Brandes Investment Partners LP Has $15.91 Million Stock Position in Barclays PLC (NYSE:BCS)

Brandes Investment Partners LP trimmed its holdings in shares of Barclays PLC (NYSE:BCS) by 21.1% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,487,771 shares of the financial services provider’s stock after selling 398,022 shares during the quarter. Brandes Investment Partners LP’s holdings in Barclays were worth $15,908,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Rothschild Investment LLC bought a new position in shares of Barclays during the second quarter worth about $30,000. EverSource Wealth Advisors LLC boosted its holdings in Barclays by 71.8% during the first quarter. EverSource Wealth Advisors LLC now owns 3,647 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 1,524 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Barclays by 51.7% during the 1st quarter. GAMMA Investing LLC now owns 4,411 shares of the financial services provider’s stock worth $42,000 after buying an additional 1,503 shares during the last quarter. EntryPoint Capital LLC acquired a new stake in shares of Barclays in the first quarter valued at about $48,000. Finally, Lindbrook Capital LLC grew its stake in Barclays by 18.6% in the first quarter. Lindbrook Capital LLC now owns 6,282 shares of the financial services provider’s stock valued at $59,000 after purchasing an additional 986 shares in the last quarter. Institutional investors own 3.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Kepler Capital Markets started coverage on Barclays in a report 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 research note on Tuesday, July 9th.

Barclays Stock Down 0.4 %

Shares of BCS opened at $12.30 on Monday. Barclays PLC has a 52 week low of $6.23 and a 52 week high of $12.49. The firm has a market cap of $45.57 billion, a P/E ratio of 9.18, a price-to-earnings-growth ratio of 0.66 and a beta of 1.43. The firm’s 50-day simple moving average is $11.77 and its 200 day simple moving average is $10.90. The company has a debt-to-equity ratio of 5.98, a quick ratio of 1.39 and a current ratio of 1.39.

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

Barclays Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Friday, September 20th. Investors of record on Friday, August 16th were given a dividend of $0.2684 per share. The ex-dividend date was Friday, August 16th. This represents a yield of 3.6%. This is an increase from Barclays’s previous semi-annual dividend of $0.27. Barclays’s dividend payout ratio is currently 21.64%.

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.