DAVENPORT & Co LLC lifted its stake in Barclays PLC (NYSE:BCS – Get Rating) by 11.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,357 shares of the financial services provider's stock after purchasing an additional 6,041 shares during the quarter. DAVENPORT & Co LLC's holdings in Barclays were worth $451,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently modified their holdings of BCS. Tcwp LLC purchased a new position in shares of Barclays in the 1st quarter worth about $31,000. CWM LLC raised its position in shares of Barclays by 72.4% in the 1st quarter. CWM LLC now owns 4,058 shares of the financial services provider's stock worth $32,000 after purchasing an additional 1,704 shares during the last quarter. WD Rutherford LLC purchased a new position in shares of Barclays in the 1st quarter worth about $39,000. Onyx Bridge Wealth Group LLC purchased a new position in Barclays in the 1st quarter worth about $81,000. Finally, Five Oceans Advisors purchased a new position in Barclays in the 2nd quarter worth about $90,000. Hedge funds and other institutional investors own 3.47% of the company's stock.
Get Barclays alerts:Wall Street Analysts Forecast Growth
BCS has been the subject of a number of recent analyst reports. Credit Suisse Group decreased their target price on Barclays from GBX 245 ($2.96) to GBX 240 ($2.90) and set an "outperform" rating for the company in a research report on Monday, August 1st. StockNews.com lowered Barclays from a "buy" rating to a "hold" rating in a research report on Friday, September 2nd. Deutsche Bank Aktiengesellschaft boosted their target price on Barclays from GBX 210 ($2.54) to GBX 230 ($2.78) and gave the stock a "hold" rating in a research report on Monday, August 1st. Finally, JPMorgan Chase & Co. boosted their target price on Barclays from GBX 190 ($2.30) to GBX 200 ($2.42) in a research report on Wednesday, September 7th. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $230.00.
Barclays Trading Down 1.2 %
Barclays stock opened at $6.40 on Friday. The business has a 50-day simple moving average of $7.80 and a two-hundred day simple moving average of $7.87. The company has a market cap of $26.76 billion, a P/E ratio of 4.18, a P/E/G ratio of 0.13 and a beta of 1.29. The company has a quick ratio of 1.39, a current ratio of 1.40 and a debt-to-equity ratio of 5.42. Barclays PLC has a 52-week low of $6.32 and a 52-week high of $12.20.Barclays (NYSE:BCS – Get Rating) last announced its quarterly earnings data on Thursday, July 28th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.39 by ($0.07). The company had revenue of $8.43 billion for the quarter, compared to the consensus estimate of $7.77 billion. Barclays had a net margin of 21.25% and a return on equity of 6.86%. Analysts predict that Barclays PLC will post 1.6 EPS for the current year.
Barclays Cuts Dividend
The business also recently disclosed a semi-annual dividend, which was paid on Friday, September 16th. Investors of record on Friday, August 12th were paid a dividend of $0.2094 per share. The ex-dividend date was Thursday, August 11th. This represents a dividend yield of 4%. Barclays's dividend payout ratio (DPR) is presently 13.07%.
About Barclays
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Barclays PLC, through its subsidiaries, provides various financial products and services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International divisions. It offers financial services, such as retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.
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