Seven Eight Capital LP Decreases Stock Holdings in Barclays PLC (NYSE:BCS)

Seven Eight Capital LP reduced its holdings in shares of Barclays PLC (NYSE:BCS) by 64.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 209,594 shares of the financial services provider’s stock after selling 385,250 shares during the period. Seven Eight Capital LP’s holdings in Barclays were worth $2,245,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in BCS. Rothschild Investment LLC acquired a new position in Barclays during the 2nd quarter valued at about $30,000. Principal Securities Inc. acquired a new position in Barclays during the 4th quarter valued at about $34,000. EverSource Wealth Advisors LLC increased its position in Barclays by 71.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,647 shares of the financial services provider’s stock valued at $37,000 after buying an additional 1,524 shares in the last quarter. GAMMA Investing LLC increased its position in Barclays by 51.7% during the 1st quarter. GAMMA Investing LLC now owns 4,411 shares of the financial services provider’s stock valued at $42,000 after buying an additional 1,503 shares in the last quarter. Finally, EntryPoint Capital LLC acquired a new position in Barclays during the 1st quarter valued at about $48,000. 3.39% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on BCS shares. Kepler Capital Markets started coverage on Barclays in a research report on Thursday, September 5th. They set a “buy” rating on the stock. StockNews.com raised Barclays from a “hold” rating to a “buy” rating in a report on Tuesday, July 9th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Barclays Stock Up 0.3 %

Shares of BCS stock opened at $11.95 on Thursday. The stock’s 50-day simple moving average is $11.71 and its 200-day simple moving average is $10.73. The company has a debt-to-equity ratio of 5.98, a quick ratio of 1.39 and a current ratio of 1.39. The firm has a market capitalization of $44.28 billion, a PE ratio of 8.92, a P/E/G ratio of 0.63 and a beta of 1.43. Barclays PLC has a fifty-two week low of $6.23 and a fifty-two week high of $12.49.

Barclays (NYSE:BCS) last announced its quarterly earnings data on Thursday, August 1st. The financial services provider reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. The business 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 period in the prior year, the company posted $0.43 earnings per share. Equities analysts expect that Barclays PLC will post 1.68 earnings per share for the current year.

Barclays Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Friday, September 20th. Investors of record on Friday, August 16th will be issued a dividend of $0.2684 per share. This represents a yield of 3.6%. This is a positive change from Barclays’s previous semi-annual dividend of $0.27. The ex-dividend date of this dividend is Friday, August 16th. Barclays’s dividend payout ratio (DPR) is 21.64%.

Barclays Company 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.