Dorsey Wright & Associates Sells 58,583 Shares of Barclays PLC (NYSE:BCS)

Dorsey Wright & Associates reduced its holdings in shares of Barclays PLC (NYSE:BCS) by 21.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 211,046 shares of the financial services provider’s stock after selling 58,583 shares during the period. Dorsey Wright & Associates’ holdings in Barclays were worth $2,805,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Brooklyn Investment Group bought a new stake in shares of Barclays in the 4th quarter worth approximately $26,000. Activest Wealth Management bought a new position in shares of Barclays in the fourth quarter worth approximately $33,000. Sierra Ocean LLC purchased a new position in Barclays in the 4th quarter worth approximately $38,000. TD Private Client Wealth LLC lifted its position in Barclays by 135.5% in the 4th quarter. TD Private Client Wealth LLC now owns 2,916 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 1,678 shares in the last quarter. Finally, Versant Capital Management Inc purchased a new stake in Barclays during the 4th quarter valued at $44,000. Institutional investors own 3.39% of the company’s stock.

Barclays Trading Down 2.9 %

Barclays stock opened at $15.42 on Friday. Barclays PLC has a 52-week low of $8.95 and a 52-week high of $16.34. The company has a market cap of $55.43 billion, a P/E ratio of 8.38, a P/E/G ratio of 0.39 and a beta of 1.38. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 5.33. The business has a 50-day simple moving average of $15.29 and a two-hundred day simple moving average of $13.72.

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

Barclays Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Friday, April 4th. Investors of record on Friday, February 28th will be given a dividend of $0.2737 per share. The ex-dividend date is Friday, February 28th. This is an increase from Barclays’s previous semi-annual dividend of $0.27. This represents a yield of 2.7%. Barclays’s payout ratio is 29.89%.

Analysts Set New Price Targets

Several research firms have recently weighed in on BCS. BNP Paribas upgraded Barclays from a “neutral” rating to an “outperform” rating in a research note on Tuesday, March 4th. StockNews.com downgraded shares of Barclays from a “buy” rating to a “hold” rating in a research report on Thursday, February 27th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

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.