PDS Planning Inc Grows Position in Barclays PLC $BCS

PDS Planning Inc raised its position in Barclays PLC (NYSE:BCS) by 47.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,882 shares of the financial services provider’s stock after purchasing an additional 5,788 shares during the quarter. PDS Planning Inc’s holdings in Barclays were worth $332,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Elequin Capital LP purchased a new position in shares of Barclays in the 1st quarter worth about $30,000. Wealthquest Corp acquired a new stake in shares of Barclays in the first quarter valued at about $32,000. Zions Bancorporation National Association UT acquired a new stake in shares of Barclays in the first quarter valued at about $40,000. WPG Advisers LLC acquired a new stake in shares of Barclays in the first quarter valued at about $40,000. Finally, Wayfinding Financial LLC acquired a new stake in shares of Barclays in the first quarter valued at about $46,000. 3.39% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on BCS shares. Wall Street Zen lowered Barclays from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Morgan Stanley reiterated an “overweight” rating on shares of Barclays in a research note on Monday, October 6th. Citigroup lowered Barclays from a “buy” rating to a “neutral” rating in a research note on Friday, July 18th. Zacks Research upgraded Barclays from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 29th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Barclays in a research note on Wednesday, July 16th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Barclays Price Performance

Shares of BCS opened at $19.75 on Monday. The firm has a market cap of $69.06 billion, a price-to-earnings ratio of 9.10, a PEG ratio of 0.42 and a beta of 1.10. The stock has a 50 day moving average of $20.30 and a 200-day moving average of $18.19. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 5.70. Barclays PLC has a 52 week low of $12.14 and a 52 week high of $21.22.

Barclays (NYSE:BCS) last issued its earnings results on Tuesday, July 29th. The financial services provider reported $0.62 EPS for the quarter, topping the consensus estimate of $0.50 by $0.12. The company had revenue of $9.58 billion during the quarter, compared to analyst estimates of $7.06 billion. Barclays had a return on equity of 8.49% and a net margin of 22.11%. As a group, analysts forecast that Barclays PLC will post 2 EPS for the current year.

Barclays Cuts Dividend

The company also recently announced a semi-annual dividend, which was paid on Tuesday, September 16th. Stockholders of record on Friday, August 8th were given a $0.1557 dividend. The ex-dividend date was Friday, August 8th. This represents a dividend yield of 210.0%. Barclays’s dividend payout ratio (DPR) is presently 14.75%.

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 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.