Kathmere Capital Management LLC Buys 3,241 Shares of Barclays PLC (NYSE:BCS)

Kathmere Capital Management LLC raised its stake in Barclays PLC (NYSE:BCS) by 10.2% in the 2nd quarter, HoldingsChannel reports. The firm owned 35,153 shares of the financial services provider’s stock after acquiring an additional 3,241 shares during the quarter. Kathmere Capital Management LLC’s holdings in Barclays were worth $376,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Acadian Asset Management LLC increased its stake in Barclays by 1,362.1% in the second quarter. Acadian Asset Management LLC now owns 19,682,115 shares of the financial services provider’s stock valued at $210,762,000 after purchasing an additional 18,335,937 shares in the last quarter. Renaissance Technologies LLC increased its stake in Barclays by 190.9% in the second quarter. Renaissance Technologies LLC now owns 3,661,086 shares of the financial services provider’s stock valued at $39,210,000 after purchasing an additional 2,402,500 shares in the last quarter. Sei Investments Co. increased its stake in Barclays by 118.7% in the second quarter. Sei Investments Co. now owns 2,709,312 shares of the financial services provider’s stock valued at $29,017,000 after purchasing an additional 1,470,523 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Barclays by 4.7% in the second quarter. Envestnet Asset Management Inc. now owns 2,358,375 shares of the financial services provider’s stock valued at $25,258,000 after purchasing an additional 105,857 shares in the last quarter. Finally, Cubist Systematic Strategies LLC increased its stake in Barclays by 231.3% in the fourth quarter. Cubist Systematic Strategies LLC now owns 2,323,096 shares of the financial services provider’s stock valued at $18,306,000 after purchasing an additional 1,621,896 shares in the last quarter. 3.39% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Kepler Capital Markets initiated coverage on shares of Barclays in a research note on Thursday, September 5th. They issued a “buy” rating for the company. StockNews.com upgraded shares of Barclays from a “hold” rating to a “buy” rating in a report on Tuesday, July 9th.

Barclays Stock Down 0.4 %

Shares of NYSE BCS opened at $12.30 on Friday. The stock has a market capitalization of $45.03 billion, a P/E ratio of 9.18, a P/E/G ratio of 0.66 and a beta of 1.43. The company has a 50-day moving average price of $11.77 and a 200-day moving average price of $10.89. Barclays PLC has a 1 year low of $6.23 and a 1 year high of $12.49. 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 released its quarterly earnings results on Thursday, August 1st. The financial services provider reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.02. Barclays had a net margin of 16.83% and a return on equity of 5.94%. The business had revenue of $7.98 billion for the quarter. During the same quarter last year, the firm posted $0.43 earnings per share. On average, equities research analysts forecast that Barclays PLC will post 1.68 EPS for the current fiscal year.

Barclays Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Friday, September 20th. Investors of record on Friday, August 16th were issued a dividend of $0.2684 per share. 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 yield of 3.6%. Barclays’s payout ratio is 22.39%.

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.