Bank of Montreal Can Increases Stock Position in Barclays PLC (NYSE:BCS)

Bank of Montreal Can raised its holdings in Barclays PLC (NYSE:BCS) by 16.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 514,518 shares of the financial services provider’s stock after purchasing an additional 72,110 shares during the quarter. Bank of Montreal Can’s holdings in Barclays were worth $5,510,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in BCS. Rothschild Investment LLC purchased a new stake in Barclays in the 2nd quarter valued at approximately $30,000. EverSource Wealth Advisors LLC boosted its holdings in Barclays by 71.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 3,647 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 1,524 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Barclays by 51.7% in the 1st quarter. GAMMA Investing LLC now owns 4,411 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 1,503 shares in the last quarter. EntryPoint Capital LLC purchased a new stake in Barclays in the 1st quarter valued at approximately $48,000. Finally, Blue Trust Inc. boosted its holdings in Barclays by 452.5% in the 2nd quarter. Blue Trust Inc. now owns 6,304 shares of the financial services provider’s stock valued at $68,000 after purchasing an additional 5,163 shares in the last quarter. Hedge funds and other institutional investors own 3.39% of the company’s stock.

Barclays Stock Performance

BCS opened at $11.77 on Wednesday. The stock has a market cap of $43.61 billion, a P/E ratio of 8.78, a P/E/G ratio of 0.66 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. The stock’s 50 day simple moving average is $11.77 and its 200 day simple moving average is $10.94. Barclays PLC has a 1-year low of $6.23 and a 1-year high of $12.49.

Barclays (NYSE:BCS) last posted its earnings results on Thursday, August 1st. The financial services provider reported $0.42 earnings per share (EPS) 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 firm had revenue of $7.98 billion for the quarter. During the same period in the previous year, the company posted $0.43 EPS. As a group, equities analysts anticipate that Barclays PLC will post 1.68 EPS for the current fiscal year.

Barclays Increases Dividend

The business 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 represents a yield of 3.6%. This is a positive change from Barclays’s previous semi-annual dividend of $0.27. Barclays’s dividend payout ratio is presently 21.64%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. StockNews.com upgraded 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 report on Thursday, September 5th. They issued a “buy” rating on the stock.

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.