Y Intercept Hong Kong Ltd Purchases 574,514 Shares of Barclays PLC $BCS

Y Intercept Hong Kong Ltd increased its holdings in shares of Barclays PLC (NYSE:BCS) by 653.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 662,495 shares of the financial services provider’s stock after buying an additional 574,514 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Barclays were worth $12,316,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BCS. Elequin Capital LP bought a new position in Barclays during the 1st quarter worth approximately $30,000. Wealthquest Corp acquired a new stake in shares of Barclays during the first quarter worth $32,000. Dogwood Wealth Management LLC bought a new position in Barclays during the second quarter worth $46,000. WPG Advisers LLC acquired a new position in Barclays in the first quarter valued at $40,000. Finally, Zions Bancorporation National Association UT acquired a new position in shares of Barclays in the 1st quarter valued at about $40,000. 3.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on BCS. Wall Street Zen lowered shares of 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 report on Monday, October 6th. Zacks Research raised Barclays from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 29th. Citigroup reaffirmed a “neutral” rating on shares of Barclays in a research report on Thursday. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Barclays in a research report on Friday. 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, the stock presently has an average rating of “Buy”.

Barclays Price Performance

Barclays stock opened at $20.70 on Monday. The company has a market cap of $72.38 billion, a price-to-earnings ratio of 9.54, a PEG ratio of 0.40 and a beta of 1.10. Barclays PLC has a 12 month low of $12.14 and a 12 month high of $21.22. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 5.94. The business’s 50 day simple moving average is $20.33 and its 200 day simple moving average is $18.61.

Barclays (NYSE:BCS) last released its quarterly earnings data on Wednesday, October 22nd. The financial services provider reported $0.56 EPS for the quarter, beating the consensus estimate of $0.54 by $0.02. The business had revenue of $9.59 billion for the quarter, compared to the consensus estimate of $6.95 billion. Barclays had a net margin of 21.26% and a return on equity of 8.19%. Sell-side analysts forecast that Barclays PLC will post 2 EPS for the current year.

Barclays Cuts Dividend

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

Barclays Profile

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.