Independent Advisor Alliance Invests $349,000 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 stake in Barclays PLC (NYSE:BCS - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 22,698 shares of the financial services provider's stock, valued at approximately $349,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Financial Management Professionals Inc. acquired a new stake in shares of Barclays in the first quarter valued at approximately $29,000. Wealthquest Corp acquired a new stake in shares of Barclays in the first quarter valued at approximately $32,000. Zions Bancorporation National Association UT acquired a new stake in shares of Barclays in the first quarter valued at approximately $40,000. Wayfinding Financial LLC acquired a new stake in shares of Barclays in the first quarter valued at approximately $46,000. Finally, Bessemer Group Inc. raised its holdings in shares of Barclays by 1,539.6% in the first quarter. Bessemer Group Inc. now owns 4,509 shares of the financial services provider's stock valued at $69,000 after purchasing an additional 4,234 shares during the last quarter. 3.39% of the stock is currently owned by institutional investors and hedge funds.

Barclays Stock Performance

BCS stock traded down $0.1650 during midday trading on Tuesday, reaching $20.1250. 10,530,280 shares of the company were exchanged, compared to its average volume of 17,334,221. 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 business has a 50-day moving average price of $18.82 and a two-hundred day moving average price of $16.85. Barclays PLC has a one year low of $11.22 and a one year high of $20.56. The firm has a market capitalization of $71.05 billion, a price-to-earnings ratio of 9.27, a price-to-earnings-growth ratio of 0.48 and a beta of 1.15.

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

Barclays Cuts Dividend

The business 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 dividend of $0.1557 per share. This represents a yield of 210.0%. The ex-dividend date of this dividend is Friday, August 8th. Barclays's payout ratio is 14.29%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on BCS shares. Morgan Stanley reiterated an "overweight" rating on shares of Barclays in a report on Wednesday, July 30th. Wall Street Zen cut shares of Barclays from a "buy" rating to a "hold" rating in a research note on Sunday, July 13th. Royal Bank Of Canada reissued an "outperform" rating on shares of Barclays in a research note on Wednesday, July 16th. Finally, Citigroup cut shares of Barclays from a "buy" rating to a "neutral" rating in a research note on Friday, July 18th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus 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.