Barclays PLC (BCS) Position Reduced by First Allied Advisory Services Inc.
First Allied Advisory Services Inc. decreased its stake in Barclays PLC (NYSE:BCS) by 1.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,799 shares of the financial services provider’s stock after selling 324 shares during the quarter. First Allied Advisory Services Inc.’s holdings in Barclays PLC were worth $309,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Fox Run Management L.L.C. acquired a new stake in Barclays PLC in the 2nd quarter valued at $110,000. Advisor Partners LLC acquired a new stake in Barclays PLC in the 2nd quarter valued at $119,000. HPM Partners LLC boosted its stake in Barclays PLC by 1.8% in the 2nd quarter. HPM Partners LLC now owns 11,545 shares of the financial services provider’s stock valued at $122,000 after buying an additional 203 shares in the last quarter. MAI Capital Management boosted its stake in Barclays PLC by 21.8% in the 2nd quarter. MAI Capital Management now owns 12,619 shares of the financial services provider’s stock valued at $134,000 after buying an additional 2,261 shares in the last quarter. Finally, Cornerstone Investment Partners LLC boosted its stake in Barclays PLC by 8.1% in the 2nd quarter. Cornerstone Investment Partners LLC now owns 13,875 shares of the financial services provider’s stock valued at $147,000 after buying an additional 1,042 shares in the last quarter. 2.47% of the stock is currently owned by institutional investors and hedge funds.
In related news, major shareholder Plc Barclays sold 260 shares of the firm’s stock in a transaction on Wednesday, July 19th. The stock was sold at an average price of $100,000.00, for a total transaction of $26,000,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.02% of the company’s stock.
Several analysts recently commented on the company. Morgan Stanley reaffirmed a “buy” rating on shares of Barclays PLC in a research note on Tuesday, July 18th. BidaskClub lowered Barclays PLC from a “hold” rating to a “sell” rating in a research note on Tuesday, June 13th. Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating on shares of Barclays PLC in a research note on Friday, August 11th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Barclays PLC in a research note on Monday, August 14th. Finally, ValuEngine raised Barclays PLC from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Eight equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $9.86.
Shares of Barclays PLC (BCS) opened at 9.98 on Monday. The company’s market cap is $42.55 billion. Barclays PLC has a 52-week low of $8.02 and a 52-week high of $12.05. The stock’s 50 day moving average price is $10.04 and its 200-day moving average price is $10.59.
Barclays PLC (NYSE:BCS) last released its quarterly earnings data on Friday, July 28th. The financial services provider reported $0.12 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.01). Barclays PLC had a negative net margin of 2.65% and a positive return on equity of 2.57%. The firm had revenue of $6.46 billion for the quarter, compared to analyst estimates of $6.22 billion. Equities analysts expect that Barclays PLC will post $0.86 EPS for the current year.
The company also recently disclosed a None dividend, which was paid on Monday, September 18th. Investors of record on Friday, August 11th were issued a dividend of $0.051 per share. This represents a dividend yield of 1.95%. The ex-dividend date was Wednesday, August 9th. Barclays PLC’s dividend payout ratio (DPR) is -88.23%.
Barclays PLC Profile
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