Barclays PLC (NYSE:BCS) Shares Purchased by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC raised its holdings in Barclays PLC (NYSE:BCS) by 1.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 89,567 shares of the financial services provider’s stock after purchasing an additional 1,069 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in Barclays were worth $1,190,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Brooklyn Investment Group purchased a new stake in shares of Barclays in the fourth quarter worth about $26,000. Activest Wealth Management purchased a new stake in Barclays in the 4th quarter worth approximately $33,000. Sierra Ocean LLC purchased a new position in shares of Barclays during the 4th quarter valued at approximately $38,000. TD Private Client Wealth LLC raised its position in shares of Barclays by 135.5% in the fourth quarter. TD Private Client Wealth LLC now owns 2,916 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 1,678 shares during the period. Finally, Versant Capital Management Inc purchased a new stake in shares of Barclays in the fourth quarter valued at approximately $44,000. 3.39% of the stock is owned by institutional investors and hedge funds.

Barclays Trading Up 1.1 %

Shares of BCS opened at $16.15 on Wednesday. Barclays PLC has a 52-week low of $10.15 and a 52-week high of $16.34. The stock has a market cap of $57.85 billion, a PE ratio of 8.78, a price-to-earnings-growth ratio of 0.39 and a beta of 1.11. The firm’s fifty day moving average is $15.15 and its two-hundred day moving average is $14.13. 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 (NYSE:BCS) last posted its quarterly earnings results on Tuesday, February 18th. The financial services provider reported $0.34 earnings per share for the quarter, topping 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%. Research analysts forecast that Barclays PLC will post 2 earnings per share for the current fiscal year.

Barclays Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Friday, April 4th. Investors of record on Friday, February 28th were issued a $0.2737 dividend. This represents a dividend yield of 2.7%. 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. Barclays’s dividend payout ratio (DPR) is currently 29.89%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. StockNews.com cut shares of Barclays from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th. BNP Paribas upgraded Barclays from a “neutral” rating to an “outperform” rating in a report on Tuesday, March 4th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, 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.