Cetera Investment Advisers Invests $1.52 Million in Barclays PLC (NYSE:BCS)

Key Points

• Cetera Investment Advisers acquired a new stake in Barclays PLC during the first quarter, purchasing 98,627 shares valued at approximately $1.5 million.
• Several institutional investors have also made new investments in Barclays, with notable purchases including Wealthquest Corp and Burns Matteson Capital Management LLC, which bought shares valued at $32,000 and $150,000, respectively.
• Barclays reported earnings per share of $0.62 for the last quarter, exceeding estimates, and recently announced a semi-annual dividend of $0.1557 per share.

Cetera Investment Advisers purchased a new position in shares of Barclays PLC (NYSE:BCS - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 98,627 shares of the financial services provider's stock, valued at approximately $1,515,000.

Other large investors have also modified their holdings of the company. Bank of America Corp DE grew its holdings in Barclays by 485.0% in the 4th 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 buying an additional 5,538,912 shares in the last quarter. Northern Trust Corp lifted its stake in Barclays by 20.5% during the 4th 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. Causeway Capital Management LLC lifted its stake in Barclays by 8.9% during the 4th quarter. Causeway Capital Management LLC now owns 5,930,467 shares of the financial services provider's stock worth $78,816,000 after acquiring an additional 484,497 shares in the last quarter. Deutsche Bank AG acquired a new stake in Barclays in the 4th quarter valued at about $50,189,000. Finally, Duquesne Family Office LLC raised its position in Barclays by 58.7% in the 4th quarter. Duquesne Family Office LLC now owns 3,186,855 shares of the financial services provider's stock valued at $42,353,000 after purchasing an additional 1,179,100 shares in the last quarter. Hedge funds and other institutional investors own 3.39% of the company's stock.

Barclays Trading Up 1.7%

Barclays stock traded up $0.35 during trading on Tuesday, hitting $20.40. The company's stock had a trading volume of 10,968,374 shares, compared to its average volume of 19,007,122. The stock has a market capitalization of $72.02 billion, a price-to-earnings ratio of 9.40, a P/E/G ratio of 0.48 and a beta of 1.15. The stock's fifty day moving average is $18.58 and its 200 day moving average is $16.65. Barclays PLC has a 1-year low of $11.22 and a 1-year high of $20.43. The company has a debt-to-equity ratio of 5.70, a quick ratio of 1.38 and a current ratio of 1.38.

Barclays (NYSE:BCS - Get Free Report) last issued its earnings results on Tuesday, July 29th. The financial services provider reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.12. Barclays had a return on equity of 8.49% and a net margin of 22.11%. The company had revenue of $9.58 billion during the quarter, compared to the consensus estimate of $7.06 billion. As a group, equities research analysts predict that Barclays PLC will post 2 EPS for the current year.

Barclays Cuts Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Tuesday, September 16th. Investors of record on Friday, August 8th will be issued a $0.1557 dividend. The ex-dividend date of this dividend is Friday, August 8th. This represents a yield of 210.0%. Barclays's dividend payout ratio is currently 14.29%.

Wall Street Analyst Weigh In

Several research analysts have commented on BCS shares. Citigroup lowered Barclays from a "buy" rating to a "neutral" rating in a research report on Friday, July 18th. Morgan Stanley reaffirmed an "overweight" rating on shares of Barclays in a research report on Wednesday, July 30th. Wall Street Zen lowered Barclays from a "buy" rating to a "hold" rating in a research report on Sunday, July 13th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Barclays in a research report on Wednesday, July 16th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy".

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.