Capital Fund Management S.A. Sells 137,845 Shares of Barclays PLC $BCS

Key Points

• Capital Fund Management S.A. has reduced its stake in Barclays PLC by 24.4%, holding 428,023 shares valued at approximately $6.57 million.
• Barclays reported EPS of $0.62 for the last quarter, exceeding analysts' expectations and achieving revenue of $9.58 billion.
• The company has announced a semi-annual dividend of $0.1557 per share, with a yield of 210.0% as of the ex-dividend date.

Capital Fund Management S.A. decreased its position in shares of Barclays PLC (NYSE:BCS - Free Report) by 24.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 428,023 shares of the financial services provider's stock after selling 137,845 shares during the quarter. Capital Fund Management S.A.'s holdings in Barclays were worth $6,574,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of BCS. Bank of America Corp DE lifted its position in Barclays by 485.0% during the fourth quarter. Bank of America Corp DE now owns 6,680,869 shares of the financial services provider's stock worth $88,789,000 after purchasing an additional 5,538,912 shares during the period. 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 purchasing an additional 3,917,785 shares during the period. Deutsche Bank AG bought a new stake in Barclays during the fourth quarter worth about $50,189,000. Duquesne Family Office LLC raised its stake in 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 acquiring an additional 1,179,100 shares in the last quarter. Finally, Northern Trust Corp raised its stake in Barclays by 20.5% during the fourth quarter. Northern Trust Corp now owns 6,059,544 shares of the financial services provider's stock worth $80,531,000 after acquiring an additional 1,029,401 shares in the last quarter. Institutional investors own 3.39% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on BCS shares. Morgan Stanley reissued 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 research note on Wednesday, July 16th. Wall Street Zen downgraded Barclays from a "buy" rating to a "hold" rating in a research note on Sunday, July 13th. Finally, Citigroup downgraded Barclays from a "buy" rating to a "neutral" rating in a research note on Friday, July 18th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Barclays presently has a consensus rating of "Moderate Buy".

Barclays Trading Down 1.2%

NYSE:BCS traded down $0.25 on Wednesday, reaching $20.16. 7,621,499 shares of the stock traded hands, compared to its average volume of 16,996,049. The firm has a market capitalization of $71.16 billion, a price-to-earnings ratio of 9.28, a price-to-earnings-growth ratio of 0.49 and a beta of 1.15. The company's 50 day moving average is $19.15 and its 200-day moving average is $17.06. 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 PLC has a 1-year low of $11.22 and a 1-year high of $20.58.

Barclays (NYSE:BCS - Get Free Report) last released its 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. The business had revenue of $9.58 billion during the quarter, compared to the consensus estimate of $7.06 billion. Barclays had a net margin of 22.11% and a return on equity of 8.49%. Equities research analysts anticipate that Barclays PLC will post 2 EPS for the current fiscal year.

Barclays Cuts Dividend

The company also recently announced a semi-annual dividend, which will be paid on Tuesday, September 16th. Shareholders 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 is currently 14.29%.

Barclays 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.