Naviter Wealth LLC Has $1.46 Million Holdings in Barclays PLC $BCS

Naviter Wealth LLC raised its holdings in shares of Barclays PLC (NYSE:BCS) by 7.2% during the second quarter, HoldingsChannel.com reports. The firm owned 78,290 shares of the financial services provider’s stock after acquiring an additional 5,288 shares during the quarter. Naviter Wealth LLC’s holdings in Barclays were worth $1,455,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in BCS. GAMMA Investing LLC lifted its position in Barclays by 17.4% during the 1st quarter. GAMMA Investing LLC now owns 16,049 shares of the financial services provider’s stock valued at $247,000 after purchasing an additional 2,381 shares during the period. Fifth Third Bancorp increased its stake in shares of Barclays by 2.4% in the 1st quarter. Fifth Third Bancorp now owns 55,436 shares of the financial services provider’s stock valued at $851,000 after acquiring an additional 1,291 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Barclays by 52.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 47,617 shares of the financial services provider’s stock valued at $731,000 after acquiring an additional 16,293 shares during the last quarter. Sagespring Wealth Partners LLC increased its stake in shares of Barclays by 47.8% in the 1st quarter. Sagespring Wealth Partners LLC now owns 25,441 shares of the financial services provider’s stock valued at $391,000 after acquiring an additional 8,233 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in shares of Barclays by 88.3% in the 1st quarter. Blue Trust Inc. now owns 48,078 shares of the financial services provider’s stock valued at $738,000 after acquiring an additional 22,539 shares during the last quarter. 3.39% of the stock is currently owned by institutional investors and hedge funds.

Barclays Price Performance

NYSE BCS opened at $20.42 on Wednesday. The business has a 50 day simple moving average of $20.34 and a 200 day simple moving average of $18.24. Barclays PLC has a 52-week low of $12.14 and a 52-week high of $21.22. The company has a debt-to-equity ratio of 5.70, a quick ratio of 1.38 and a current ratio of 1.38. The stock has a market cap of $71.43 billion, a price-to-earnings ratio of 9.41, a PEG ratio of 0.42 and a beta of 1.10.

Barclays (NYSE:BCS) last posted its earnings results on Tuesday, July 29th. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.12. Barclays had a return on equity of 8.49% and a net margin of 22.11%.The business had revenue of $9.58 billion during the quarter, compared to analysts’ expectations of $7.06 billion. Analysts anticipate that Barclays PLC will post 2 earnings per share for the current fiscal year.

Barclays Cuts Dividend

The company also recently declared a semi-annual dividend, which was paid on Tuesday, September 16th. Shareholders of record on Friday, August 8th were given a dividend of $0.1557 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a yield of 210.0%. Barclays’s dividend payout ratio is 14.75%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Barclays in a research note on Wednesday, July 16th. Wall Street Zen cut Barclays from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Morgan Stanley reaffirmed an “overweight” rating on shares of Barclays in a research note on Monday, October 6th. Citigroup cut Barclays from a “buy” rating to a “neutral” rating in a research note on Friday, July 18th. Finally, Zacks Research raised Barclays from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 29th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Barclays has a consensus rating of “Buy”.

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.