Pingora Partners LLC Reduces Position in Barclays PLC (NYSE:BCS)

Pingora Partners LLC reduced its holdings in Barclays PLC (NYSE:BCS) by 11.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,900 shares of the financial services provider’s stock after selling 1,200 shares during the period. Pingora Partners LLC’s holdings in Barclays were worth $118,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BCS. Henry James International Management Inc. purchased a new position in Barclays in the 4th quarter worth approximately $438,000. ABC Arbitrage SA acquired a new stake in shares of Barclays in the fourth quarter valued at approximately $21,514,000. Stonehage Fleming Financial Services Holdings Ltd acquired a new position in Barclays during the fourth quarter worth $599,000. Allspring Global Investments Holdings LLC boosted its stake in Barclays by 3,073.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 689,413 shares of the financial services provider’s stock worth $9,052,000 after buying an additional 667,687 shares during the last quarter. Finally, Neuberger Berman Group LLC grew its holdings in Barclays by 51.0% in the 4th quarter. Neuberger Berman Group LLC now owns 579,964 shares of the financial services provider’s stock valued at $7,708,000 after buying an additional 195,825 shares in the last quarter. 3.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BCS has been the topic of several recent research reports. BNP Paribas raised shares of Barclays from a “neutral” rating to an “outperform” rating in a research report on Tuesday, March 4th. StockNews.com lowered shares of Barclays from a “buy” rating to a “hold” rating in a report on Thursday, February 27th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Barclays Stock Down 0.1 %

Shares of BCS opened at $15.63 on Friday. The company’s 50-day moving average price is $15.12 and its 200 day moving average price is $14.05. Barclays PLC has a 12-month low of $10.14 and a 12-month high of $16.34. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 5.33. The firm has a market cap of $55.97 billion, a P/E ratio of 8.49, a price-to-earnings-growth ratio of 0.39 and a beta of 1.11.

Barclays (NYSE:BCS) last released its quarterly earnings results on Tuesday, February 18th. The financial services provider reported $0.34 earnings per share (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%. On average, sell-side analysts forecast that Barclays PLC will post 2 earnings per share for the current year.

Barclays Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, February 28th were paid a $0.2737 dividend. The ex-dividend date of this dividend 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 payout ratio is presently 29.89%.

Barclays Company 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.