Barclays PLC $BCS Shares Sold by Fox Run Management L.L.C.

Key Points

• Fox Run Management L.L.C. decreased its stake in Barclays PLC by 72.1%, holding 19,121 shares now valued at $294,000.
• Barclays recently declared a semi-annual dividend of $0.1557 per share, leading to a yield of 210.0%, with a payout ratio of 14.29%.
• Wall Street analysts have mixed ratings for Barclays, with some downgrading from "buy" to "hold" or "neutral," while the company maintains a consensus rating of "Moderate Buy."

Fox Run Management L.L.C. lessened its stake in shares of Barclays PLC (NYSE:BCS - Free Report) by 72.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,121 shares of the financial services provider's stock after selling 49,456 shares during the quarter. Fox Run Management L.L.C.'s holdings in Barclays were worth $294,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Financial Management Professionals Inc. purchased a new position in shares of Barclays during the 1st quarter worth $29,000. Wealthquest Corp purchased a new position in shares of Barclays during the 1st quarter worth $32,000. Zions Bancorporation National Association UT purchased a new position in shares of Barclays during the 1st quarter worth $40,000. Wayfinding Financial LLC purchased a new position in shares of Barclays during the 1st quarter worth $46,000. Finally, Bessemer Group Inc. lifted its stake in shares of Barclays by 1,539.6% during the 1st quarter. Bessemer Group Inc. now owns 4,509 shares of the financial services provider's stock worth $69,000 after purchasing an additional 4,234 shares during the period. Hedge funds and other institutional investors own 3.39% of the company's stock.

Barclays Stock Up 1.2%

NYSE BCS traded up $0.2350 during trading hours on Friday, hitting $20.4550. The company had a trading volume of 8,055,060 shares, compared to its average volume of 13,965,366. Barclays PLC has a fifty-two week low of $11.22 and a fifty-two week high of $20.58. The company has a market capitalization of $72.22 billion, a price-to-earnings ratio of 9.43, a P/E/G ratio of 0.49 and a beta of 1.15. The company has a debt-to-equity ratio of 5.70, a current ratio of 1.38 and a quick ratio of 1.38. The firm's 50 day moving average is $19.04 and its 200 day moving average is $16.99.

Barclays (NYSE:BCS - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $0.62 earnings per share (EPS) 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. Sell-side analysts anticipate that Barclays PLC will post 2 earnings per share for the current fiscal year.

Barclays Cuts Dividend

The firm 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 dividend of $0.1557 per share. 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 Ratings Changes

A number of research analysts have weighed in on the company. Royal Bank Of Canada reissued an "outperform" rating on shares of Barclays in a research note on Wednesday, July 16th. Morgan Stanley reissued an "overweight" rating on shares of Barclays in a research note on Wednesday, July 30th. Wall Street Zen lowered Barclays from a "buy" rating to a "hold" rating in a research note on Sunday, July 13th. Finally, Citigroup downgraded Barclays from a "buy" rating to a "neutral" rating in a report on Friday, July 18th. 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 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.