Independent Advisor Alliance Makes New Investment in Barclays PLC $BCS

Key Points

• Independent Advisor Alliance has made a new investment in Barclays PLC, purchasing 22,698 shares valued at approximately $349,000 during the first quarter.
• The company's last quarterly earnings reported an EPS of $0.62, exceeding analysts' expectations of $0.50, with revenues reaching $9.58 billion.
• Barclays has announced a semi-annual dividend of $0.1557, with a dividend yield of 210.0% and a payout ratio of 14.29%.

Independent Advisor Alliance acquired a new position in Barclays PLC (NYSE:BCS - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 22,698 shares of the financial services provider's stock, valued at approximately $349,000.

A number of other large investors have also recently bought and sold shares of the business. Natixis Advisors LLC boosted its holdings in Barclays by 78.7% in the first quarter. Natixis Advisors LLC now owns 8,892,766 shares of the financial services provider's stock worth $136,593,000 after purchasing an additional 3,917,785 shares in the last quarter. Bank of America Corp DE boosted its holdings in Barclays by 485.0% in the fourth quarter. Bank of America Corp DE now owns 6,680,869 shares of the financial services provider's stock worth $88,789,000 after purchasing an additional 5,538,912 shares in the last quarter. Northern Trust Corp boosted its holdings in Barclays by 20.5% in the fourth quarter. Northern Trust Corp now owns 6,059,544 shares of the financial services provider's stock worth $80,531,000 after purchasing an additional 1,029,401 shares in the last quarter. Deutsche Bank AG bought a new stake in Barclays during the fourth quarter valued at about $50,189,000. Finally, Duquesne Family Office LLC boosted its holdings in Barclays by 58.7% during the fourth quarter. Duquesne Family Office LLC now owns 3,186,855 shares of the financial services provider's stock valued at $42,353,000 after acquiring an additional 1,179,100 shares during the period. 3.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

BCS has been the subject of a number of recent analyst reports. Citigroup cut shares of Barclays from a "buy" rating to a "neutral" rating in a report on Friday, July 18th. Wall Street Zen cut shares of Barclays from a "buy" rating to a "hold" rating in a report on Sunday, July 13th. Morgan Stanley restated an "overweight" rating on shares of Barclays in a report on Wednesday, July 30th. Finally, Royal Bank Of Canada restated an "outperform" rating on shares of Barclays in a report on Wednesday, July 16th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy".

Barclays Stock Performance

Shares of BCS traded down $0.0450 during trading hours on Thursday, reaching $20.2150. 8,462,733 shares of the company traded hands, compared to its average volume of 14,578,061. The stock's fifty day moving average is $18.98 and its 200 day moving average is $16.94. The stock has a market cap of $71.37 billion, a P/E ratio of 9.32, a price-to-earnings-growth ratio of 0.48 and a beta of 1.15. The company has a debt-to-equity ratio of 5.70, a quick ratio of 1.38 and a current ratio of 1.38. Barclays PLC has a 1-year low of $11.22 and a 1-year high of $20.56.

Barclays (NYSE:BCS - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $0.62 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.12. The business 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%. Equities research analysts anticipate that Barclays PLC will post 2 earnings per share for the current fiscal year.

Barclays Cuts Dividend

The firm 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. This represents a yield of 210.0%. The ex-dividend date of this dividend is Friday, August 8th. Barclays's dividend payout ratio is 14.29%.

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.