Sei Investments Co. Buys 1,470,523 Shares of Barclays PLC (NYSE:BCS)

Sei Investments Co. lifted its stake in shares of Barclays PLC (NYSE:BCS) by 118.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,709,312 shares of the financial services provider’s stock after purchasing an additional 1,470,523 shares during the period. Sei Investments Co. owned 0.07% of Barclays worth $29,017,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of BCS. Rothschild Investment LLC purchased a new position in shares of Barclays during the 2nd quarter valued at $30,000. EverSource Wealth Advisors LLC boosted its position 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 period. GAMMA Investing LLC increased its stake in shares of Barclays by 51.7% in the first quarter. GAMMA Investing LLC now owns 4,411 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 1,503 shares in the last quarter. EntryPoint Capital LLC bought a new stake in shares of Barclays in the first quarter valued at approximately $48,000. Finally, Lindbrook Capital LLC lifted its stake in shares of Barclays by 18.6% during the 1st quarter. Lindbrook Capital LLC now owns 6,282 shares of the financial services provider’s stock valued at $59,000 after buying an additional 986 shares in the last quarter. Hedge funds and other institutional investors own 3.39% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on BCS. StockNews.com upgraded Barclays from a “hold” rating to a “buy” rating in a research report on Tuesday, July 9th. Kepler Capital Markets initiated coverage on Barclays in a research note on Thursday, September 5th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Barclays Stock Performance

Shares of NYSE BCS opened at $12.22 on Wednesday. Barclays PLC has a 1-year low of $6.23 and a 1-year high of $12.49. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 5.98. The stock’s 50-day moving average is $11.75 and its 200 day moving average is $10.84. The stock has a market cap of $45.28 billion, a price-to-earnings ratio of 9.12, a P/E/G ratio of 0.63 and a beta of 1.43.

Barclays (NYSE:BCS) last posted 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. The business had revenue of $7.98 billion during 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 firm earned $0.43 earnings per share. On average, sell-side analysts anticipate that Barclays PLC will post 1.68 EPS for the current fiscal year.

Barclays Increases Dividend

The company 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. This represents a dividend yield of 3.6%. This is an increase from Barclays’s previous semi-annual dividend of $0.27. The ex-dividend date of this dividend was Friday, August 16th. Barclays’s payout ratio is presently 21.64%.

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.