Oakmont Investment Advisors Inc. Buys Shares of 23,000 Barclays PLC $BCS

Oakmont Investment Advisors Inc. bought a new stake in Barclays PLC (NYSE:BCS) during the 2nd quarter, Holdings Channel reports. The fund bought 23,000 shares of the financial services provider’s stock, valued at approximately $618,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Brooklands Fund Management Ltd bought a new position in Barclays in the first quarter valued at approximately $1,405,000. Barometer Capital Management Inc. raised its position in shares of Barclays by 2,009.8% during the 1st quarter. Barometer Capital Management Inc. now owns 86,500 shares of the financial services provider’s stock valued at $1,830,000 after acquiring an additional 82,400 shares during the last quarter. NINE MASTS CAPITAL Ltd acquired a new position in shares of Barclays in the 2nd quarter valued at $13,268,000. Renaissance Technologies LLC bought a new position in shares of Barclays in the 1st quarter worth $81,762,000. Finally, Entropy Technologies LP bought a new position in shares of Barclays in the 1st quarter worth $1,041,000. 3.39% of the stock is owned by institutional investors.

Barclays Price Performance

BCS opened at $27.00 on Friday. The stock has a market cap of $91.11 billion, a P/E ratio of 10.07, a P/E/G ratio of 0.56 and a beta of 0.99. Barclays PLC has a 12 month low of $19.29 and a 12 month high of $28.68. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 5.76. The company has a fifty day simple moving average of $27.45 and a 200 day simple moving average of $24.94.

Barclays (NYSE:BCS) last posted its earnings results on Monday, July 27th. The financial services provider reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.01. Barclays had a return on equity of 8.80% and a net margin of 22.27%.The firm had revenue of $10.95 billion for the quarter, compared to analyst estimates of $10.78 billion. On average, research analysts expect that Barclays PLC will post 2.85 EPS for the current year.

Barclays Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 7th will be issued a dividend of $0.3134 per share. This represents a dividend yield of 224.0%. The ex-dividend date is Friday, August 7th. Barclays’s payout ratio is 22.39%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Piper Sandler upgraded Barclays from an “overweight” rating to a “buy” rating in a report on Friday, June 12th. Bank of America cut Barclays from a “buy” rating to a “neutral” rating in a report on Tuesday. Morgan Stanley lowered Barclays from an “overweight” rating to an “equal weight” rating in a research report on Wednesday. Weiss Ratings upgraded shares of Barclays from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, August 3rd. Finally, Citigroup reissued a “neutral” rating on shares of Barclays in a research note on Thursday, July 16th. Four analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold”.

Barclays Company Profile

Barclays PLC (NYSE: BCS) is a British multinational bank and financial services company headquartered in London. The firm provides a broad range of banking and financial products to individual, corporate and institutional customers. Its core activities span retail and business banking, credit cards and payments, corporate and investment banking, and wealth and investment management.

In retail and business banking, Barclays offers deposit accounts, mortgages, personal and business loans, and card services.