Creative Planning Grows Stock Holdings in Barclays PLC (NYSE:BCS)

Creative Planning increased its holdings in shares of Barclays PLC (NYSE:BCS) by 12.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 311,466 shares of the financial services provider’s stock after purchasing an additional 33,538 shares during the period. Creative Planning’s holdings in Barclays were worth $3,784,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. ACR Alpine Capital Research LLC grew its stake in shares of Barclays by 14.8% during 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 purchasing an additional 138,064 shares during the period. Diversified Trust Co purchased a new position in Barclays in the second quarter valued at $559,000. Bayesian Capital Management LP purchased a new stake in shares of Barclays during the 1st quarter worth about $947,000. Sei Investments Co. grew its position in shares of Barclays by 26.0% during the 1st quarter. Sei Investments Co. now owns 1,238,789 shares of the financial services provider’s stock valued at $11,706,000 after acquiring an additional 255,300 shares during the period. Finally, Acadian Asset Management LLC increased its stake in shares of Barclays by 1,502.3% in the 1st 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 in the last quarter. 3.39% of the stock is currently owned by institutional investors and hedge funds.

Barclays Price Performance

Barclays stock opened at $12.58 on Friday. The company has a fifty day simple moving average of $12.11 and a 200-day simple moving average of $11.28. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 5.98. The firm has a market capitalization of $46.61 billion, a price-to-earnings ratio of 9.39, a PEG ratio of 0.68 and a beta of 1.42. Barclays PLC has a 52-week low of $6.23 and a 52-week high of $13.20.

Barclays (NYSE:BCS) last released its earnings results on Thursday, October 24th. The financial services provider reported $0.56 earnings per share for the quarter. Barclays had a net margin of 16.83% and a return on equity of 5.94%. The business had revenue of $8.52 billion for the quarter. During the same period last year, the business earned $0.42 earnings per share. On average, equities analysts anticipate that Barclays PLC will post 1.63 EPS for the current fiscal 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 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 was Friday, August 16th. This represents a dividend yield of 3.6%. Barclays’s payout ratio is presently 21.64%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. StockNews.com raised Barclays from a “hold” rating to a “buy” rating in a research note on Tuesday, July 9th. The Goldman Sachs Group started coverage on shares of Barclays in a research report on Tuesday, October 8th. They issued a “buy” rating on the stock. Finally, Kepler Capital Markets assumed coverage on shares of Barclays in a research note on Thursday, September 5th. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

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.