Farther Finance Advisors LLC Raises Stake in Barclays PLC (NYSE:BCS)

Farther Finance Advisors LLC increased its stake in shares of Barclays PLC (NYSE:BCS) by 36.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,762 shares of the financial services provider’s stock after buying an additional 1,011 shares during the period. Farther Finance Advisors LLC’s holdings in Barclays were worth $50,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Brooklyn Investment Group purchased a new position in Barclays in the fourth quarter valued at approximately $26,000. Activest Wealth Management purchased a new stake in Barclays in the 4th quarter worth about $33,000. Sierra Ocean LLC bought a new stake in Barclays in the 4th quarter valued at about $38,000. Versant Capital Management Inc purchased a new stake in Barclays during the fourth quarter valued at about $44,000. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Barclays in the fourth quarter valued at approximately $71,000. Institutional investors own 3.39% of the company’s stock.

Barclays Price Performance

Barclays stock opened at $15.76 on Monday. The stock has a market cap of $56.65 billion, a price-to-earnings ratio of 8.56, a PEG ratio of 0.39 and a beta of 1.38. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 5.33. The business has a 50-day simple moving average of $15.06 and a 200 day simple moving average of $13.59. Barclays PLC has a 52 week low of $8.95 and a 52 week high of $16.33.

Barclays (NYSE:BCS) last announced its earnings results on Tuesday, February 18th. The financial services provider reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.15. Barclays had a net margin of 20.81% and a return on equity of 7.74%. On average, research analysts forecast that Barclays PLC will post 2 earnings per share for the current fiscal year.

Barclays Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, February 28th will be paid a $0.2737 dividend. This is a boost from Barclays’s previous semi-annual dividend of $0.27. The ex-dividend date is Friday, February 28th. This represents a dividend yield of 2.7%. Barclays’s dividend payout ratio is 28.80%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on BCS shares. StockNews.com lowered shares of Barclays from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th. BNP Paribas upgraded Barclays from a “neutral” rating to an “outperform” rating in a research note on Tuesday, March 4th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently 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.