Symphony Financial Ltd. Co. Acquires Shares of 3,416 Barclays PLC (NYSE:BCS)

Symphony Financial Ltd. Co. acquired a new position in shares of Barclays PLC (NYSE:BCS) in the third quarter, Holdings Channel reports. The fund acquired 3,416 shares of the financial services provider’s stock, valued at approximately $42,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Sage Mountain Advisors LLC grew its position in Barclays by 7.7% in the 2nd quarter. Sage Mountain Advisors LLC now owns 11,767 shares of the financial services provider’s stock valued at $126,000 after buying an additional 838 shares during the last quarter. Hexagon Capital Partners LLC boosted its holdings in shares of Barclays by 32.4% in the third quarter. Hexagon Capital Partners LLC now owns 4,624 shares of the financial services provider’s stock valued at $56,000 after acquiring an additional 1,132 shares in the last quarter. Legacy Wealth Asset Management LLC increased its stake in shares of Barclays by 2.0% during the first quarter. Legacy Wealth Asset Management LLC now owns 61,623 shares of the financial services provider’s stock worth $582,000 after acquiring an additional 1,237 shares during the period. AMG National Trust Bank raised its holdings in Barclays by 0.4% during the second quarter. AMG National Trust Bank now owns 333,744 shares of the financial services provider’s stock worth $3,574,000 after purchasing an additional 1,343 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in Barclays by 51.7% in the first quarter. GAMMA Investing LLC now owns 4,411 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 1,503 shares during the period. 3.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on BCS. Kepler Capital Markets initiated coverage on Barclays in a research report on Thursday, September 5th. They set a “buy” rating on the stock. The Goldman Sachs Group began coverage on Barclays in a report on Tuesday, October 8th. They set a “buy” rating on the stock. Finally, StockNews.com raised Barclays from a “hold” rating to a “buy” rating in a report on Tuesday, July 9th. One analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

Barclays Trading Down 2.2 %

Shares of Barclays stock opened at $12.47 on Thursday. The company has a 50-day moving average of $12.08 and a two-hundred day moving average of $11.26. Barclays PLC has a 12-month low of $6.23 and a 12-month high of $12.96. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 5.98. The stock has a market cap of $46.20 billion, a PE ratio of 9.31, a price-to-earnings-growth ratio of 0.68 and a beta of 1.42.

Barclays (NYSE:BCS) last released its quarterly earnings data on Thursday, August 1st. The financial services provider reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.02. The firm had revenue of $7.98 billion during the quarter. Barclays had a return on equity of 5.94% and a net margin of 16.83%. During the same period in the previous year, the business earned $0.43 earnings per share. On average, research analysts anticipate that Barclays PLC will post 1.63 EPS for the current fiscal year.

Barclays Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Friday, September 20th. Investors of record on Friday, August 16th were given a $0.2684 dividend. The ex-dividend date was Friday, August 16th. This is a positive change from Barclays’s previous semi-annual dividend of $0.27. This represents a dividend yield of 3.6%. Barclays’s payout ratio is currently 21.64%.

About Barclays

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.