PDS Planning Inc Buys New Stake in Barclays PLC (NYSE:BCS)

PDS Planning Inc purchased a new stake in shares of Barclays PLC (NYSE:BCS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 10,636 shares of the financial services provider’s stock, valued at approximately $141,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Lindbrook Capital LLC grew its position in shares of Barclays by 7.7% during the 4th quarter. Lindbrook Capital LLC now owns 9,476 shares of the financial services provider’s stock valued at $126,000 after acquiring an additional 674 shares during the period. Choreo LLC grew its holdings in Barclays by 1.7% in the fourth quarter. Choreo LLC now owns 46,860 shares of the financial services provider’s stock valued at $623,000 after purchasing an additional 802 shares during the period. Lake Street Advisors Group LLC increased its position in shares of Barclays by 2.2% in the fourth quarter. Lake Street Advisors Group LLC now owns 40,500 shares of the financial services provider’s stock valued at $538,000 after buying an additional 880 shares in the last quarter. M&T Bank Corp raised its stake in shares of Barclays by 4.7% during the 3rd quarter. M&T Bank Corp now owns 20,568 shares of the financial services provider’s stock worth $250,000 after buying an additional 918 shares during the period. Finally, Pzena Investment Management LLC lifted its position in shares of Barclays by 1.1% during the 4th quarter. Pzena Investment Management LLC now owns 86,226 shares of the financial services provider’s stock valued at $1,146,000 after buying an additional 924 shares in the last quarter. Hedge funds and other institutional investors own 3.39% of the company’s stock.

Barclays Stock Up 0.6 %

Shares of BCS opened at $16.16 on Thursday. The stock has a 50 day moving average price of $14.95 and a 200 day moving average price of $13.52. Barclays PLC has a one year low of $8.95 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. The stock has a market capitalization of $58.09 billion, a price-to-earnings ratio of 8.78, a PEG ratio of 0.39 and a beta of 1.38.

Barclays (NYSE:BCS) last released its earnings results on Tuesday, February 18th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, topping 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%. Equities research analysts forecast that Barclays PLC will post 2 earnings per share for the current fiscal year.

Barclays Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, February 28th will be paid a $0.2737 dividend. This represents a yield of 2.7%. This is a positive change from Barclays’s previous semi-annual dividend of $0.27. The ex-dividend date of this dividend is Friday, February 28th. Barclays’s dividend payout ratio (DPR) is 28.80%.

Wall Street Analyst Weigh In

BCS has been the subject of several recent analyst reports. BNP Paribas raised shares of Barclays from a “neutral” rating to an “outperform” rating in a report on Tuesday, March 4th. StockNews.com cut shares of Barclays from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Barclays 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.