Compound Planning Inc. Purchases Shares of 97,881 Barclays PLC $BCS

Compound Planning Inc. acquired a new position in shares of Barclays PLC (NYSE:BCS) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 97,881 shares of the financial services provider’s stock, valued at approximately $1,503,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Natixis Advisors LLC boosted its position in Barclays by 78.7% during the first quarter. Natixis Advisors LLC now owns 8,892,766 shares of the financial services provider’s stock valued at $136,593,000 after purchasing an additional 3,917,785 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Barclays by 485.0% during the 4th quarter. Bank of America Corp DE now owns 6,680,869 shares of the financial services provider’s stock worth $88,789,000 after purchasing an additional 5,538,912 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Barclays by 20.5% in the 4th quarter. Northern Trust Corp now owns 6,059,544 shares of the financial services provider’s stock valued at $80,531,000 after buying an additional 1,029,401 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in shares of Barclays by 11.4% in the 1st quarter. Raymond James Financial Inc. now owns 4,976,635 shares of the financial services provider’s stock valued at $76,441,000 after buying an additional 509,110 shares during the last quarter. Finally, Deutsche Bank AG bought a new position in shares of Barclays in the fourth quarter valued at $50,189,000. Institutional investors and hedge funds own 3.39% of the company’s stock.

Barclays Stock Performance

Shares of BCS stock opened at $20.4550 on Friday. Barclays PLC has a 52 week low of $11.22 and a 52 week high of $20.58. The company has a market capitalization of $72.22 billion, a price-to-earnings ratio of 9.43, a PEG ratio of 0.48 and a beta of 1.15. The company has a 50-day simple moving average of $19.04 and a 200 day simple moving average of $16.98. The company has a debt-to-equity ratio of 5.70, a quick ratio of 1.38 and a current ratio of 1.38.

Barclays (NYSE:BCS) last released its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.12. Barclays had a net margin of 22.11% and a return on equity of 8.49%. The firm had revenue of $9.58 billion for the quarter, compared to analysts’ expectations of $7.06 billion. On average, sell-side analysts predict that Barclays PLC will post 2 earnings per share for the current year.

Barclays Cuts Dividend

The company also recently declared a semi-annual dividend, which will be paid on Tuesday, September 16th. Investors of record on Friday, August 8th will be issued a dividend of $0.1557 per share. This represents a yield of 210.0%. The ex-dividend date of this dividend is Friday, August 8th. Barclays’s dividend payout ratio (DPR) is presently 14.29%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Wall Street Zen lowered shares of Barclays from a “buy” rating to a “hold” rating in a research report on Sunday, July 13th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Barclays in a report on Wednesday, July 16th. Morgan Stanley reiterated an “overweight” rating on shares of Barclays in a research note on Wednesday, July 30th. Finally, Citigroup downgraded Barclays from a “buy” rating to a “neutral” rating in a research report on Friday, July 18th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from 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.