Barclays PLC (NYSE:BCS) Stake Lowered by Masters Capital Management LLC

Masters Capital Management LLC cut its position in Barclays PLC (NYSE:BCS) by 36.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,900,000 shares of the financial services provider’s stock after selling 1,080,000 shares during the quarter. Barclays comprises 1.1% of Masters Capital Management LLC’s holdings, making the stock its 27th biggest position. Masters Capital Management LLC owned approximately 0.05% of Barclays worth $20,349,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Rothschild Investment LLC purchased a new stake in shares of Barclays during the second quarter valued at $30,000. Principal Securities Inc. acquired a new position in shares of Barclays in the 4th quarter valued at about $34,000. EverSource Wealth Advisors LLC grew 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 valued at $37,000 after purchasing an additional 1,524 shares in the last quarter. GAMMA Investing LLC increased its stake 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 buying an additional 1,503 shares during the period. Finally, EntryPoint Capital LLC purchased a new position in shares of Barclays during the 1st quarter valued at $48,000. 3.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Kepler Capital Markets assumed coverage on Barclays in a research report on Thursday, September 5th. They issued a “buy” rating on the stock. StockNews.com raised shares of Barclays from a “hold” rating to a “buy” rating in a research report on Tuesday, July 9th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Barclays has a consensus rating of “Moderate Buy”.

Barclays Stock Down 1.5 %

Shares of BCS stock opened at $12.04 on Tuesday. Barclays PLC has a twelve month low of $6.23 and a twelve month 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 stock’s 50 day simple moving average is $11.74 and its 200 day simple moving average is $10.82. The company has a market capitalization of $44.61 billion, a price-to-earnings ratio of 8.99, a PEG ratio of 0.63 and a beta of 1.43.

Barclays (NYSE:BCS) last issued its earnings results on Thursday, August 1st. The financial services provider reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. The business had revenue of $7.98 billion during the quarter. Barclays had a return on equity of 5.94% and a net margin of 16.83%. During the same quarter in the previous year, the company posted $0.43 earnings per share. As a group, research analysts predict that Barclays PLC will post 1.68 EPS for the current year.

Barclays Increases Dividend

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