Whipplewood Advisors LLC Purchases New Position in Barclays PLC (NYSE:BCS)

Whipplewood Advisors LLC purchased a new stake in Barclays PLC (NYSE:BCS) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 9,003 shares of the financial services provider’s stock, valued at approximately $120,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Choreo LLC boosted 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 in the last quarter. Lake Street Advisors Group LLC boosted its holdings 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 acquiring an additional 880 shares during the period. M&T Bank Corp boosted its holdings in shares of Barclays by 4.7% in the third quarter. M&T Bank Corp now owns 20,568 shares of the financial services provider’s stock valued at $250,000 after acquiring an additional 918 shares during the period. Callan Capital LLC boosted its holdings in shares of Barclays by 5.4% in the fourth quarter. Callan Capital LLC now owns 19,930 shares of the financial services provider’s stock valued at $265,000 after acquiring an additional 1,013 shares during the period. Finally, Apollon Wealth Management LLC boosted its holdings in shares of Barclays by 10.0% in the third quarter. Apollon Wealth Management LLC now owns 11,826 shares of the financial services provider’s stock valued at $144,000 after acquiring an additional 1,075 shares during the period. 3.39% of the stock is owned by institutional investors and hedge funds.

Barclays Price Performance

BCS stock opened at $15.70 on Friday. The company has a market capitalization of $56.59 billion, a P/E ratio of 8.53, a PEG ratio of 0.39 and a beta of 1.40. Barclays PLC has a twelve month low of $8.37 and a twelve month high of $16.02. The business has a 50 day simple moving average of $14.28 and a 200-day simple moving average of $13.14. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 5.33.

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

Barclays Increases Dividend

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Barclays from a “buy” rating to a “hold” rating in a report on Thursday.

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.