Barclays PLC (NYSE:BCS) Shares Bought by Creative Planning

Creative Planning lifted its holdings in shares of Barclays PLC (NYSE:BCS) by 12.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 311,466 shares of the financial services provider’s stock after purchasing an additional 33,538 shares during the quarter. Creative Planning’s holdings in Barclays were worth $3,784,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Park Avenue Securities LLC increased its position in shares of Barclays by 15.9% during the first quarter. Park Avenue Securities LLC now owns 63,628 shares of the financial services provider’s stock valued at $601,000 after acquiring an additional 8,718 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Barclays by 5.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 163,549 shares of the financial services provider’s stock valued at $1,546,000 after purchasing an additional 8,459 shares during the period. Kathmere Capital Management LLC boosted its position in shares of Barclays by 88.0% during the first quarter. Kathmere Capital Management LLC now owns 31,912 shares of the financial services provider’s stock worth $302,000 after buying an additional 14,936 shares during the period. Cornerstone Wealth Group LLC acquired a new stake in shares of Barclays in the first quarter valued at $100,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in shares of Barclays in the 1st quarter valued at $89,000. 3.39% of the stock is owned by institutional investors and hedge funds.

Barclays Stock Down 4.6 %

BCS stock opened at $12.58 on Friday. Barclays PLC has a fifty-two week low of $6.23 and a fifty-two week high of $13.20. The company’s 50 day moving average price is $12.11 and its 200 day moving average price is $11.28. The company has a debt-to-equity ratio of 5.98, a quick ratio of 1.39 and a current ratio of 1.39. The firm has a market capitalization of $46.61 billion, a price-to-earnings ratio of 9.39, a PEG ratio of 0.68 and a beta of 1.42.

Barclays (NYSE:BCS) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.56 earnings per share for the quarter. The business had revenue of $8.52 billion for the quarter. Barclays had a net margin of 16.83% and a return on equity of 5.94%. During the same quarter in the previous year, the business posted $0.42 earnings per share. On average, equities research analysts anticipate that Barclays PLC will post 1.63 EPS for the current fiscal year.

Barclays Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, August 16th were issued a $0.2684 dividend. The ex-dividend date was Friday, August 16th. This represents a dividend yield of 3.6%. This is an increase from Barclays’s previous semi-annual dividend of $0.27. Barclays’s dividend payout ratio is presently 21.64%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Kepler Capital Markets began coverage on Barclays in a research report on Thursday, September 5th. They issued a “buy” rating for the company. The Goldman Sachs Group assumed coverage on shares of Barclays in a research note on Tuesday, October 8th. They set a “buy” rating on the stock. Finally, StockNews.com raised shares of Barclays from a “hold” rating to a “buy” rating in a research report on Tuesday, July 9th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

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.