Ritholtz Wealth Management Has $3.93 Million Stock Position in Barclays PLC $BCS

Ritholtz Wealth Management decreased its position in shares of Barclays PLC (NYSE:BCS) by 1.4% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 211,433 shares of the financial services provider’s stock after selling 2,963 shares during the period. Ritholtz Wealth Management’s holdings in Barclays were worth $3,931,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Elequin Capital LP acquired a new stake in Barclays during the 1st quarter valued at $30,000. Wealthquest Corp acquired a new stake in shares of Barclays in the first quarter valued at $32,000. Zions Bancorporation National Association UT acquired a new stake in shares of Barclays in the first quarter valued at $40,000. WPG Advisers LLC acquired a new stake in shares of Barclays in the first quarter valued at $40,000. Finally, Wayfinding Financial LLC acquired a new stake in Barclays in the 1st quarter valued at about $46,000. Institutional investors and hedge funds own 3.39% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on BCS shares. Morgan Stanley restated an “overweight” rating on shares of Barclays in a research report on Monday, October 6th. Wall Street Zen lowered shares of Barclays from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Royal Bank Of Canada reissued an “outperform” rating on shares of Barclays in a research note on Wednesday, July 16th. 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 research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy”.

Barclays Price Performance

BCS opened at $20.31 on Thursday. The company has a fifty day moving average price of $20.35 and a two-hundred day moving average price of $18.25. 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 PLC has a 52 week low of $12.14 and a 52 week high of $21.22. The firm has a market capitalization of $71.05 billion, a PE ratio of 9.36, a P/E/G ratio of 0.43 and a beta of 1.10.

Barclays (NYSE:BCS) last released its earnings results on Tuesday, July 29th. The financial services provider reported $0.62 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $7.06 billion. As a group, analysts anticipate that Barclays PLC will post 2 earnings per share for the current year.

Barclays Cuts Dividend

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

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.