Senator Investment Group LP trimmed its holdings in Barclays PLC (NYSE:BCS - Free Report) by 37.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 71,218 shares of the financial services provider's stock after selling 42,823 shares during the period. Senator Investment Group LP's holdings in Barclays were worth $1,094,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in BCS. Financial Management Professionals Inc. acquired a new position in shares of Barclays in the 1st quarter valued at approximately $29,000. Elequin Capital LP bought a new stake in shares of Barclays in the 1st quarter valued at approximately $30,000. Wealthquest Corp bought a new stake in shares of Barclays in the 1st quarter valued at approximately $32,000. Zions Bancorporation National Association UT bought a new stake in shares of Barclays in the 1st quarter valued at approximately $40,000. Finally, Wayfinding Financial LLC bought a new stake in shares of Barclays in the 1st quarter valued at approximately $46,000. 3.39% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on BCS. Citigroup downgraded Barclays from a "buy" rating to a "neutral" rating in a research note on Friday, July 18th. Morgan Stanley reiterated an "overweight" rating on shares of Barclays in a research note on Wednesday, July 30th. Royal Bank Of Canada reiterated an "outperform" rating on shares of Barclays in a research note on Wednesday, July 16th. Finally, Wall Street Zen cut Barclays from a "buy" rating to a "hold" rating in a research note on Sunday, July 13th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy".
Get Our Latest Report on BCS
Barclays Stock Performance
Shares of NYSE:BCS traded up $0.2350 on Friday, hitting $20.4550. The company's stock had a trading volume of 8,055,060 shares, compared to its average volume of 13,965,366. Barclays PLC has a 12 month low of $11.22 and a 12 month high of $20.58. The company has a market capitalization of $72.22 billion, a price-to-earnings ratio of 9.43, a price-to-earnings-growth ratio of 0.48 and a beta of 1.15. The stock's 50-day moving average is $19.04 and its two-hundred day moving average is $16.98. 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 released its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $0.62 earnings per share (EPS) 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 company had revenue of $9.58 billion during the quarter, compared to analysts' expectations of $7.06 billion. On average, equities research analysts forecast that Barclays PLC will post 2 EPS for the current year.
Barclays Cuts Dividend
The firm also recently declared a semi-annual dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Friday, August 8th will be paid a $0.1557 dividend. The ex-dividend date of this dividend is Friday, August 8th. This represents a dividend yield of 210.0%. Barclays's dividend payout ratio is presently 14.29%.
Barclays Company Profile
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Free Report)
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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