Virtu Financial LLC acquired a new stake in shares of Barclays PLC (NYSE:BCS - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 37,067 shares of the financial services provider's stock, valued at approximately $569,000.
A number of other hedge funds have also modified their holdings of the stock. Allspring Global Investments Holdings LLC grew its stake in Barclays by 13.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 784,979 shares of the financial services provider's stock worth $12,089,000 after buying an additional 95,566 shares during the last quarter. Bessemer Group Inc. lifted its position in shares of Barclays by 1,539.6% during the first quarter. Bessemer Group Inc. now owns 4,509 shares of the financial services provider's stock worth $69,000 after purchasing an additional 4,234 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Barclays by 52.0% during the first quarter. Janney Montgomery Scott LLC now owns 47,617 shares of the financial services provider's stock valued at $731,000 after purchasing an additional 16,293 shares during the last quarter. Jefferies Financial Group Inc. acquired a new position in Barclays during the 1st quarter worth $286,000. Finally, XTX Topco Ltd increased its stake in shares of Barclays by 181.8% in the 1st quarter. XTX Topco Ltd now owns 42,959 shares of the financial services provider's stock valued at $660,000 after buying an additional 27,717 shares during the period. 3.39% of the stock is owned by institutional investors and hedge funds.
Barclays Trading Up 0.1%
NYSE:BCS opened at $20.44 on Thursday. The business's 50-day simple moving average is $18.68 and its 200-day simple moving average is $16.70. Barclays PLC has a fifty-two week low of $11.22 and a fifty-two week high of $20.52. The company has a debt-to-equity ratio of 5.70, a current ratio of 1.38 and a quick ratio of 1.38. The stock has a market capitalization of $72.17 billion, a PE ratio of 9.42, a price-to-earnings-growth ratio of 0.49 and a beta of 1.15.
Barclays (NYSE:BCS - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $0.62 EPS for the quarter, beating 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%. Sell-side analysts expect that Barclays PLC will post 2 earnings per share for the current fiscal year.
Barclays Cuts Dividend
The firm also recently disclosed a semi-annual dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Friday, August 8th will be paid a dividend of $0.1557 per share. This represents a dividend yield of 210.0%. The ex-dividend date is Friday, August 8th. Barclays's dividend payout ratio is currently 14.29%.
Wall Street Analyst Weigh In
Several research firms recently issued reports on BCS. Morgan Stanley reiterated an "overweight" rating on shares of Barclays in a report on Wednesday, July 30th. Royal Bank Of Canada reissued an "outperform" rating on shares of Barclays in a research note on Wednesday, July 16th. Citigroup lowered Barclays from a "buy" rating to a "neutral" rating in a research report on Friday, July 18th. Finally, Wall Street Zen lowered Barclays from a "buy" rating to a "hold" rating in a research report on Sunday, July 13th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy".
Check Out Our Latest Stock Report on BCS
Barclays Company Profile
(
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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