FORA Capital LLC Invests $697,000 in Barclays PLC $BCS

Key Points

• FORA Capital LLC acquired a new stake in Barclays PLC, purchasing 45,393 shares valued at approximately $697,000 during the first quarter of the year.
• Barclays reported earnings of $0.62 per share for the latest quarter, exceeding analyst expectations of $0.50, with revenue of $9.58 billion against a projected $7.06 billion.
• The company has recently declared a semi-annual dividend of $0.1557 per share, indicating a dividend yield of 210.0%, although it has faced recent rating changes from analysts.

FORA Capital LLC purchased a new position in shares of Barclays PLC (NYSE:BCS - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 45,393 shares of the financial services provider's stock, valued at approximately $697,000.

A number of other institutional investors have also recently bought and sold shares of the stock. NewEdge Advisors LLC lifted its stake in Barclays by 126.7% during the fourth quarter. NewEdge Advisors LLC now owns 27,233 shares of the financial services provider's stock valued at $362,000 after buying an additional 15,218 shares in the last quarter. First Trust Advisors LP purchased a new position in Barclays during the 4th quarter worth approximately $1,097,000. MGO One Seven LLC purchased a new position in Barclays during the 4th quarter worth approximately $221,000. Integrated Wealth Concepts LLC grew its position in Barclays by 4.4% during the 4th quarter. Integrated Wealth Concepts LLC now owns 36,533 shares of the financial services provider's stock worth $486,000 after purchasing an additional 1,552 shares in the last quarter. Finally, Voya Investment Management LLC grew its position in Barclays by 104.9% during the 4th quarter. Voya Investment Management LLC now owns 167,961 shares of the financial services provider's stock worth $2,232,000 after purchasing an additional 86,006 shares in the last quarter. Hedge funds and other institutional investors own 3.39% of the company's stock.

Barclays Stock Performance

NYSE:BCS traded down $0.40 during mid-day trading on Monday, hitting $19.64. 8,558,544 shares of the company's stock traded hands, compared to its average volume of 10,665,398. The firm has a 50 day moving average of $19.29 and a two-hundred day moving average of $17.18. Barclays PLC has a 12 month low of $11.22 and a 12 month high of $20.58. The firm has a market capitalization of $69.32 billion, a price-to-earnings ratio of 9.05, a price-to-earnings-growth ratio of 0.47 and a beta of 1.14. 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 (NYSE:BCS - Get Free Report) last announced its earnings results on Tuesday, July 29th. The financial services provider reported $0.62 earnings per share for the quarter, beating 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 firm had revenue of $9.58 billion during the quarter, compared to the consensus estimate of $7.06 billion. On average, equities analysts forecast that Barclays PLC will post 2 earnings per share for the current fiscal year.

Barclays Cuts Dividend

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

Analyst Upgrades and Downgrades

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

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.