Compound Planning Inc. Takes Position in Barclays PLC $BCS

Key Points

• Compound Planning Inc. has acquired 97,881 shares of Barclays PLC, valued at approximately $1.5 million, as part of its first quarter investment strategy.
• Barclays recently reported quarterly earnings of $0.62 per share, surpassing estimates, with revenue of $9.58 billion compared to expectations of $7.06 billion.
• The company announced a semi-annual dividend of $0.1557 per share, which offers a yield of 210.0%, with a dividend payout ratio of 14.29%.

Compound Planning Inc. acquired a new position in Barclays PLC (NYSE:BCS - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 97,881 shares of the financial services provider's stock, valued at approximately $1,503,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Financial Management Professionals Inc. purchased a new stake in shares of Barclays in the 1st quarter worth $29,000. Elequin Capital LP purchased a new stake in shares of Barclays in the 1st quarter worth $30,000. Wealthquest Corp purchased a new stake in shares of Barclays in the 1st quarter worth $32,000. Zions Bancorporation National Association UT purchased a new stake in shares of Barclays in the 1st quarter worth $40,000. Finally, Wayfinding Financial LLC purchased a new stake in shares of Barclays in the 1st quarter worth $46,000. 3.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Barclays Price Performance

Barclays stock traded down $0.06 during mid-day trading on Thursday, reaching $20.08. 4,917,932 shares of the company's stock traded hands, compared to its average volume of 16,928,084. The company has a market cap of $70.88 billion, a price-to-earnings ratio of 9.26, a PEG ratio of 0.49 and a beta of 1.15. The stock has a 50 day moving average of $19.20 and a two-hundred day moving average of $17.08. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 5.70. Barclays PLC has a 12-month low of $11.22 and a 12-month high of $20.58.

Barclays (NYSE:BCS - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $0.12. The company had revenue of $9.58 billion for 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 analysts forecast that Barclays PLC will post 2 earnings per share for the current year.

Barclays Cuts Dividend

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

Barclays Company 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.