AMG National Trust Bank Sells 176,950 Shares of Barclays PLC (NYSE:BCS)

AMG National Trust Bank decreased its position in Barclays PLC (NYSE:BCS) by 53.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 156,837 shares of the financial services provider’s stock after selling 176,950 shares during the quarter. AMG National Trust Bank’s holdings in Barclays were worth $2,084,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Lindbrook Capital LLC raised its stake 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 worth $126,000 after purchasing an additional 674 shares during the period. Choreo LLC increased its holdings in Barclays by 1.7% during the fourth quarter. Choreo LLC now owns 46,860 shares of the financial services provider’s stock worth $623,000 after buying an additional 802 shares during the last quarter. Lake Street Advisors Group LLC raised its position in 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 worth $538,000 after acquiring an additional 880 shares during the period. M&T Bank Corp boosted its stake in 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 last quarter. Finally, Callan Capital LLC grew its position in shares of Barclays by 5.4% during the 4th 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. Hedge funds and other institutional investors own 3.39% of the company’s stock.

Analysts Set New Price Targets

BCS has been the topic of several research analyst reports. StockNews.com downgraded Barclays from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th. BNP Paribas raised Barclays from a “neutral” rating to an “outperform” rating in a research report on Tuesday. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Barclays Stock Performance

Shares of BCS stock opened at $15.93 on Friday. The firm’s 50 day moving average is $14.59 and its 200 day moving average is $13.32. The stock has a market capitalization of $57.42 billion, a P/E ratio of 8.65, a PEG ratio of 0.39 and a beta of 1.38. Barclays PLC has a 12 month low of $8.93 and a 12 month high of $16.33. 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 posted its earnings results on Tuesday, February 18th. The financial services provider reported $0.34 earnings per share (EPS) 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%. On average, sell-side analysts anticipate that Barclays PLC will post 2 earnings per share for the current year.

Barclays Increases Dividend

The business also recently announced 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%. The ex-dividend date of this dividend is Friday, February 28th. This is a positive change from Barclays’s previous semi-annual dividend of $0.27. Barclays’s payout ratio is presently 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.