Janney Montgomery Scott LLC Acquires 34,958 Shares of Barclays PLC $BCS

Key Points

• Janney Montgomery Scott LLC acquired an additional 34,958 shares of Barclays PLC, increasing its holdings by 73.4% to a total of 82,575 shares valued at $1,535,000.
• Multiple institutional investors, including Fifth Third Bancorp and Ballentine Partners LLC, have also increased their stakes in Barclays during the second quarter.
• Analysts have mixed ratings on Barclays stock, with one rating it a Strong Buy, four as Buy, and one as Hold, resulting in a current consensus rating of "Buy."

Janney Montgomery Scott LLC raised its holdings in shares of Barclays PLC (NYSE:BCS) by 73.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 82,575 shares of the financial services provider's stock after purchasing an additional 34,958 shares during the period. Janney Montgomery Scott LLC's holdings in Barclays were worth $1,535,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Fifth Third Bancorp grew its holdings in shares of Barclays by 1.1% during the second quarter. Fifth Third Bancorp now owns 56,035 shares of the financial services provider's stock valued at $1,042,000 after buying an additional 599 shares during the last quarter. Ballentine Partners LLC grew its holdings in shares of Barclays by 2.2% during the first quarter. Ballentine Partners LLC now owns 31,547 shares of the financial services provider's stock valued at $485,000 after buying an additional 668 shares during the last quarter. RNC Capital Management LLC grew its holdings in shares of Barclays by 2.3% during the first quarter. RNC Capital Management LLC now owns 32,670 shares of the financial services provider's stock valued at $502,000 after buying an additional 735 shares during the last quarter. D Orazio & Associates Inc. grew its holdings in shares of Barclays by 2.1% during the first quarter. D Orazio & Associates Inc. now owns 36,873 shares of the financial services provider's stock valued at $566,000 after buying an additional 759 shares during the last quarter. Finally, Baron Wealth Management LLC grew its holdings in shares of Barclays by 2.8% during the second quarter. Baron Wealth Management LLC now owns 32,937 shares of the financial services provider's stock valued at $612,000 after buying an additional 888 shares during the last quarter. Hedge funds and other institutional investors own 3.39% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on BCS shares. Morgan Stanley reiterated an "overweight" rating on shares of Barclays in a report on Monday, October 6th. Royal Bank Of Canada restated an "outperform" rating on shares of Barclays in a report on Wednesday, July 16th. Wall Street Zen cut shares of Barclays from a "buy" rating to a "hold" rating in a report on Friday, October 3rd. Weiss Ratings restated a "buy (b)" rating on shares of Barclays in a report on Wednesday. Finally, Citigroup cut shares of Barclays from a "buy" rating to a "neutral" rating in a report on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy".

Barclays Trading Down 0.9%

Shares of Barclays stock opened at $19.75 on Friday. The company's fifty day simple moving average is $20.30 and its 200-day simple moving average is $18.18. The stock has a market capitalization of $69.06 billion, a PE ratio of 9.10, a P/E/G ratio of 0.41 and a beta of 1.10. Barclays PLC has a 1-year low of $12.14 and a 1-year high of $21.22. The company has a debt-to-equity ratio of 5.70, a current ratio of 1.38 and a quick ratio of 1.38.

Barclays (NYSE:BCS - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.12. The business had revenue of $9.58 billion for the quarter, compared to analysts' expectations 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 anticipate that Barclays PLC will post 2 earnings per share for the current year.

Barclays Cuts Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Tuesday, September 16th. Stockholders of record on Friday, August 8th were given a dividend of $0.1557 per share. This represents a dividend yield of 210.0%. The ex-dividend date was Friday, August 8th. Barclays's dividend payout ratio (DPR) is presently 14.75%.

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.

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