Signaturefd LLC Buys 4,259 Shares of Barclays PLC (NYSE:BCS)

Signaturefd LLC boosted its stake in Barclays PLC (NYSE:BCS) by 6.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,956 shares of the financial services provider’s stock after acquiring an additional 4,259 shares during the quarter. Signaturefd LLC’s holdings in Barclays were worth $862,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Sequoia Financial Advisors LLC increased its stake in Barclays by 8.4% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 30,180 shares of the financial services provider’s stock valued at $367,000 after buying an additional 2,349 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in Barclays by 33.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 21,726 shares of the financial services provider’s stock valued at $264,000 after buying an additional 5,439 shares during the last quarter. Raymond James & Associates increased its stake in Barclays by 11.9% in the 3rd quarter. Raymond James & Associates now owns 4,007,379 shares of the financial services provider’s stock valued at $48,690,000 after buying an additional 426,815 shares during the last quarter. Blue Trust Inc. increased its stake in Barclays by 398.5% in the 3rd quarter. Blue Trust Inc. now owns 31,425 shares of the financial services provider’s stock valued at $382,000 after buying an additional 25,121 shares during the last quarter. Finally, Aaron Wealth Advisors LLC increased its stake in Barclays by 22.7% in the 3rd quarter. Aaron Wealth Advisors LLC now owns 26,760 shares of the financial services provider’s stock valued at $325,000 after buying an additional 4,959 shares during the last quarter. 3.39% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

BCS has been the topic of several recent analyst reports. The Goldman Sachs Group initiated coverage on shares of Barclays in a research note on Tuesday, October 8th. They set a “buy” rating on the stock. StockNews.com upgraded shares of Barclays from a “hold” rating to a “buy” rating in a research note on Tuesday, July 9th. Finally, Kepler Capital Markets initiated coverage on shares of Barclays in a research note on Thursday, September 5th. They set a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Barclays Stock Up 5.7 %

Barclays stock opened at $13.19 on Friday. The firm has a market capitalization of $48.85 billion, a PE ratio of 9.84, a P/E/G ratio of 0.68 and a beta of 1.42. The company’s 50-day moving average is $12.08 and its 200-day moving average is $11.26. Barclays PLC has a fifty-two week low of $6.23 and a fifty-two week high of $13.20. The company has a debt-to-equity ratio of 5.98, a current ratio of 1.39 and a quick ratio of 1.39.

Barclays (NYSE:BCS) last announced its earnings results on Thursday, August 1st. The financial services provider reported $0.42 EPS for the quarter, topping the consensus estimate of $0.40 by $0.02. The business had revenue of $7.98 billion during the quarter. Barclays had a net margin of 16.83% and a return on equity of 5.94%. During the same period in the previous year, the firm posted $0.43 EPS. Sell-side analysts anticipate that Barclays PLC will post 1.63 earnings per share for the current year.

Barclays Increases Dividend

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

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.