71,536 Shares in Barclays PLC (NYSE:BCS) Purchased by Naviter Wealth LLC

Naviter Wealth LLC acquired a new position in Barclays PLC (NYSE:BCS) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 71,536 shares of the financial services provider’s stock, valued at approximately $951,000.

A number of other large investors also recently added to or reduced their stakes in the company. Brooklyn Investment Group purchased a new stake in shares of Barclays in the 4th quarter valued at $26,000. Activest Wealth Management acquired a new position in Barclays in the 4th quarter valued at about $33,000. Sierra Ocean LLC acquired a new stake in shares of Barclays during the fourth quarter worth about $38,000. Versant Capital Management Inc purchased a new position in shares of Barclays in the fourth quarter valued at approximately $44,000. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Barclays in the fourth quarter valued at approximately $71,000. 3.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on BCS shares. BNP Paribas raised shares of Barclays from a “neutral” rating to an “outperform” rating in a research note on Tuesday, March 4th. StockNews.com lowered Barclays from a “buy” rating to a “hold” rating in a research report on Thursday, February 27th. One research 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, Barclays presently has a consensus rating of “Moderate Buy”.

Barclays Stock Performance

Shares of Barclays stock opened at $15.93 on Friday. The business has a 50-day simple moving average of $14.59 and a 200-day simple moving average of $13.33. The company has a market cap of $57.42 billion, a PE ratio of 8.65, a P/E/G ratio of 0.39 and a beta of 1.38. Barclays PLC has a one year low of $8.93 and a one year high of $16.33. The company has a debt-to-equity ratio of 5.33, a quick ratio of 1.29 and a current ratio of 1.29.

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

Barclays Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.2737 per share. This represents a yield of 2.7%. This is an increase from Barclays’s previous semi-annual dividend of $0.27. The ex-dividend date of this dividend is Friday, February 28th. Barclays’s payout ratio is 28.80%.

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.