Raymond James Financial Inc. Has $76.44 Million Stock Position in Barclays PLC $BCS

Key Points

• Raymond James Financial Inc. increased its stake in Barclays PLC by 11.4% during the first quarter, owning approximately 4.98 million shares valued at $76.44 million.
• Barclays has announced a semi-annual dividend of $0.1557, representing a yield of 210.0%, to be paid on September 16th.
• Barclays reported a quarterly earnings per share (EPS) of $0.62, exceeding expectations, with a revenue of $9.58 billion for the same period.

Raymond James Financial Inc. increased its position in Barclays PLC (NYSE:BCS - Free Report) by 11.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,976,635 shares of the financial services provider's stock after buying an additional 509,110 shares during the period. Raymond James Financial Inc. owned 0.14% of Barclays worth $76,441,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in BCS. Financial Management Professionals Inc. acquired a new position in Barclays in the first quarter worth approximately $29,000. Wealthquest Corp acquired a new position in Barclays during the first quarter valued at approximately $32,000. Zions Bancorporation National Association UT acquired a new position in Barclays during the first quarter valued at approximately $40,000. Wayfinding Financial LLC acquired a new position in Barclays during the first quarter valued at approximately $46,000. Finally, Bessemer Group Inc. grew its holdings in Barclays by 1,539.6% during 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. Institutional investors and hedge funds own 3.39% of the company's stock.

Barclays Price Performance

Shares of NYSE BCS traded up $0.2350 during midday trading on Friday, reaching $20.4550. 8,055,060 shares of the company traded hands, compared to its average volume of 13,965,366. The firm has a market cap of $72.22 billion, a PE ratio of 9.43, a PEG ratio of 0.49 and a beta of 1.15. The stock's 50-day simple moving average is $19.04 and its 200-day simple moving average is $16.99. Barclays PLC has a 12 month low of $11.22 and a 12 month high of $20.58. 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 (NYSE:BCS - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $0.12. The company had revenue of $9.58 billion during the quarter, compared to analysts' expectations of $7.06 billion. Barclays had a return on equity of 8.49% and a net margin of 22.11%. As a group, equities 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 issued a $0.1557 dividend. This represents a dividend yield of 210.0%. The ex-dividend date of this dividend is Friday, August 8th. Barclays's payout ratio is currently 14.29%.

Wall Street Analyst Weigh In

BCS has been the topic of several analyst reports. Royal Bank Of Canada reiterated an "outperform" rating on shares of Barclays in a report on Wednesday, July 16th. Citigroup downgraded shares of Barclays from a "buy" rating to a "neutral" rating in a research note on Friday, July 18th. Morgan Stanley restated an "overweight" rating on shares of Barclays in a research note on Wednesday, July 30th. Finally, Wall Street Zen cut Barclays from a "buy" rating to a "hold" rating in a research report on Sunday, July 13th. Five equities research 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.com, Barclays currently has a consensus 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.