Sequoia Financial Advisors LLC Purchases 6,230 Shares of Barclays PLC $BCS

Sequoia Financial Advisors LLC grew its position in shares of Barclays PLC (NYSE:BCS) by 18.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 39,211 shares of the financial services provider’s stock after buying an additional 6,230 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Barclays were worth $729,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its stake in Barclays by 14.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 352,328 shares of the financial services provider’s stock worth $5,412,000 after buying an additional 43,607 shares during the last quarter. FORA Capital LLC bought a new stake in Barclays during the first quarter worth about $697,000. Invesco Ltd. grew its stake in Barclays by 8,088.1% during the first quarter. Invesco Ltd. now owns 882,108 shares of the financial services provider’s stock worth $13,549,000 after buying an additional 871,335 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in Barclays by 13.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 784,979 shares of the financial services provider’s stock worth $12,089,000 after buying an additional 95,566 shares during the last quarter. Finally, Bessemer Group Inc. grew its stake in Barclays by 1,539.6% during the first quarter. Bessemer Group Inc. now owns 4,509 shares of the financial services provider’s stock worth $69,000 after buying an additional 4,234 shares during the last quarter. 3.39% of the stock is owned by institutional investors.

Barclays Trading Down 2.9%

Shares of NYSE BCS opened at $19.38 on Friday. The company’s 50 day simple moving average is $20.34 and its 200 day simple moving average is $18.33. Barclays PLC has a fifty-two week low of $12.14 and a fifty-two week high of $21.22. The firm has a market capitalization of $67.76 billion, a P/E ratio of 8.93, a P/E/G ratio of 0.41 and a beta of 1.10. The company has a debt-to-equity ratio of 5.70, a current ratio of 1.38 and a quick ratio of 1.38.

Barclays (NYSE:BCS) last announced its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.12. The business had revenue of $9.58 billion for the quarter, compared to analyst estimates of $7.06 billion. Barclays had a net margin of 22.11% and a return on equity of 8.49%. On average, analysts predict that Barclays PLC will post 2 EPS for the current year.

Barclays Cuts Dividend

The company also recently announced a semi-annual dividend, which was paid on Tuesday, September 16th. Shareholders of record on Friday, August 8th were issued a $0.1557 dividend. The ex-dividend date was Friday, August 8th. This represents a yield of 210.0%. Barclays’s dividend payout ratio (DPR) is 14.75%.

Wall Street Analyst Weigh In

BCS has been the topic of several research analyst reports. Morgan Stanley reissued an “overweight” rating on shares of Barclays in a research note on Monday, October 6th. Weiss Ratings reissued a “buy (b)” rating on shares of Barclays in a research note on Wednesday, October 8th. Wall Street Zen cut shares of Barclays from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Royal Bank Of Canada reissued an “outperform” rating on shares of Barclays in a research note on Wednesday, July 16th. Finally, Zacks Research raised shares of Barclays from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 29th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy”.

Barclays Company 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.