Envestnet Asset Management Inc. Buys 105,857 Shares of Barclays PLC (NYSE:BCS)

Envestnet Asset Management Inc. raised its stake in Barclays PLC (NYSE:BCS) by 4.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,358,375 shares of the financial services provider’s stock after buying an additional 105,857 shares during the period. Envestnet Asset Management Inc. owned about 0.06% of Barclays worth $25,258,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Acadian Asset Management LLC grew its position in shares of Barclays by 1,362.1% in the 2nd quarter. Acadian Asset Management LLC now owns 19,682,115 shares of the financial services provider’s stock valued at $210,762,000 after buying an additional 18,335,937 shares during the last quarter. Cubist Systematic Strategies LLC grew its position in shares of Barclays by 231.3% in the 4th quarter. Cubist Systematic Strategies LLC now owns 2,323,096 shares of the financial services provider’s stock valued at $18,306,000 after buying an additional 1,621,896 shares during the last quarter. National Bank of Canada FI lifted its stake in shares of Barclays by 6,028.3% in the 1st quarter. National Bank of Canada FI now owns 1,718,379 shares of the financial services provider’s stock valued at $16,239,000 after purchasing an additional 1,690,339 shares during the period. American Century Companies Inc. lifted its stake in shares of Barclays by 6.5% in the 2nd quarter. American Century Companies Inc. now owns 1,710,276 shares of the financial services provider’s stock valued at $18,317,000 after purchasing an additional 104,617 shares during the period. Finally, Teachers Retirement System of The State of Kentucky lifted its stake in shares of Barclays by 20.9% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 1,533,600 shares of the financial services provider’s stock valued at $14,493,000 after purchasing an additional 265,200 shares during the period. Institutional investors own 3.39% of the company’s stock.

Barclays Stock Down 0.2 %

BCS stock opened at $12.22 on Friday. The stock’s 50 day simple moving average is $11.74 and its 200 day simple moving average is $10.78. Barclays PLC has a fifty-two week low of $6.23 and a fifty-two week high of $12.49. 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 company has a market cap of $45.28 billion, a P/E ratio of 9.12, a price-to-earnings-growth 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 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 business had revenue of $7.98 billion for the quarter. During the same period last year, the company posted $0.43 earnings per share. On average, research analysts expect that Barclays PLC will post 1.68 earnings per share 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 paid a dividend of $0.2684 per share. This is an increase from Barclays’s previous semi-annual dividend of $0.27. This represents a yield of 3.6%. The ex-dividend date of this dividend was Friday, August 16th. Barclays’s dividend payout ratio is 21.64%.

Wall Street Analysts Forecast Growth

BCS has been the topic of a number of recent analyst reports. Kepler Capital Markets initiated coverage on Barclays in a research note on Thursday, September 5th. They issued a “buy” rating on the stock. StockNews.com raised Barclays from a “hold” rating to a “buy” rating in a research note on Tuesday, July 9th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

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.