Sequoia Financial Advisors LLC Increases Position in Barclays PLC (NYSE:BCS)

Sequoia Financial Advisors LLC lifted its holdings in Barclays PLC (NYSE:BCS) by 8.4% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,180 shares of the financial services provider’s stock after buying an additional 2,349 shares during the period. Sequoia Financial Advisors LLC’s holdings in Barclays were worth $367,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. ACR Alpine Capital Research LLC boosted its stake in shares of Barclays by 14.8% in the 1st quarter. ACR Alpine Capital Research LLC now owns 1,069,922 shares of the financial services provider’s stock worth $10,111,000 after buying an additional 138,064 shares during the last quarter. Diversified Trust Co purchased a new position in Barclays in the second quarter valued at approximately $559,000. Bayesian Capital Management LP purchased a new position in Barclays in the first quarter valued at approximately $947,000. Sei Investments Co. lifted its stake in Barclays by 26.0% in the first quarter. Sei Investments Co. now owns 1,238,789 shares of the financial services provider’s stock valued at $11,706,000 after purchasing an additional 255,300 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its stake in Barclays by 1,502.3% in the first quarter. Acadian Asset Management LLC now owns 1,346,178 shares of the financial services provider’s stock valued at $12,711,000 after purchasing an additional 1,262,165 shares during the last quarter. Hedge funds and other institutional investors own 3.39% of the company’s stock.

Wall Street Analyst Weigh In

BCS has been the topic of several research 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 upgraded Barclays from a “hold” rating to a “buy” rating in a research note on Tuesday, July 9th. Finally, The Goldman Sachs Group began coverage on shares of Barclays in a report on Tuesday, October 8th. They set a “buy” rating on the stock.

Barclays Trading Up 0.7 %

Shares of BCS stock opened at $12.68 on Tuesday. The company’s fifty day simple moving average is $12.14 and its two-hundred day simple moving average is $11.34. The company has a debt-to-equity ratio of 5.98, a current ratio of 1.39 and a quick ratio of 1.39. Barclays PLC has a 1 year low of $6.27 and a 1 year high of $13.20. The stock has a market capitalization of $46.98 billion, a price-to-earnings ratio of 9.46, a PEG ratio of 0.68 and a beta of 1.42.

Barclays (NYSE:BCS) last issued its earnings results on Thursday, October 24th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter. The business had revenue of $8.52 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 previous year, the firm earned $0.42 EPS. As a group, analysts anticipate that Barclays PLC will post 1.63 earnings per share for the current year.

Barclays Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, August 16th were issued a $0.2684 dividend. The ex-dividend date was Friday, August 16th. This represents a dividend yield of 3.6%. This is a boost from Barclays’s previous semi-annual dividend of $0.27. Barclays’s dividend payout ratio is presently 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.