PNC Financial Services Group Inc. lowered its position in shares of Barclays PLC (NYSE:BCS) by 3.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 136,802 shares of the financial services provider’s stock after selling 4,682 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Barclays were worth $1,066,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently bought and sold shares of BCS. IFP Advisors Inc raised its stake in Barclays by 127.0% during the third quarter. IFP Advisors Inc now owns 4,285 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 2,397 shares during the period. CWM LLC raised its stake in Barclays by 35.1% during the third quarter. CWM LLC now owns 6,059 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 1,574 shares during the period. Paradigm Asset Management Co. LLC raised its stake in Barclays by 139.3% during the third quarter. Paradigm Asset Management Co. LLC now owns 6,700 shares of the financial services provider’s stock worth $52,000 after purchasing an additional 3,900 shares during the period. Parallel Advisors LLC raised its stake in Barclays by 281.4% during the second quarter. Parallel Advisors LLC now owns 7,601 shares of the financial services provider’s stock worth $60,000 after purchasing an additional 5,608 shares during the period. Finally, Seven Eight Capital LP purchased a new position in Barclays during the second quarter worth approximately $79,000. Institutional investors and hedge funds own 3.39% of the company’s stock.
Barclays Stock Performance
Shares of BCS stock opened at $8.50 on Friday. The company’s fifty day simple moving average is $7.68 and its 200-day simple moving average is $7.43. Barclays PLC has a 52 week low of $6.23 and a 52 week high of $8.63. The company has a current ratio of 1.34, a quick ratio of 1.36 and a debt-to-equity ratio of 5.63. The company has a market cap of $32.20 billion, a PE ratio of 6.20, a P/E/G ratio of 2.52 and a beta of 1.45.
Barclays Increases Dividend
The firm also recently announced a semi-annual dividend, which will be paid on Wednesday, April 3rd. Stockholders of record on Friday, March 1st will be paid a $0.2671 dividend. This represents a dividend yield of 4.6%. The ex-dividend date is Thursday, February 29th. This is an increase from Barclays’s previous semi-annual dividend of $0.14. Barclays’s dividend payout ratio (DPR) is currently 37.96%.
Analysts Set New Price Targets
Separately, StockNews.com downgraded shares of Barclays from a “buy” rating to a “hold” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Barclays has an average rating of “Hold” and an average target price of $190.00.
Check Out Our Latest Stock Analysis on BCS
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 two segments, Barclays UK and Barclays International divisions. It offers financial services, such as retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.
See Also
Want to see what other hedge funds are holding BCS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Barclays PLC (NYSE:BCS – Free Report).
Receive News & Ratings for Barclays Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Barclays and related companies with MarketBeat.com’s FREE daily email newsletter.
Source: americanbankingnews.com
