Raymond James Financial Services Advisors Inc. Has $234,000 Stake in Barclays PLC (NYSE:BCS)

Raymond James Financial Services Advisors Inc. lowered its position in Barclays PLC (NYSE:BCS) by 9.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 29,711 shares of the financial services provider’s stock after selling 3,178 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Barclays were worth $234,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp acquired a new position in shares of Barclays during the 3rd quarter worth $30,000. IFP Advisors Inc raised its holdings in Barclays by 127.0% during the third quarter. IFP Advisors Inc now owns 4,285 shares of the financial services provider’s stock valued at $33,000 after buying an additional 2,397 shares in the last quarter. CWM LLC lifted its position in shares of Barclays by 35.1% in the third quarter. CWM LLC now owns 6,059 shares of the financial services provider’s stock worth $47,000 after buying an additional 1,574 shares during the last quarter. Paradigm Asset Management Co. LLC boosted its stake in shares of Barclays by 139.3% during the 3rd quarter. Paradigm Asset Management Co. LLC now owns 6,700 shares of the financial services provider’s stock worth $52,000 after acquiring an additional 3,900 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. bought a new stake in shares of Barclays during the 3rd quarter worth about $78,000. Institutional investors own 3.39% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Barclays from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $190.00.

Barclays Stock Performance

Shares of BCS opened at $9.71 on Wednesday. The company has a debt-to-equity ratio of 5.63, a current ratio of 1.34 and a quick ratio of 1.34. Barclays PLC has a one year low of $6.23 and a one year high of $9.98. The company’s fifty day moving average price is $8.99 and its 200 day moving average price is $7.91. The company has a market capitalization of $36.81 billion, a PE ratio of 7.09, a price-to-earnings-growth ratio of 0.35 and a beta of 1.48.

Barclays (NYSE:BCS) last posted its quarterly earnings data on Tuesday, February 20th. The financial services provider reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.39). The business had revenue of $6.95 billion for the quarter, compared to analyst estimates of $7.38 billion. Barclays had a return on equity of 6.09% and a net margin of 16.82%. As a group, analysts expect that Barclays PLC will post 1.58 earnings per share for the current year.

Barclays Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Friday, March 1st were paid a $0.2671 dividend. This is an increase from Barclays’s previous semi-annual dividend of $0.14. The ex-dividend date was Thursday, February 29th. This represents a dividend yield of 4.6%. Barclays’s dividend payout ratio (DPR) is presently 37.96%.

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.