Duquesne Family Office LLC Buys 630,450 Shares of Barclays PLC $BCS

Key Points

• Duquesne Family Office LLC increased its stake in Barclays PLC by 19.8%, owning 3,817,305 shares after purchasing an additional 630,450 shares, making Barclays its 15th largest position.
• Barclays recently reported $0.62 EPS for the quarter, exceeding analysts' expectations, with revenue of $9.58 billion compared to an estimate of $7.06 billion.
• The company announced a semi-annual dividend of $0.1557 per share, with a payout ratio of 14.29% and a dividend yield of 210.0%.

Duquesne Family Office LLC raised its position in Barclays PLC (NYSE:BCS - Free Report) by 19.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,817,305 shares of the financial services provider's stock after acquiring an additional 630,450 shares during the period. Barclays comprises approximately 1.9% of Duquesne Family Office LLC's holdings, making the stock its 15th largest holding. Duquesne Family Office LLC owned 0.11% of Barclays worth $58,634,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Ballentine Partners LLC raised its holdings in Barclays by 2.2% in the 1st quarter. Ballentine Partners LLC now owns 31,547 shares of the financial services provider's stock valued at $485,000 after acquiring an additional 668 shares in the last quarter. D Orazio & Associates Inc. raised its holdings in shares of Barclays by 2.1% in the 1st quarter. D Orazio & Associates Inc. now owns 36,873 shares of the financial services provider's stock worth $566,000 after buying an additional 759 shares in the last quarter. Forum Financial Management LP raised its holdings in shares of Barclays by 1.8% in the 4th quarter. Forum Financial Management LP now owns 48,199 shares of the financial services provider's stock worth $641,000 after buying an additional 874 shares in the last quarter. Pacer Advisors Inc. raised its holdings in shares of Barclays by 3.0% in the 1st quarter. Pacer Advisors Inc. now owns 31,540 shares of the financial services provider's stock worth $484,000 after buying an additional 909 shares in the last quarter. Finally, Modera Wealth Management LLC raised its holdings in shares of Barclays by 8.6% in the 1st quarter. Modera Wealth Management LLC now owns 11,934 shares of the financial services provider's stock worth $183,000 after buying an additional 945 shares in the last quarter. Institutional investors and hedge funds own 3.39% of the company's stock.

Barclays Stock Performance

Shares of Barclays stock traded up $0.39 on Tuesday, hitting $20.33. The stock had a trading volume of 8,257,616 shares, compared to its average volume of 16,647,947. Barclays PLC has a twelve month low of $11.22 and a twelve month high of $20.58. The business's 50 day moving average is $19.47 and its two-hundred day moving average is $17.37. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 5.70. The stock has a market cap of $71.76 billion, a price-to-earnings ratio of 9.37, a price-to-earnings-growth ratio of 0.42 and a beta of 1.14.

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

Barclays Cuts Dividend

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

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on BCS shares. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Barclays in a report on Wednesday, July 16th. Morgan Stanley reiterated an "overweight" rating on shares of Barclays in a research report on Tuesday, September 2nd. Wall Street Zen lowered shares of Barclays from a "buy" rating to a "hold" rating in a research note on Sunday, July 13th. Finally, Citigroup downgraded shares of Barclays from a "buy" rating to a "neutral" rating in a report on Friday, July 18th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, Barclays 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.