Y Intercept Hong Kong Ltd Sells 282,529 Shares of Barclays PLC (NYSE:BCS)

Y Intercept Hong Kong Ltd cut its holdings in shares of Barclays PLC (NYSE:BCS) by 87.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 42,204 shares of the financial services provider’s stock after selling 282,529 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Barclays were worth $561,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Callan Capital LLC raised its stake in shares of Barclays by 5.4% in the 4th quarter. Callan Capital LLC now owns 19,930 shares of the financial services provider’s stock valued at $265,000 after purchasing an additional 1,013 shares during the period. Leuthold Group LLC raised its stake in shares of Barclays by 1,221.7% in the 4th quarter. Leuthold Group LLC now owns 339,520 shares of the financial services provider’s stock valued at $4,512,000 after purchasing an additional 313,831 shares during the period. Legacy Capital Group California Inc. acquired a new stake in shares of Barclays in the 4th quarter valued at about $197,000. Concurrent Investment Advisors LLC raised its stake in shares of Barclays by 97.7% in the 4th quarter. Concurrent Investment Advisors LLC now owns 20,512 shares of the financial services provider’s stock valued at $273,000 after purchasing an additional 10,137 shares during the period. Finally, Wealth Alliance acquired a new stake in shares of Barclays in the 4th quarter valued at about $149,000. 3.39% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Barclays from a “buy” rating to a “hold” rating in a research report on Thursday.

Barclays Price Performance

Shares of NYSE BCS opened at $15.87 on Friday. The business’s 50 day moving average price is $14.34 and its two-hundred day moving average price is $13.19. The company has a market cap of $57.20 billion, a PE ratio of 8.62, a price-to-earnings-growth ratio of 0.39 and a beta of 1.41. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 5.33. Barclays PLC has a twelve month low of $8.37 and a twelve month high of $16.02.

Barclays (NYSE:BCS) last issued its quarterly earnings data on Tuesday, February 18th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.15. Barclays had a return on equity of 7.74% and a net margin of 20.81%. On average, analysts predict that Barclays PLC will post 2 EPS for the current year.

Barclays Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Friday, April 4th. Investors of record on Friday, February 28th will be paid a $0.2737 dividend. This is a boost from Barclays’s previous semi-annual dividend of $0.27. This represents a dividend yield of 2.7%. The ex-dividend date is Friday, February 28th. Barclays’s payout ratio is 28.80%.

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.