Gator Capital Management LLC Sells 16,000 Shares of Barclays PLC $BCS

Key Points

• Gator Capital Management LLC reduced its stake in Barclays PLC by 3.0%, selling 16,000 shares during the first quarter, bringing their total holdings to 521,435 shares valued at approximately $8,009,000.
• Several institutional investors have increased their positions in Barclays, with Bank of America boosting its stake by 485.0% and Natixis Advisors lifting their holdings by 78.7%.
• Barclays recently announced a semi-annual dividend of $0.1557 per share, representing a yield of 210.0%, with a payout ratio of 14.29%.

Gator Capital Management LLC decreased its holdings in shares of Barclays PLC (NYSE:BCS - Free Report) by 3.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 521,435 shares of the financial services provider's stock after selling 16,000 shares during the period. Barclays makes up about 3.0% of Gator Capital Management LLC's portfolio, making the stock its 12th largest position. Gator Capital Management LLC's holdings in Barclays were worth $8,009,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Financial Management Professionals Inc. acquired a new position in Barclays during the first quarter worth $29,000. Wealthquest Corp acquired a new position in Barclays during the first quarter worth $32,000. Zions Bancorporation National Association UT bought a new stake in shares of Barclays in the 1st quarter worth $40,000. Wayfinding Financial LLC bought a new stake in shares of Barclays in the 1st quarter worth $46,000. Finally, Bessemer Group Inc. grew its stake in shares of Barclays by 1,539.6% in the 1st quarter. Bessemer Group Inc. now owns 4,509 shares of the financial services provider's stock worth $69,000 after acquiring an additional 4,234 shares in the last quarter. Institutional investors and hedge funds own 3.39% of the company's stock.

Barclays Stock Performance

BCS traded up $0.02 during trading on Monday, hitting $20.29. 8,176,884 shares of the company traded hands, compared to its average volume of 16,043,589. The firm has a market cap of $71.64 billion, a P/E ratio of 9.35, a price-to-earnings-growth ratio of 0.48 and a beta of 1.15. The stock's fifty day moving average is $18.82 and its 200 day moving average is $16.85. 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 one year low of $11.22 and a one year high of $20.56.

Barclays (NYSE:BCS - Get Free Report) last posted its quarterly 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. The company had revenue of $9.58 billion during 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%. As a group, equities analysts predict that Barclays PLC will post 2 EPS 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. Shareholders of record on Friday, August 8th will be given a dividend of $0.1557 per share. This represents a yield of 210.0%. The ex-dividend date is Friday, August 8th. Barclays's dividend payout ratio (DPR) is currently 14.29%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on BCS. Wall Street Zen lowered shares of Barclays from a "buy" rating to a "hold" rating in a research note on Sunday, July 13th. Citigroup lowered shares of Barclays from a "buy" rating to a "neutral" rating in a research note on Friday, July 18th. Morgan Stanley reiterated an "overweight" rating on shares of Barclays in a research note on Wednesday, July 30th. Finally, Royal Bank Of Canada reiterated an "outperform" rating on shares of Barclays in a research note on Wednesday, July 16th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy".

About Barclays

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.