RMR Wealth Builders Invests $224,000 in Barclays PLC $BCS

Key Points

• RMR Wealth Builders has acquired a new stake in Barclays PLC, purchasing 12,028 shares valued at about $224,000 during the second quarter.
• Analyst ratings for Barclays are mixed, with Citigroup downgrading the stock to "neutral" while others like Royal Bank of Canada reaffirmed an "outperform" rating, leading to a consensus rating of "Moderate Buy."
• Barclays recently reported earnings of $0.62 per share, exceeding expectations and revealing significant revenue of $9.58 billion compared to analyst estimates of $7.06 billion.

RMR Wealth Builders acquired a new stake in shares of Barclays PLC (NYSE:BCS - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,028 shares of the financial services provider's stock, valued at approximately $224,000.

Other hedge funds also recently bought and sold shares of the company. Ballentine Partners LLC grew its holdings in 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 purchasing an additional 668 shares during the period. RNC Capital Management LLC boosted its stake in shares of Barclays by 2.3% in the first quarter. RNC Capital Management LLC now owns 32,670 shares of the financial services provider's stock worth $502,000 after acquiring an additional 735 shares during the period. D Orazio & Associates Inc. boosted its stake in shares of Barclays by 2.1% in the first quarter. D Orazio & Associates Inc. now owns 36,873 shares of the financial services provider's stock worth $566,000 after acquiring an additional 759 shares during the period. Forum Financial Management LP lifted its position in shares of Barclays by 1.8% in the fourth quarter. Forum Financial Management LP now owns 48,199 shares of the financial services provider's stock worth $641,000 after buying an additional 874 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its position in shares of Barclays by 3.0% in the first quarter. Pacer Advisors Inc. now owns 31,540 shares of the financial services provider's stock worth $484,000 after buying an additional 909 shares in the last quarter. Hedge funds and other institutional investors own 3.39% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on BCS. Royal Bank Of Canada reiterated an "outperform" rating on shares of Barclays in a research report on Wednesday, July 16th. Morgan Stanley restated an "overweight" rating on shares of Barclays in a research report on Tuesday, September 2nd. Wall Street Zen upgraded Barclays from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, Citigroup downgraded Barclays from a "buy" rating to a "neutral" rating in a research report on Friday, July 18th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, Barclays currently has an average rating of "Moderate Buy".

Barclays Trading Down 1.4%

Shares of NYSE BCS traded down $0.29 during midday trading on Friday, hitting $20.72. The company's stock had a trading volume of 6,884,134 shares, compared to its average volume of 8,204,445. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 5.70. The business's 50 day moving average is $19.90 and its two-hundred day moving average is $17.66. Barclays PLC has a 12-month low of $11.48 and a 12-month high of $21.13. The firm has a market cap of $72.80 billion, a P/E ratio of 9.55, a price-to-earnings-growth ratio of 0.44 and a beta of 1.14.

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. Barclays had a return on equity of 8.49% and a net margin of 22.11%.The firm had revenue of $9.58 billion for the quarter, compared to the consensus estimate of $7.06 billion. As a group, equities research analysts expect that Barclays PLC will post 2 EPS for the current year.

Barclays Cuts Dividend

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

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.