Envestnet Asset Management Inc. Grows Stock Position in Barclays PLC (NYSE:BCS)

Envestnet Asset Management Inc. lifted its position in Barclays PLC (NYSE:BCS) by 14.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,063,126 shares of the financial services provider’s stock after acquiring an additional 391,899 shares during the period. Envestnet Asset Management Inc. owned 0.08% of Barclays worth $40,709,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in BCS. Lindbrook Capital LLC grew its holdings in shares of Barclays by 7.7% during the fourth quarter. Lindbrook Capital LLC now owns 9,476 shares of the financial services provider’s stock worth $126,000 after buying an additional 674 shares in the last quarter. Choreo LLC boosted its position in Barclays by 1.7% during the fourth quarter. Choreo LLC now owns 46,860 shares of the financial services provider’s stock worth $623,000 after acquiring an additional 802 shares during the last quarter. Lake Street Advisors Group LLC grew its stake in Barclays by 2.2% during the 4th quarter. Lake Street Advisors Group LLC now owns 40,500 shares of the financial services provider’s stock valued at $538,000 after acquiring an additional 880 shares in the last quarter. M&T Bank Corp raised its holdings in Barclays by 4.7% in the 3rd quarter. M&T Bank Corp now owns 20,568 shares of the financial services provider’s stock valued at $250,000 after acquiring an additional 918 shares during the last quarter. Finally, Pzena Investment Management LLC lifted its stake in Barclays by 1.1% in the 4th quarter. Pzena Investment Management LLC now owns 86,226 shares of the financial services provider’s stock worth $1,146,000 after purchasing an additional 924 shares in the last quarter. 3.39% of the stock is currently owned by hedge funds and other institutional investors.

Barclays Stock Up 2.8 %

BCS stock opened at $13.95 on Friday. The firm has a market cap of $50.14 billion, a PE ratio of 7.58, a PEG ratio of 0.39 and a beta of 1.11. Barclays PLC has a one year low of $8.95 and a one year high of $16.34. The company has a debt-to-equity ratio of 5.33, a quick ratio of 1.29 and a current ratio of 1.29. The firm’s 50 day moving average price is $15.14 and its 200-day moving average price is $13.88.

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

Barclays Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, February 28th were given a dividend of $0.2737 per share. The ex-dividend date was Friday, February 28th. This is a boost from Barclays’s previous semi-annual dividend of $0.27. This represents a dividend yield of 2.7%. Barclays’s dividend payout ratio (DPR) is currently 29.89%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on BCS. BNP Paribas upgraded Barclays from a “neutral” rating to an “outperform” rating in a research report on Tuesday, March 4th. StockNews.com lowered Barclays from a “buy” rating to a “hold” rating in a report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Barclays presently 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.