236.0%. Barclays's dividend payout ratio (DPR) is 25.33%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Weiss Ratings restated a "buy (b-)" rating on shares of Barclays in a research note on Tuesday, December 23rd. Royal Bank Of Canada restated an "outperform" rating on shares of Barclays in a research note on Friday, February 13th. Erste Group Bank restated a "hold" rating on shares of Barclays in a research note on Thursday, March 5th. Zacks Research lowered Barclays from a "strong-buy" rating to a "hold" rating in a research note on Thursday, March 19th. Finally, Morgan Stanley reiterated an "overweight" rating on shares of Barclays in a report on Wednesday, February 11th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy".

About Barclays

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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