Envestnet Asset Management Inc. Raises Position in Barclays PLC (NYSE:BCS)

Envestnet Asset Management Inc. raised its stake in Barclays PLC (NYSE:BCS) by 4.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,358,375 shares of the financial services provider’s stock after purchasing an additional 105,857 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Barclays were worth $25,258,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. ACR Alpine Capital Research LLC raised its stake in shares of Barclays by 14.8% in the first quarter. ACR Alpine Capital Research LLC now owns 1,069,922 shares of the financial services provider’s stock worth $10,111,000 after purchasing an additional 138,064 shares during the last quarter. Morningstar Investment Services LLC grew its holdings in shares of Barclays by 103.1% in the fourth quarter. Morningstar Investment Services LLC now owns 188,096 shares of the financial services provider’s stock valued at $1,484,000 after acquiring an additional 95,474 shares in the last quarter. Diversified Trust Co bought a new position in shares of Barclays in the second quarter valued at approximately $559,000. Bayesian Capital Management LP bought a new position in shares of Barclays in the first quarter valued at approximately $947,000. Finally, Sei Investments Co. grew its holdings in shares of Barclays by 26.0% in the first quarter. Sei Investments Co. now owns 1,238,789 shares of the financial services provider’s stock valued at $11,706,000 after acquiring an additional 255,300 shares in the last quarter. 3.39% of the stock is owned by hedge funds and other institutional investors.

Barclays Trading Down 0.2 %

NYSE BCS opened at $12.22 on Friday. The company has a market capitalization of $45.28 billion, a price-to-earnings ratio of 9.12, a PEG ratio of 0.63 and a beta of 1.43. The stock’s 50-day simple moving average is $11.74 and its two-hundred day simple moving average is $10.78. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 5.98. Barclays PLC has a twelve month low of $6.23 and a twelve month high of $12.49.

Barclays (NYSE:BCS) last released its quarterly earnings data on Thursday, August 1st. The financial services provider reported $0.42 EPS for the quarter, topping the consensus estimate of $0.40 by $0.02. The firm had revenue of $7.98 billion for the quarter. Barclays had a return on equity of 5.94% and a net margin of 16.83%. During the same quarter in the prior year, the firm posted $0.43 EPS. Research analysts forecast that Barclays PLC will post 1.68 EPS for the current fiscal year.

Barclays Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Friday, September 20th. Investors of record on Friday, August 16th were paid a $0.2684 dividend. The ex-dividend date of this dividend was Friday, August 16th. This is a boost from Barclays’s previous semi-annual dividend of $0.27. This represents a dividend yield of 3.6%. Barclays’s dividend payout ratio (DPR) is presently 21.64%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. StockNews.com raised Barclays from a “hold” rating to a “buy” rating in a report on Tuesday, July 9th. Kepler Capital Markets assumed coverage on Barclays in a research report on Thursday, September 5th. They issued a “buy” rating on the stock. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently 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.