NINE MASTS CAPITAL Ltd Makes New $13.27 Million Investment in Barclays PLC $BCS

Key Points

• NINE MASTS CAPITAL Ltd acquired 493,965 Barclays shares worth approximately $13.27 million in the second quarter, making Barclays its 13th-largest holding and representing about 1.3% of its portfolio.
• Analyst sentiment is broadly positive: five analysts rate Barclays a Buy and four rate it Hold, resulting in a consensus rating of “Moderate Buy.”
• Barclays exceeded quarterly expectations, reporting $0.90 in earnings per share versus the $0.89 consensus estimate and revenue of $10.95 billion versus expectations of $10.78 billion.

NINE MASTS CAPITAL Ltd acquired a new stake in shares of Barclays PLC (NYSE:BCS) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 493,965 shares of the financial services provider's stock, valued at approximately $13,268,000. Barclays accounts for about 1.3% of NINE MASTS CAPITAL Ltd's portfolio, making the stock its 13th largest holding.

A number of other institutional investors also recently bought and sold shares of the stock. NewEdge Advisors LLC grew its holdings in Barclays by 72.8% during the first quarter. NewEdge Advisors LLC now owns 47,051 shares of the financial services provider's stock valued at $723,000 after purchasing an additional 19,818 shares during the period. Sivia Capital Partners LLC raised its stake in shares of Barclays by 19.6% in the second quarter. Sivia Capital Partners LLC now owns 23,572 shares of the financial services provider's stock worth $438,000 after buying an additional 3,868 shares during the period. Rhumbline Advisers lifted its position in shares of Barclays by 6.8% during the 2nd quarter. Rhumbline Advisers now owns 45,179 shares of the financial services provider's stock valued at $840,000 after buying an additional 2,885 shares in the last quarter. Flow Traders U.S. LLC purchased a new position in shares of Barclays during the 2nd quarter valued at about $451,000. Finally, Cerity Partners LLC grew its stake in shares of Barclays by 3.2% during the 2nd quarter. Cerity Partners LLC now owns 243,698 shares of the financial services provider's stock valued at $4,530,000 after acquiring an additional 7,604 shares during the period. 3.39% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

BCS has been the topic of several analyst reports. Berenberg Bank started coverage on shares of Barclays in a report on Wednesday, June 24th. They set a "buy" rating on the stock. Citigroup reissued a "neutral" rating on shares of Barclays in a research note on Thursday, July 16th. Morgan Stanley restated an "overweight" rating on shares of Barclays in a research report on Thursday, July 2nd. Piper Sandler upgraded shares of Barclays from an "overweight" rating to a "buy" rating in a research note on Friday, June 12th. Finally, Weiss Ratings raised shares of Barclays from a "buy (b-)" rating to a "buy (b)" rating in a report on Monday, August 3rd. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Barclays currently has a consensus rating of "Moderate Buy".

Barclays Price Performance

Shares of NYSE:BCS opened at $26.91 on Monday. The firm has a market cap of $90.81 billion, a price-to-earnings ratio of 10.04, a P/E/G ratio of 0.47 and a beta of 1.00. The firm has a fifty day moving average price of $27.50 and a 200 day moving average price of $24.90. Barclays PLC has a fifty-two week low of $19.28 and a fifty-two week high of $28.68. The company has a debt-to-equity ratio of 5.76, a quick ratio of 1.46 and a current ratio of 1.46.

Barclays (NYSE:BCS - Get Free Report) last announced its quarterly earnings results on Monday, July 27th. The financial services provider reported $0.90 EPS for the quarter, topping the consensus estimate of $0.89 by $0.01. Barclays had a net margin of 22.27% and a return on equity of 8.80%. The business had revenue of $10.95 billion for the quarter, compared to analysts' expectations of $10.78 billion. As a group, sell-side analysts expect that Barclays PLC will post 2.83 earnings per share for the current fiscal year.

Barclays Dividend Announcement

The company also recently declared a dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 7th will be paid a dividend of $0.3134 per share. The ex-dividend date of this dividend is Friday, August 7th. This represents a yield of 224.0%. Barclays's dividend payout ratio is presently 22.39%.

Barclays Profile

Barclays PLC NYSE: BCS is a British multinational bank and financial services company headquartered in London. The firm provides a broad range of banking and financial products to individual, corporate and institutional customers. Its core activities span retail and business banking, credit cards and payments, corporate and investment banking, and wealth and investment management.

In retail and business banking, Barclays offers deposit accounts, mortgages, personal and business loans, and card services.

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