US Bancorp DE Trims Stock Holdings in Barclays PLC $BCS

US Bancorp DE decreased its stake in Barclays PLC (NYSE:BCS) by 15.7% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 157,570 shares of the financial services provider’s stock after selling 29,455 shares during the period. US Bancorp DE’s holdings in Barclays were worth $2,929,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of BCS. Elequin Capital LP purchased a new stake in Barclays in the first quarter worth about $30,000. Wealthquest Corp bought a new position in shares of Barclays in the first quarter worth about $32,000. Zions Bancorporation National Association UT bought a new position in shares of Barclays in the first quarter worth about $40,000. WPG Advisers LLC bought a new position in shares of Barclays in the first quarter worth about $40,000. Finally, Wayfinding Financial LLC bought a new position in shares of Barclays in the first quarter worth about $46,000. Hedge funds and other institutional investors own 3.39% of the company’s stock.

Analysts Set New Price Targets

BCS has been the subject of a number of recent analyst reports. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Barclays in a research note on Wednesday, July 16th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Barclays in a research note on Wednesday, October 8th. Wall Street Zen lowered Barclays from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Morgan Stanley reaffirmed an “overweight” rating on shares of Barclays in a research note on Monday, October 6th. Finally, Citigroup lowered Barclays from a “buy” rating to a “neutral” rating in a research note on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Barclays Price Performance

Shares of Barclays stock opened at $20.42 on Wednesday. The stock has a 50 day moving average of $20.34 and a 200 day moving average of $18.24. Barclays PLC has a 12 month low of $12.14 and a 12 month high of $21.22. The firm has a market cap of $71.43 billion, a PE ratio of 9.41, a PEG ratio of 0.42 and a beta of 1.10. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 5.70.

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

Barclays Cuts Dividend

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

Barclays 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.