Corient Private Wealth LP Makes New $2.34 Million Investment in Barclays PLC $BCS

Key Points

• Corient Private Wealth LP acquired 87,038 Barclays shares during the second quarter, worth approximately $2.34 million. Other institutional investors also initiated or increased positions, though institutions and hedge funds collectively own just 3.39% of the stock.
• Barclays reported quarterly EPS of $0.90, exceeding estimates by $0.01, while revenue of $10.95 billion also topped consensus expectations. Analysts expect full-year EPS of approximately $2.85.
• Barclays paid a $0.3134-per-share dividend, and analyst sentiment remains cautious: four analysts rate the stock Buy and six rate it Hold, resulting in an overall “Hold” consensus.

Corient Private Wealth LP purchased a new position in shares of Barclays PLC (NYSE:BCS - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 87,038 shares of the financial services provider's stock, valued at approximately $2,338,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Endeavor Private Wealth Inc. acquired a new position in Barclays during the second quarter valued at approximately $254,000. HB Wealth Management LLC increased its holdings in Barclays by 3.6% during the second quarter. HB Wealth Management LLC now owns 27,669 shares of the financial services provider's stock worth $743,000 after buying an additional 959 shares during the last quarter. Angeles Wealth Management LLC bought a new stake in Barclays during the second quarter worth $215,000. Oakmont Investment Advisors Inc. acquired a new stake in Barclays in the second quarter valued at $618,000. Finally, Syon Capital LLC lifted its stake in Barclays by 1.3% in the second quarter. Syon Capital LLC now owns 34,667 shares of the financial services provider's stock valued at $931,000 after acquiring an additional 454 shares during the last quarter. 3.39% of the stock is currently owned by institutional investors and hedge funds.

Barclays Stock Performance

NYSE BCS opened at $24.98 on Wednesday. The stock has a market cap of $8.39 billion, a PE ratio of 9.32, a P/E/G ratio of 0.53 and a beta of 0.99. The company has a debt-to-equity ratio of 5.76, a quick ratio of 1.46 and a current ratio of 1.46. The firm has a 50-day moving average of $27.09 and a 200-day moving average of $25.01. Barclays PLC has a 52-week low of $19.29 and a 52-week high of $28.68.

Barclays (NYSE:BCS - Get Free Report) last posted its earnings results on Monday, July 27th. The financial services provider reported $0.90 EPS for the quarter, beating the consensus estimate of $0.89 by $0.01. The company had revenue of $10.95 billion for the quarter, compared to the consensus estimate of $10.78 billion. Barclays had a return on equity of 8.80% and a net margin of 22.27%. On average, sell-side analysts anticipate that Barclays PLC will post 2.85 EPS for the current year.

Barclays Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, September 15th. Stockholders of record on Friday, August 7th were issued a dividend of $0.3134 per share. The ex-dividend date of this dividend was Friday, August 7th. This represents a dividend yield of 224.0%. Barclays's dividend payout ratio (DPR) is currently 22.76%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BCS. Bank of America lowered shares of Barclays from a "buy" rating to a "neutral" rating in a research note on Tuesday, September 1st. Berenberg Bank initiated coverage on Barclays in a report on Wednesday, June 24th. They set a "buy" rating for the company. Citigroup restated a "neutral" rating on shares of Barclays in a research note on Thursday, July 16th. Morgan Stanley cut Barclays from an "overweight" rating to an "equal weight" rating in a research report on Wednesday, September 2nd. Finally, Weiss Ratings upgraded Barclays from a "buy (b-)" rating to a "buy (b)" rating in a research note on Monday, August 3rd. Four research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat.com, Barclays has an average rating of "Hold".

About Barclays

Barclays PLC NYSE: BCS is a diversified financial services company headquartered in London, United Kingdom. Founded in 1690, it has developed from a London-based banking business into an international group serving individuals, businesses, institutions and governments.

Barclays' principal activities include consumer and business banking, residential mortgages, savings and lending products, credit cards, payments, and wealth management. Through its investment banking operations, the company provides corporate finance, mergers and acquisitions advice, equity and debt underwriting, markets services, research, risk management and other advisory services to corporate, institutional and government clients.

The company serves customers primarily in the United Kingdom and the United States, while its corporate, investment banking and markets activities operate across major financial centers worldwide.

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