Militia Capital Management LLC Makes New Investment in Barclays PLC $BCS

Militia Capital Management LLC purchased a new stake in Barclays PLC (NYSE:BCS) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 100,000 shares of the financial services provider’s stock, valued at approximately $2,116,000.

A number of other institutional investors and hedge funds also recently modified their holdings of BCS. Brooklands Fund Management Ltd purchased a new position in Barclays in the 1st quarter worth about $1,405,000. Hedges Asset Management LLC purchased a new stake in Barclays during the fourth quarter valued at about $3,067,000. Barometer Capital Management Inc. boosted its holdings in shares of Barclays by 2,009.8% in the first quarter. Barometer Capital Management Inc. now owns 86,500 shares of the financial services provider’s stock worth $1,830,000 after buying an additional 82,400 shares during the period. Bluebird Wealth Management LLC purchased a new position in shares of Barclays in the fourth quarter worth approximately $2,628,000. Finally, Assetmark Inc. raised its holdings in shares of Barclays by 65.4% during the fourth quarter. Assetmark Inc. now owns 135,634 shares of the financial services provider’s stock valued at $3,452,000 after acquiring an additional 53,655 shares during the period. 3.39% of the stock is owned by institutional investors and hedge funds.

Barclays Stock Performance

BCS stock opened at $27.49 on Monday. The company has a debt-to-equity ratio of 5.76, a quick ratio of 1.46 and a current ratio of 1.46. The stock has a market cap of $93.70 billion, a P/E ratio of 10.26, a P/E/G ratio of 0.47 and a beta of 1.00. The firm has a 50 day simple moving average of $26.45 and a 200 day simple moving average of $24.74. Barclays PLC has a 52 week low of $18.79 and a 52 week high of $28.67.

Barclays (NYSE:BCS) last released its quarterly earnings data on Tuesday, July 28th. The financial services provider reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.01. Barclays had a net margin of 22.27% and a return on equity of 8.80%. The firm had revenue of $10.95 billion for the quarter, compared to analyst estimates of $10.78 billion. Research analysts anticipate that Barclays PLC will post 2.85 earnings per share for the current fiscal year.

Barclays Dividend Announcement

The business also recently declared a dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 7th will be paid a $0.3134 dividend. The ex-dividend date of this dividend is Friday, August 7th. This represents a dividend yield of 233.0%. Barclays’s dividend payout ratio is 21.64%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on BCS. Piper Sandler upgraded shares of Barclays from an “overweight” rating to a “buy” rating in a research report on Friday, June 12th. BNP Paribas Exane downgraded shares of Barclays from an “outperform” rating to a “neutral” rating in a research note on Tuesday, April 14th. Berenberg Bank started coverage on Barclays in a report on Wednesday, June 24th. They issued a “buy” rating for the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Barclays in a research report on Friday, July 17th. Finally, Citigroup reiterated a “neutral” rating on shares of Barclays in a report on Thursday, July 16th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Barclays Profile

Barclays PLC (NYSE: BCS) is a British multinational bank and financial services company headquartered in London. The firm provides a broad range of banking and financial products to individual, corporate and institutional customers. Its core activities span retail and business banking, credit cards and payments, corporate and investment banking, and wealth and investment management.

In retail and business banking, Barclays offers deposit accounts, mortgages, personal and business loans, and card services.