180 Wealth Advisors LLC grew its stake in shares of Barclays PLC (NYSE:BCS) by 26.8% during the second quarter, HoldingsChannel reports. The firm owned 20,782 shares of the financial services provider’s stock after purchasing an additional 4,387 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Barclays were worth $217,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Column Capital Advisors LLC lifted its position in Barclays by 268.0% during the 2nd quarter. Column Capital Advisors LLC now owns 2,738 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 1,994 shares during the period. Captrust Financial Advisors raised its holdings in Barclays by 64.4% in the first quarter. Captrust Financial Advisors now owns 3,830 shares of the financial services provider’s stock worth $39,000 after buying an additional 1,500 shares during the last quarter. Solstein Capital LLC purchased a new position in Barclays in the first quarter worth about $51,000. PNC Managed Account Solutions Inc. purchased a new position in Barclays in the second quarter worth about $51,000. Finally, Bessemer Group Inc. purchased a new position in Barclays in the first quarter worth about $66,000. 2.26% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have issued reports on BCS shares. Credit Suisse Group lifted their target price on shares of Barclays from 218.00 to 220.00 and gave the stock an “outperform” rating in a report on Wednesday, October 6th. Royal Bank of Canada upgraded shares of Barclays to a “sector perform” rating and lifted their price target for the stock from 180.00 to 190.00 in a research note on Monday, August 2nd. Societe Generale upgraded shares of Barclays to a “hold” rating and lifted their price target for the stock from 170.00 to 180.00 in a research note on Thursday, July 29th. Deutsche Bank Aktiengesellschaft upgraded shares of Barclays to a “buy” rating and lifted their price target for the stock from 230.00 to 240.00 in a research note on Thursday, July 29th. Finally, JP Morgan Cazenove upgraded shares of Barclays to an “overweight” rating in a research note on Wednesday, June 16th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Barclays presently has a consensus rating of “Buy” and an average target price of $176.83.
Barclays (NYSE:BCS) last issued its quarterly earnings results on Wednesday, July 28th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.14. Barclays had a return on equity of 7.19% and a net margin of 22.02%. The business had revenue of $7.57 billion during the quarter, compared to analyst estimates of $7.90 billion. On average, equities research analysts expect that Barclays PLC will post 1.78 earnings per share for the current fiscal year.
The firm also recently declared a semi-annual dividend, which was paid on Friday, September 17th. Shareholders of record on Friday, August 13th were paid a $0.111 dividend. This represents a yield of 0.5%. The ex-dividend date was Thursday, August 12th. This is a positive change from Barclays’s previous semi-annual dividend of $0.06. Barclays’s dividend payout ratio is presently 44.90%.
Barclays Plc operates as a bank holding company that engages in the business of providing retail banking, credit cards, corporate and investment banking and wealth management services. The firm operates through two divisions: Barclays UK and Barclays International. The Barclays UK division comprises the U.K.
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