Oppenheimer Asset Management Inc. Has $3.88 Million Stock Holdings in Barclays PLC (NYSE:BCS)

Oppenheimer Asset Management Inc. boosted its holdings in shares of Barclays PLC (NYSE:BCS) by 20.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 362,627 shares of the financial services provider’s stock after buying an additional 62,392 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Barclays were worth $3,884,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of BCS. Principal Securities Inc. acquired a new stake in shares of Barclays during the fourth quarter worth approximately $34,000. BNP Paribas Financial Markets lifted its position in Barclays by 335.5% in the 4th quarter. BNP Paribas Financial Markets now owns 361,319 shares of the financial services provider’s stock worth $2,847,000 after buying an additional 278,353 shares in the last quarter. Ieq Capital LLC acquired a new stake in shares of Barclays during the 4th quarter valued at $95,000. Trexquant Investment LP purchased a new position in shares of Barclays during the 4th quarter valued at $4,840,000. Finally, Brandes Investment Partners LP increased its stake in shares of Barclays by 65.9% in the fourth quarter. Brandes Investment Partners LP now owns 1,750,257 shares of the financial services provider’s stock worth $13,792,000 after acquiring an additional 695,502 shares during the last quarter. 3.39% of the stock is owned by hedge funds and other institutional investors.

Barclays Price Performance

NYSE BCS opened at $11.85 on Tuesday. Barclays PLC has a fifty-two week low of $6.23 and a fifty-two week high of $12.49. The stock’s 50-day moving average is $11.69 and its two-hundred day moving average is $10.70. The firm has a market cap of $43.89 billion, a P/E ratio of 8.84, a price-to-earnings-growth ratio of 0.63 and a beta of 1.43. The company has a debt-to-equity ratio of 5.98, a current ratio of 1.39 and a quick ratio of 1.39.

Barclays (NYSE:BCS) last issued its quarterly earnings data on Thursday, August 1st. The financial services provider reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. Barclays had a return on equity of 5.94% and a net margin of 16.83%. The business had revenue of $7.98 billion for the quarter. During the same period in the previous year, the business posted $0.43 earnings per share. On average, analysts anticipate that Barclays PLC will post 1.68 earnings per share for the current fiscal year.

Barclays Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Friday, September 20th. Investors of record on Friday, August 16th will be issued a $0.2684 dividend. This represents a yield of 3.6%. The ex-dividend date is Friday, August 16th. This is an increase from Barclays’s previous semi-annual dividend of $0.27. Barclays’s dividend payout ratio (DPR) is 21.64%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Kepler Capital Markets began coverage on Barclays in a research report on Thursday, September 5th. They issued a “buy” rating on the stock. StockNews.com raised shares of Barclays from a “hold” rating to a “buy” rating in a research report on Tuesday, July 9th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

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.